Property Overview: 42 Mulligan Bay, Linden Woods

Key Characteristics & Appeal

This well-established home in the desirable Linden Woods neighbourhood offers solid, above-average space and value. Built in 1992, the 2,156 sqft residence sits on a 6,383 sqft lot, providing a comfortable footprint that ranks notably high compared to Winnipeg homes citywide. Its assessed value positions it as an elite property across the city, while being more in line with averages within its own prestigious area—suggesting you’re buying into a premium community rather than an outlier.

The appeal lies in its balance and stability. It’s not the largest or newest on its street, but it consistently performs above average across key metrics, indicating a sound investment in a mature, sought-after location. The home would suit buyers looking for a move-in ready property in a prime neighbourhood without the premium of a brand-new build. It’s ideal for professionals or families seeking space, established gardens, and the community feel of Linden Woods, with the added benefit of a home that has stood the test of time.

A thoughtful perspective: its "around average" standing on the street for size and lot could be a positive, indicating a harmonious streetscape without extreme variations, which often supports stable property values. The fact that it’s newer than most city homes means major components may have more modern foundations than many alternatives elsewhere.

Frequently Asked Questions

1. How does this home truly compare to others in Linden Woods?
While its living area is around the neighbourhood average, its assessed value is above average for Mulligan Bay specifically. This suggests it may have premium finishes, updates, or a favourable location on the street that adds value beyond pure square footage.

2. What does the sold price history from 2019 indicate?
The previous sale in the $600k-$650k range provides a concrete benchmark for market value from a few years ago. When comparing to the current assessed value, it’s a key data point for understanding appreciation trends in the area.

3. Is a 1992-built home a concern for major repairs?
Homes from this era often benefit from modern construction standards while still being established. Key systems like roofing, windows, or major appliances may be reaching or have undergone replacement cycles, so a thorough inspection is advised to gauge update schedules.

4. How does the lot size impact living here?
At over 6,300 sqft, the lot is spacious by city standards, offering good outdoor room. It’s slightly smaller than the Linden Woods average, but still provides ample yard space for recreation and gardening without being overly burdensome to maintain.

5. Why is the assessed value so high citywide?
Its "Elite" top 5% city ranking for assessed value primarily reflects the premium of the Linden Woods neighbourhood itself compared to the broader Winnipeg market. It highlights the value of location, as similar-sized homes in many other areas carry significantly lower assessments.