Property Overview & Key Characteristics
This home at 94 Royal York Drive in Linden Woods is a well-established property that offers a balanced proposition. Built in 1986, it sits on a generous 6,184 sqft lot. With 1,896 sqft of living space, it provides ample room for a family. The data suggests its appeal lies in its solid, above-average citywide standing—particularly in lot size and living area compared to the broader Winnipeg market—while representing a more moderate value within the desirable Linden Woods neighbourhood itself. This creates an opportunity for a buyer seeking the community benefits and prestige of the area at a potentially more accessible point than newer or larger homes on the street.
The property would suit practical buyers who value space and location over a brand-new build. It’s ideal for a family looking to settle in a top-tier neighbourhood, possibly willing to undertake gradual updates to a 1980s home to personalize it. It also appeals to the value-conscious buyer who understands that a "below average" assessment for Linden Woods still represents an above-average property citywide, offering a strategic entry into a sought-after area.
Frequently Asked Questions
1. How does this home’s value compare within Linden Woods?
The assessed value is below the neighbourhood average, ranking in the top 78% (meaning roughly 78% of area homes have a higher assessment). This indicates it may be priced more accessibly than many properties in Linden Woods, though it remains a premium asset compared to the wider city.
2. Is the 1986 build date a concern?
While newer than most on its specific street, it is slightly older than the Linden Woods average. This suggests a well-built, mature home that likely has established landscaping and may have seen some updates, but a thorough inspection for age-related components (roof, windows, major systems) is advisable.
3. What does the sold price range from 2023 tell us?
The 2023 sale in the $550k-$600k range provides a recent market benchmark. Comparing this to the current assessed value can give insight into market trends and the municipality’s valuation approach, which often lags behind actual market prices.
4. How does the lot size compare?
At over 6,000 sqft, the lot is above the city average. While not the largest on the street or in the neighbourhood, it provides substantial outdoor space, which is a key and permanent advantage in a mature community where new developments typically offer smaller lots.
5. Why is the citywide ranking so much stronger than the neighbourhood ranking?
This highlights the desirability of Linden Woods. Metrics like living area and lot size that are average or slightly below average for the neighbourhood are actually well above the average for all of Winnipeg. You are purchasing into a high-calibre area where the standards are elevated.