Property Overview
55 Shorecrest Drive is a substantial family home in Winnipeg's sought-after Linden Woods neighbourhood. Its primary appeal lies in its exceptional combination of generous living space and a remarkably large private lot, a pairing that is increasingly rare. Built in 1984, the home offers over 3,200 sqft of living area, placing it well above average for the street and among the elite properties city-wide. The true standout feature, however, is the land: at over 22,000 sqft, the lot size ranks in the top 4% on its own street and the top 1% in both Linden Woods and the entire city. This provides unparalleled space for privacy, recreation, and potential future expansion.
The home suits buyers who prioritize space and land over a brand-new build. It is ideal for a growing or multi-generational family seeking room to spread out indoors and outdoors, or for someone looking for a property with significant redevelopment potential in a premier area. Its assessed value of $1.43M and recent sale history reflect its premium positioning. This is not just a house, but a property where the land itself represents a major, long-term asset in a stable, high-demand community.
Frequently Asked Questions
1. How does the home’s age affect its value?
While the 1984 build date is older than the average Linden Woods home, the property’s value is heavily supported by its elite lot size and living area. Buyers should view it as a solid structure on a premium parcel of land, where the value is in the space and location, with the understanding that updates may be desired.
2. Is the lot size typical for the area?
No, it is exceptional. The property’s lot is nearly double the average size on Shorecrest Drive and triple the average for Linden Woods. This makes it a unique offering, providing a level of privacy and yard space that is very difficult to find in this neighbourhood.
3. What does the sale history indicate?
The steady appreciation in sold price from 2019 to 2022 demonstrates strong market demand for properties with these characteristics in Linden Woods. The significant jump between 2019 and 2020 aligns with broader market trends, while the 2022 sale price solidifies its high-end market position.
4. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home without any renovation projects, or those who prefer a low-maintenance yard. The scale of both the house and the land implies a commitment to upkeep and potential updates.
5. How does it compare to similarly valued homes elsewhere?
At this assessed value, you are paying for land and space within a specific, established community. Comparable-value homes in other elite areas might offer newer construction or different architectural styles, but rarely such a large lot within a family-oriented neighbourhood like Linden Woods.