Property Overview: 395 Lyndale Drive, Norwood West, Winnipeg
Key Characteristics & Appeal
This 1,264 sqft bungalow, built in 1948, sits on a 5,293 sqft lot in Norwood West. Its core appeal lies in its strong value proposition within a mature, established neighbourhood. The home’s assessed value of $467k positions it notably above average for both the wider city and the Norwood West area, suggesting it is viewed as a solid asset in a desirable location. However, the living space is modest compared to other homes on Lyndale Drive itself, and the lot size is below average for the immediate street and neighbourhood. This creates an interesting dynamic: you are investing in the location and land value of Norwood West, rather than a large house or yard.
The property would suit a practical buyer who values neighbourhood character and long-term value over sheer size. It’s a candidate for someone looking to enter a well-regarded area without a premium price tag for a sprawling home, potentially a first-time buyer, downsizer, or investor. The recent sale in late 2022 (between $400k-$450k) indicates active market interest. A thoughtful perspective is that this home represents the "bones" of the location—offering the chance to live in Norwood West with the potential to renovate or expand the existing structure over time, as the lot, while not the largest on the street, still provides adequate space.
Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. At 1,264 sqft, the living area is below the average for Lyndale Drive (approx. 1,651 sqft). This is a key consideration if interior space is a priority.
2. Why is the assessed value relatively high compared to the home's size?
The assessment reflects the property’s value within the sought-after Norwood West area and citywide. It suggests that the market values the location highly, even if the specific structure is more modest.
3. How does the lot size compare?
The lot is 5,293 sqft, which is below average for both Lyndale Drive and the Norwood West area. It is, however, close to the citywide average for lot size.
4. What does the sale history tell us?
The home sold in December 2022 for an estimated $400,000-$450,000. This recent sale shows strong market activity and provides a concrete, recent price point for comparison.
5. How can I get the exact past sale price?
The exact sale price is not publicly displayed due to data source rules. You can request the verified figure by emailing the site directly for a manual lookup, which they provide without using your email for marketing.