Property Overview: 7 Fairhaven Road, Linden Woods
Key Characteristics & Appeal
This home at 7 Fairhaven Road is a well-established property in Winnipeg's desirable Linden Woods neighbourhood. Built in 1989, it offers nearly 2,000 square feet of living space on a generous 6,198 sqft lot. The data presents a home that is solidly positioned within its immediate area—neither the largest nor the newest on its street, but offering space and value that stand out more significantly when viewed city-wide. Its assessed value and living area, for example, rank within the top 12-27% of all Winnipeg homes, suggesting a strong foundational value compared to the broader market.
The appeal lies in its balance. It suits buyers seeking a move-in ready home in a mature, sought-after community without the premium often attached to newer builds or the largest estates on the block. It represents an opportunity to enter a stable neighbourhood where the property itself offers above-average space relative to the city, on a good-sized lot. This would particularly suit practical buyers—perhaps growing families or professionals—who value community and location over a brand-new construction project, and who appreciate a home that has been part of a well-maintained area for decades.
Frequently Asked Questions
1. How does this home truly compare to others in Linden Woods?
While its size and assessed value are around the neighbourhood average, its lot size and year built are slightly below the local average. This indicates it's a comfortable, standard offering for Linden Woods, not an outlier, which can be positive for consistent community value.
2. The sold price range is from 2023. What does that mean for today's value?
The listed sold price range (CA$500k–550k) is a historical data point from 2023. Current market conditions, updates to the home, and broader economic factors will influence its present value, so this should be used as a reference point, not a current appraisal.
3. The assessed value seems low compared to the sold price. Why?
The assessed value (56.90k) is for municipal tax purposes and is not intended to reflect market value. It's a common discrepancy in many regions, and the historical sold price is a far more accurate indicator of its market worth.
4. What are the potential implications of the home's age (built 1989)?
A home of this age is likely past the major initial settling issues but may be due for updates to key systems like roofing, windows, or HVAC. This offers a balance: the neighbourhood's maturity is assured, but a thorough inspection is advisable to budget for any modernizations.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed in detail. As noted on the listing, you can request it by email from the source, which promises to provide the accurate figure manually without using your email for unsolicited marketing.