Property Overview: 433 Linden Avenue, Winnipeg
Key Characteristics & Appeal
This 1,024 sqft bungalow, built in 1955 on a 4,993 sqft lot in Rossmere-B, presents a solid, middle-ground option in the Winnipeg market. Its primary appeal lies in its strong positioning within its immediate community. The home's assessed value of $346k is notably above average for both its street and neighborhood (top 15%), suggesting it is a well-regarded property among its direct peers. However, it sits around the citywide average for value, indicating you are paying a premium for this specific location rather than square footage, as the living area is below the Winnipeg average.
The property would suit a first-time buyer or downsizer looking for a stable, established neighborhood where the investment is backed by strong local comparables. It’s less suited for those prioritizing maximum interior space city-wide. A thoughtful perspective is that this home represents a "neighborhood anchor" – its value metrics imply it's a benchmark property on Linden Avenue, potentially offering more stability and less volatility than homes in more varied or transitioning areas.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home sold in September 2024 for an estimated $400k-$450k, which placed it in the top 7-8% of sales for its street and area at that time. This indicates a sale price significantly above its assessed value and the local averages, reflecting strong market demand for this specific property.
2. Is the living space small for Winnipeg?
At 1,024 sqft, the living area is typical for Rossmere-B and Linden Avenue but is below the Winnipeg citywide average of 1,342 sqft. This is characteristic of many mature neighborhoods and reflects a more efficient use of space rather than being unusually small for its area.
3. What does the above-average assessed value for the street mean?
An assessed value in the top 15% on its street suggests the property is considered one of the more valuable homes on Linden Avenue based on municipal evaluation. This can be due to factors like condition, updates, lot desirability, or additions. It often correlates with a stronger resale position within the immediate locale.
4. How can I find out the exact past sale price?
The site provides sold price ranges for general research. Due to industry regulations, exact sale prices and full MLS history are not published online here. You can request the exact figures via email, and the service will provide them manually at no cost.
5. How does the lot size compare?
The lot is just under 5,000 sqft, which is very close to the average for both Linden Avenue and Rossmere-B. It is, however, smaller than the Winnipeg citywide average. This is typical for the neighborhood and offers a standard outdoor space for the area without being exceptionally large or small.