Property Overview: 514 Linden Avenue, Winnipeg

Key Characteristics & Appeal

This home at 514 Linden Avenue in the Rossmere-B neighborhood presents a practical and straightforward opportunity in the Winnipeg market. Built in 1955, its 886 sqft living area is notably compact, ranking below the average for its street, neighborhood, and the wider city. This positions it as a more manageable, lower-maintenance interior space.

The primary appeal lies in its balance. While the house itself is modest in size, it sits on a 5,061 sqft lot that is above average for Linden Avenue, offering valuable outdoor space and potential. The municipal tax assessment of $315,000 is consistently "close to average" across all comparison levels, suggesting a stable, mid-range valuation that isn't over-inflated relative to its immediate surroundings. Recent sale history indicates steady appreciation.

This property would best suit first-time buyers or downsizers seeking an affordable entry into a established neighborhood without a large home to maintain. The generous lot size relative to the house could appeal to those who value garden space, privacy, or see long-term potential for expansion, making it a pragmatic choice over a purely aesthetic one.

Frequently Asked Questions

1. Is the house too small?
At 886 sqft, the living space is below the local and city averages. It would suit individuals, couples, or small families comfortable with efficient living. A viewing is essential to assess if the layout meets your needs.

2. How does the tax assessment value relate to the likely selling price?
The assessment ($315,000) is a municipal figure for calculating property taxes and is often close to market value, but not always identical. Sale prices are influenced by current market conditions, the home's interior state, and buyer competition.

3. What does the "above average" lot size mean for me?
With a lot size ranking in the top 20% on its street, you have more outdoor space than many neighbors. This could mean a larger yard, more gardening space, better privacy, or future potential for additions like a shed, deck, or garage, subject to local bylaws.

4. The home was built in 1955. What should I be concerned about?
As with any home of this era, the condition of major systems (roof, wiring, plumbing, foundation) and insulation are key. A thorough home inspection is crucial to identify any needs for updating or repair, which is typical for houses of this vintage.

5. The data shows past sales in 2019 and 2022. What does that indicate?
It shows the property has changed hands semi-recently, which can be normal. The increase in the sale price bracket between those dates suggests market appreciation. For precise sale prices to understand the trend fully, you would need to request that specific data from the source.