Property Overview: 116 Falcon Ridge Drive, Linden Ridge
Key Characteristics & Appeal
This home presents a compelling balance of space, value, and a well-established neighbourhood setting. Built in 2004, it offers modern construction without being brand-new, potentially avoiding the quirks of older homes while having settled into its surroundings. With nearly 1,910 sqft of living area, it provides ample room for a family, ranking comfortably above the city-wide average for space.
The property’s standout feature is its exceptional value proposition. The assessed value places it in the top 2% city-wide, indicating a significantly higher valuation relative to most Winnipeg homes, which often suggests desirable fundamentals. Coupled with a lot size over 7,800 sqft—larger than most on its own street—it offers generous outdoor space for a 2004-built home in a developed area. Its appeal lies in this combination: a spacious, modern-enough home on a sizable lot in the established Linden Ridge neighbourhood, all underpinned by strong assessed value metrics. It would suit value-conscious buyers looking for room to grow, those who prioritize lot size over a brand-new build, and anyone seeking a home with apparent equity based on its assessment standing.
Frequently Asked Questions
1. How does the assessed value compare to the last sold price?
The home sold in the $600k-$650k range in 2019. Its current assessed value is noted as $79.90k, which is a typical notation for the land value portion only in some municipal systems. The full market value assessment would be significantly higher, as indicated by its "Elite" city-wide ranking.
2. Is the living space considered large for the area?
At 1,909 sqft, it is slightly below the average for Linden Ridge (approx. 2,120 sqft) but remains above the city-wide average. It represents a spacious home by broad standards, though there are larger options within the immediate neighbourhood.
3. What does the "Top 2%" city-wide ranking for value mean?
This percentile ranking suggests the home’s assessed value is higher than 98% of all comparable homes across Winnipeg. This doesn't guarantee a sale price, but it strongly indicates that the property’s assessed worth is in a very high tier relative to the overall market.
4. How does the lot size impact the property?
At 7,811 sqft, the lot is larger than most on Falcon Ridge Drive (top 12% on the street). This offers more privacy, yard space, and potential for outdoor amenities or expansions compared to many contemporary lots, which is a less obvious advantage for a home from this era.
5. Where can I see more detailed neighbourhood comparisons?
The listing references a "neighbourhood analysis page" that maps nearby properties, allowing for direct visual comparison of year built, living area, assessed value, and lot size with immediate neighbours.