Property Overview & Key Characteristics
This home at 86 Stonington Bay in Winnipeg's Linden Woods neighbourhood presents a unique value proposition defined by its context. Its appeal lies in being a relatively modern, well-sized home within a desirable area, but with a character shaped more by its city-wide standing than its immediate street.
The 1,589 sqft house, built in 1998, is newer than most Winnipeg homes. Its city-wide assessed value ranks in the elite top 5%, suggesting a solid underlying valuation. However, within the upscale Linden Woods area and on Stonington Bay itself, the same metrics—living space, lot size (5,960 sqft), and assessed value—are below or around average for the locale. This creates an interesting dynamic: you're acquiring a home that holds its own across the city while gaining entry into a neighbourhood where it is one of the more modest properties.
This profile would suit practical buyers seeking Linden Woods amenities and prestige without the premium for a largest-in-class home. It’s ideal for those who value neighbourhood over having the biggest house on the block, or for downsizers wanting to stay in the area in a manageable, modern property. The above-average year of build is a key asset, implying fewer immediate major repairs compared to the city's older housing stock.
Frequently Asked Questions
1. Is this a good value for Linden Woods?
Based on assessed value and recent sold price data, this home sits at a more accessible point within Linden Woods. You are paying for the location and community, not for an oversized property, which can represent a smart entry point into the neighbourhood.
2. How does the lot size affect the property?
At just under 6,000 sqft, the lot is below average for both the street and Linden Woods. This means less yard maintenance, which many appreciate, but also less private outdoor space compared to some neighbours—a trade-off to consider.
3. The sold price from 2022 seems high relative to the assessed value. Why?
Assessed value for taxation purposes often lags behind market value, especially in desirable neighbourhoods. The 2022 sale price reflects what a buyer was willing to pay in a competitive market, which is typically a more accurate indicator of the home's market worth.
4. What does it mean that the home is "newer" than most in the city?
Built in 1998, major components like the roof, windows, and mechanical systems are likely more recent than those in the average Winnipeg home (built ~1966). This can mean greater energy efficiency and lower risk of near-term, costly replacements.
5. Who are the most likely neighbours on this street?
The rankings indicate that homes on Stonington Bay generally have larger lots, more living space, and higher assessments. This suggests the immediate neighbours likely own larger, potentially higher-value properties, which can be a positive for overall streetscape and stability.