Property Overview: 67 Princewood Road, Linden Woods
Key Characteristics & Appeal
This well-maintained home, built in 2003, offers a practical and modern living space in the established Linden Woods neighbourhood. Its key appeal lies in its relative newness compared to most Winnipeg homes, positioning it as a move-in-ready property with likely fewer major maintenance concerns in the near term. With 1,570 sqft of living area, it provides comfortable space for a small family, couple, or downsizer, without the upkeep of a larger home.
The property’s standout characteristic is its value context. While its lot size is modest for the immediate street and area, its city-wide assessed value ranks within the top 8% of all Winnipeg homes. This suggests a strong underlying value proposition for the neighbourhood and the home’s condition. It suits buyers seeking a modern home in a desirable area without a premium price tag for excessive square footage. It’s a pragmatic choice for those who prioritize a newer build and location over having the largest house or yard on the block. A thoughtful perspective is that this home represents a balance—offering the Linden Woods lifestyle and a contemporary structure, but in a more efficient, manageable package that may align with current trends towards right-sizing.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 1,570 sqft, the living area is below the current average for both Princewood Road and the wider Linden Woods area. This indicates it is a more modestly sized home in a neighbourhood of larger properties, which is often reflected in its pricing.
2. What does the "Top 8%" city-wide assessed value ranking mean?
This means the home’s assessed value is higher than 92% of all residential properties in Winnipeg. It highlights that, despite being a mid-tier property within Linden Woods, it holds significant value compared to the overall city market, underscoring the neighbourhood’s desirability.
3. Is the lot size a disadvantage?
The 5,550 sqft lot is smaller than most on the street and in Linden Woods. For buyers wanting extensive outdoor space for gardening or recreation, it may be a consideration. For those seeking lower yard maintenance, it could be viewed as an advantage.
4. The home sold between $450k-$500k in 2017. What is it worth now?
The sold price history provides a past benchmark, but current market conditions, updates to the home, and comparable recent sales are necessary for an accurate present valuation. Exact current pricing requires a professional assessment or review of the most recent market data.
5. What are the potential benefits of a 2003 build year?
A home built in 2003 typically incorporates modern construction standards, wiring for technology, and more contemporary layouts than older stock. It may also mean major components (like roof, windows, HVAC) are newer or have been updated more recently, potentially deferring significant capital expenses.