256 Linden Avenue

Property Overview: 256 Linden Avenue, Winnipeg

Key Characteristics & Appeal

This home presents a distinct value proposition in Winnipeg's Rossmere-B neighborhood. Its key characteristic is a significant imbalance between its below-average assessed value and its above-average lot size. At 5,081 sqft, the property sits on a larger-than-standard parcel for its street, offering valuable outdoor space and potential. However, the 1,068 sqft house, built in 1914, is notably older than most area homes and carries a municipal assessed value ($240k) well below local and city averages.

The primary appeal lies in this discrepancy. It suits a specific buyer: someone seeking a lower entry point into a stable neighborhood who values land over a modern or recently renovated home. It’s a practical choice for buyers comfortable with a project, whether that’s updates, an expansion, or simply enjoying a larger yard without a premium price. The data suggests you are purchasing the land and location, with the older home representing both a cost-saving and an opportunity for customization.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighboring homes?
The assessed value is heavily influenced by the home's age (1914) and size. Being significantly older and slightly smaller than area averages results in a lower municipal valuation, which can mean lower property taxes.

2. What does the older construction year mean for maintenance?
A 1914 build requires a diligent inspection. While it offers character, potential buyers should budget for updates to older systems like wiring, plumbing, and insulation, and investigate the home's maintenance history thoroughly.

3. How does the larger lot size benefit me?
Beyond more private outdoor space, a larger lot provides flexibility. It could accommodate additions like a garage, workshop, or garden, and generally offers more light and privacy than tighter lots, which is a growing priority for many.

4. What is the realistic selling price based on recent sales?
Recent sales data shows a range. It last sold between $250k-$300k in early 2021, and for $150k-$200k in 2016. The current assessed value of $240k is a municipal benchmark, but the market price will be determined by condition, updates since the last sale, and current buyer demand.

5. How does this home compare to others on the street?
The data shows it's an outlier on Linden Avenue: it has more land (top 9%) but is much older (top 94%, meaning 94% of homes are newer) and has a lower assessed value (top 94%) than street averages. It offers a different balance of assets than most nearby properties.