Property Overview
This home at 8 Parkroyal Bay in Winnipeg’s Linden Woods neighbourhood presents a well-established, spacious property with strong city-wide appeal. Built in 1984, it sits on a generous 7,761 sqft lot and offers 2,138 sqft of living space. Its assessed value places it within the top 5% of all Winnipeg homes, indicating a solid underlying value proposition. The home last sold in the 2019 price range of $600k-$650k.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of space, location, and established value. While it is a fairly typical home for its immediate bay and the broader Linden Woods area in terms of size, age, and assessment, its metrics become impressive when viewed city-wide. The living area is notably above the Winnipeg average, and the lot size is in the top 12% of all city properties. This suggests buyers are getting more physical space—both indoors and outdoors—than is common elsewhere.
Its appeal is grounded rather than flashy. It suits buyers looking for a mature, spacious home in a desirable neighbourhood without venturing into the premium tier of its immediate area. It would particularly suit a family valuing generous outdoor space for play or gardening, or a buyer who prioritizes a home with proven, long-term value growth as evidenced by its elite city-wide assessment ranking. A thoughtful perspective is that this home offers the Linden Woods lifestyle without being the newest or largest on the block, potentially representing a value-conscious entry point into the area.
Frequently Asked Questions
1. How does this home truly compare to others in Linden Woods?
While its living area and assessed value are around the neighbourhood average, its lot size is above average for Linden Woods, placing it in the top 24%. This means you’re getting more land than many comparable homes in the area.
2. The home was built in 1984. What should I consider?
A home of this age may have undergone significant updates. Prospective buyers should prioritize a thorough inspection of major systems (roof, HVAC, plumbing, electrical) and inquire about any recent renovations to kitchens or bathrooms.
3. What does its "Elite" city-wide assessed value ranking mean?
Ranking in the top 5% of all Winnipeg homes for assessed value is a strong indicator of the property’s underlying municipal valuation and long-term appreciation. It suggests a historically solid investment compared to the broader market.
4. How accurate is the sold price history shown?
The listed sold price is a range based on available public data. For the exact historical sale price, you must request it directly via the provided email service, which manually confirms the accurate figure.
5. What are the next steps to evaluate this property?
It is recommended to review the detailed neighbourhood analysis map to compare this home visually with nearby properties on metrics like year built and lot size. Then, arrange a viewing to assess its condition and layout firsthand.