Property Overview: 171 Lyndale Drive, Norwood West, Winnipeg

Key Characteristics & Appeal

This is a substantial, modern home in a well-established neighborhood. Its primary appeal lies in its exceptional size and recent construction relative to its surroundings. With nearly 3,000 sqft of living space, it ranks in the top 1% of homes in Norwood West and citywide for square footage, offering significantly more room than the typical area home. Built in 1998, it is notably newer than most comparables on its street and in the neighborhood, suggesting modern building standards and systems.

The home’s assessed value ($886k) and recent sold price (approximately $1.15M–1.2M in mid-2024) consistently place it in the top tier for the area, reflecting its premium positioning. Interestingly, while the house itself is elite in scale and value, the lot size is more average for the city, indicating the value is driven by the structure rather than the land. This property would ideally suit buyers looking for a large, turn-key family home in a mature neighborhood without the maintenance concerns of a much older property, and for those who prioritize interior space over an expansive yard.

Frequently Asked Questions

1. How does the home’s size truly compare to others?
It is exceptionally large. With 2,986 sqft, it has roughly 80% more living space than the average Winnipeg home and doubles the average for the Norwood West neighborhood.

2. The lot seems smaller than some neighbors'. Is that a concern?
The land area is around the city average but below the street average. This means the premium is for the home itself. It’s a trade-off: you get a very large, modern house on a standard-sized lot in a prime area, which is typical for newer infill-style properties in mature neighborhoods.

3. The sold price is significantly higher than the assessed value. Why?
Assessed value for municipal taxation often lags behind market value, especially in a dynamic market. The recent sale price demonstrates what buyers were actually willing to pay, confirming the property’s market position in the top 1-3% of the area.

4. What does the "Year Built" ranking tell me?
Ranking in the top 3% for the neighborhood means 97% of comparable homes in Norwood West are older. This is a distinct advantage, suggesting fewer immediate major system replacements (like roof, wiring, or plumbing) compared to the neighborhood’s predominantly mid-century housing stock.

5. How can I verify the exact sold price?
Due to data display regulations, exact sold prices are provided manually upon request. You can use the email request function on the listing page to receive verified figures directly.