Property Overview: 119 Waterbury Drive, Linden Woods

Key Characteristics & Buyer Appeal

This home presents a compelling value proposition within Winnipeg’s desirable Linden Woods neighbourhood. Its key appeal lies in the combination of a prime location with a relatively accessible price point for the area. At 2,080 sqft, the living space is above the city-wide average but is one of the more modestly sized homes on Waterbury Drive itself. This creates an interesting dynamic: you're acquiring a home that stands out favourably in a city-wide context while being situated on a street of generally larger, higher-value properties.

The lot size of 8,179 sqft is a significant asset, offering ample outdoor space that ranks well above averages for both the city and the broader Linden Woods area. Built in 1986, the home is of a vintage typical for the street but is notably older than many in the neighbourhood, suggesting potential for updates. The assessed value is notably lower than those of its immediate neighbours, which can indicate a more affordable entry point into the street, possibly reflecting the home’s condition or original finishes.

This property would suit value-conscious buyers who prioritize location and land size over turn-key perfection. It’s an ideal candidate for someone looking to secure a footprint in a premium neighbourhood and is willing to invest in renovations over time. It could also appeal to buyers who appreciate established, mature landscaping and a settled streetscape that comes with an older home in a well-regarded area.

Frequently Asked Questions

1. Why is the assessed value so much lower than the homes around it?
The assessed value is based on municipal valuation for tax purposes and is often lower than market value. Its position relative to neighbours can be influenced by factors like the home’s size, condition, specific features, and the timing of assessments. It often signals a more affordable entry point into the street.

2. How does the home’s size compare to others in Winnipeg?
With 2,080 sqft of living area, this home is larger than approximately 91% of properties across Winnipeg, offering ample space by general standards. However, it is one of the smaller homes on its own block in Linden Woods.

3. What does the sold price history indicate?
Public records show the home sold for between $650,000 and $700,000 in 2023. This recent sale provides a concrete benchmark for its market value, well above its assessed value, which is common in sought-after neighbourhoods.

4. Is the lot size a major feature?
Yes. The lot of over 8,000 sqft is a standout feature, providing generous outdoor space that is larger than most in both Linden Woods and Winnipeg overall. This is a key asset for privacy, gardening, or future expansion.

5. You mention it might need updates. What should I consider?
As a home built in the mid-1980s, major systems like the roof, windows, furnace, or kitchen and bathrooms may be nearing or past their typical lifespan. A thorough inspection is recommended to budget for any necessary maintenance, repairs, or modernizations, which is typical for homes of this age.