98 Thorncliff Bay

Property Overview: 98 Thorncliff Bay, Linden Woods

Key Characteristics & Appeal

This well-situated home on Thorncliff Bay is defined by its above-average living space and established character. With 1,882 sqft of living area, it offers more room than most homes on its street and significantly more than the Winnipeg average, providing a sense of space within a desirable neighbourhood. Built in 1984, it is one of the older homes on the block, which can appeal to those preferring classic construction and mature landscaping. The lot size is generous and competitive city-wide.

The primary appeal lies in its strong positional value. It sits in the sought-after Linden Woods area, yet its assessed value is notably lower than many neighbourhood comparables. This presents a compelling value proposition for entering this market. Recent sale history shows steady appreciation.

This property would suit a practical buyer looking for a family home in a prime neighbourhood without the premium price tag of a newer build. It’s ideal for someone comfortable with a home from the 1980s, possibly seeing potential in updates, and who values larger interior space and a stable, established community over a brand-new construction.

Frequently Asked Questions

1. How does the value of this home compare to its neighbours?
The home’s assessed value is around average for Thorncliff Bay but is in the lower tier for the broader Linden Woods area. This suggests you may get more living space for your dollar here compared to other homes in the neighbourhood.

2. What does the sale history indicate about the property’s market performance?
The home sold in 2017 and again in 2023, with the sale price moving from the mid-$400,000s to the mid-$500,000s. This indicates solid appreciation over a six-year period, consistent with the area's desirability.

3. Is the 1984 build year a concern?
While it’s one of the older homes on the street, its construction year is actually newer than the Winnipeg city average. It implies major components like the roof, windows, and mechanical systems may be due for inspection or updates, which is typical for a home of this age.

4. How does the lot size compare?
At just under 6,400 sqft, the lot is slightly smaller than the average for Linden Woods but remains larger than the typical Winnipeg lot. It offers ample outdoor space while potentially requiring less maintenance than larger plots.

5. Where can I get more specific data about the area and past sales?
The listing references a neighbourhood analysis map for detailed comparisons and offers to provide the exact historical sold prices via email upon request, as only price ranges are published publicly.