Property Overview: 81 Lindenwood Drive E, Linden Woods, Winnipeg
Key Characteristics & Appeal
This home is a well-established property in the desirable Linden Woods neighbourhood, built in 1983. With just under 2,000 sqft of living space and a 6,095 sqft lot, its size is comfortably above the Winnipeg citywide average, offering more room than many homes across the city. The appeal here is one of relative value and stability within a sought-after area. While the home is older than many on its own street, this can represent an opportunity for buyers looking for a character home in a mature, treed setting, or a solid foundation for renovations. The recent sale history shows consistent value growth.
It suits practical buyers who prioritize location and lot size over a brand-new build. It’s ideal for someone seeking a home in a prime neighbourhood without the premium price of a newer property, and who may see potential in updating an older home to their own taste. The data suggests you’re buying into a strong citywide and community market, with the specific street offering a more affordable entry point into Linden Woods.
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, it’s important to note the home is older than 97% of properties in Linden Woods. This means you likely get more established landscaping and a mature streetscape, but the home itself may require more updates compared to newer builds in the area.
2. What does the sold price history indicate?
The home has sold three times since 2016, each time at a higher price range, demonstrating steady appreciation. The jump from the 2021 sale range ($500k-$550k) to the 2024 range ($650k-$700k) is significant and reflects strong market momentum for the area.
3. Is the assessed value a good indicator of the likely selling price?
No, the assessed value for taxation purposes ($59.30k) is not a market price. Recent sold prices are a far more accurate gauge. The assessed value is useful only for comparing relative municipal tax burdens with similar homes.
4. The lot size is below average for the street. Is that a concern?
At just over 6,000 sqft, the lot is smaller than many on Lindenwood Drive E but remains larger than the typical Winnipeg lot. It offers ample private outdoor space while possibly requiring less maintenance than larger lots on the street.
5. Who would benefit most from requesting the exact sold price history?
Serious buyers or those working with a real estate agent should request the exact prices. Knowing the precise sale figures from 2016, 2021, and 2024 allows for a detailed analysis of price growth and helps in formulating a competitive and informed offer.