Property Overview: 303 Linden Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 303 Linden Avenue in the Rossmere-B neighborhood presents a distinct profile defined by its above-average living space within a well-established, mature setting. Built in 1914, it is notably older than most homes on its street and in Winnipeg overall. Its primary appeal lies in its generous 1,551 sqft living area, which ranks in the top 5% on Linden Avenue and top 4% in Rossmere-B, offering more interior space than many nearby properties. However, its assessed value ($268k) and lot size (3,901 sqft) are below the local averages, suggesting it may represent a value-oriented opportunity in a neighborhood of generally higher-valued homes. The property last sold in mid-2024 for an estimated $300k–$350k.
This home would suit a practical buyer looking for space over newness—someone comfortable with the character and potential maintenance considerations of a century-old home. It’s a fit for those who prioritize interior square footage and see potential in a property where the assessed value is lower than the neighborhood norm, possibly allowing for equity growth through updates. It may also appeal to buyers seeking a established, quiet street where their home offers more space than the immediate neighbors.
Frequently Asked Questions
1. Why is the assessed value significantly lower than the neighborhood average?
The assessed value is based on municipal evaluation formulas, which consider factors like age, lot size, and recent sales. This home's older age (1914) and smaller lot size relative to the area likely contribute to its below-average assessment.
2. What does it mean that the living area is "Elite" ranked but the value is "Below Average"?
This contrast suggests you are getting more interior square footage per dollar compared to neighbors. It highlights a potential value proposition, where the cost is more tied to the land and age, while the living space inside is a standout feature.
3. Are there concerns with a home built in 1914?
While offering classic character, a home of this age will likely have older infrastructure (like plumbing, electrical, and insulation) that requires careful inspection. Modernization and maintenance history are key points to investigate.
4. How does the lot size impact the property?
At 3,901 sqft, the lot is smaller than most on the street and in the area. This means less outdoor space for gardening or expansion, but it can also translate to less yard maintenance.
5. The home sold recently in 2024. Why is it back on the market?
The provided data shows a sale in 7/2024. Without specific current listing details, it's important to request the exact sale history and duration of ownership. A quick resale can be due to many neutral factors like a change in the owner's circumstances, not necessarily a problem with the property.