Property Overview: 6 Princemere Road, Linden Woods
Key Characteristics & Appeal
This home is a study in desirable contrasts. Built in 1986, it sits on a generous 7,629 sqft lot that is above average for its street, neighbourhood, and the entire city, offering significant outdoor space in the established Linden Woods area. The living area of 2,071 sqft is comfortably sized, ranking as average for the immediate area but well above the Winnipeg citywide average, indicating a spacious interior for the market.
The appeal lies in its positional value. While its assessed value is modest compared to its immediate neighbours, this presents a potential value proposition within a sought-after neighbourhood. The home offers the established streetscape, lot size, and community amenities of Linden Woods, but may appeal to buyers looking for a property with room to grow or personalize. It would suit a family or long-term buyer who prioritizes lot size and location over a modern, turn-key interior, and who sees the below-average assessment for the street as an opportunity rather than a drawback.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value is for municipal tax purposes. Its lower ranking on Princemere Road suggests the home may be valued conservatively compared to neighbours, which can be attractive, but the final sale price will be determined by current market conditions, the home's interior condition, and buyer demand.
2. How does the age of the home (1986) factor in?
This means the home is from the era of Linden Woods' initial development. Buyers can expect a classic layout and possibly original or dated features, which should be factored into renovation budgets. Conversely, homes from this period are often on larger lots than newer builds in the area.
3. What does the sold price history from 2020 tell us?
The 2020 sale price range provides a historical benchmark, but it does not reflect today’s market value. It’s most useful for understanding the property’s price trajectory and should be considered alongside recent sales of comparable homes in the area.
4. The lot size is highlighted as a key feature. What are the advantages?
A lot size that ranks in the top 22% on the street and top 13% citywide offers exceptional outdoor space for gardening, recreation, or future expansions like a deck or addition, which is a rare find in many city neighbourhoods.
5. Who would this property not be suited for?
It may not suit buyers seeking a modern, low-maintenance home with recent updates throughout. Given the likely need for some updates (inferred from age and assessment), it is less ideal for those without the budget or desire for any renovation work.