Property Overview: 664 Lyndale Drive, Norwood West, Winnipeg
Key Characteristics & Buyer Appeal
This 880 sqft bungalow, built in 1944, sits on a 5,160 sqft lot in Winnipeg's established Norwood West neighborhood. Its key characteristic is its position as a more modest and affordable entry point within a desirable area. The home's assessed value of $341k is notably below the street average ($556k) and neighborhood average ($426k), yet aligns closely with the wider Winnipeg average. It last sold for an estimated $400k-$450k in August 2024.
The primary appeal lies in its location and value proposition. It offers access to a mature neighborhood with larger, often higher-value homes, but at a lower price threshold. This suits first-time buyers, downsizers, or investors seeking a manageable property in a solid location without the premium price tag of a larger home on the same street. The lot size, while smaller than others on Lyndale Drive, is near the citywide average, offering reasonable outdoor space. A thoughtful perspective for a buyer is to see this not as a "below average" home, but as an affordable stake in an "above average" location, with potential to add value over time.
Frequently Asked Questions
1. Is this a good value for the area?
Based on the data, the property sells at a significant discount compared to the typical home on Lyndale Drive, while being priced closer to the broader city average. This suggests you are paying primarily for the location within Norwood West, with the home itself representing a more basic, entry-level offering for the street.
2. What does the sold price range tell us?
The recent sale in the $400k-$450k range indicates the market price exceeded the $341k assessed value. This is common, but the sale price ranking in the top 40% for the neighborhood and only top 61% for the street confirms it traded at a relative discount to its immediate neighbors.
3. How does the living area compare?
At 880 sqft, the living space is compact. It ranks below average for the street, neighborhood, and city. This underscores that the property is best suited for those with simpler space needs or those viewing it as a long-term hold where additions or renovations could be a future consideration.
4. What are the implications of the year built (1944)?
The home is older than the Winnipeg average. Buyers should budget for maintenance and updates consistent with an 80-year-old structure. However, it is around the average age for its street and neighborhood, meaning local trades are likely familiar with homes of this vintage.
5. How reliable is this sold price data?
The provided sold price is an estimate based on public records, not the official MLS sale price. For fully verified and exact transaction history, you must request a manual lookup from the site, as detailed in their data notes.