Property Overview: 142 Laurel Ridge Drive
Key Characteristics & Appeal
This home at 142 Laurel Ridge Drive in Linden Ridge is a standout property defined by its generous scale and premium valuation. Its primary appeal lies in offering substantial space on a large lot within a well-established neighbourhood. The 2,426 sqft living area ranks in the top 14% on its street and an elite top 4% city-wide, indicating a home well above average size. This is complemented by an 8,063 sqft lot, which is also above average for the area. Built in 2004, the home is of a modern vintage compared to the Winnipeg average, offering contemporary construction without being brand-new.
The property’s assessed value of $820K places it in the elite top 3% on Laurel Ridge Drive and top 2% city-wide, signaling a high-caliber investment. Its last known sale was in the $800K-$850K range in 2021. This combination suggests a turnkey, move-in-ready home that commands attention for its size and established prestige.
It would best suit buyers looking for ample indoor and outdoor space who value neighbourhood maturity over a brand-new development. It’s ideal for growing or multi-generational families, or professionals seeking a home with significant presence and equity in a desirable pocket of Winnipeg. A less obvious perspective is that its consistently high rankings across multiple metrics suggest it’s a “safe harbour” asset—it outperforms peers locally and city-wide, which can provide confidence in its long-term value retention.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it outperforms most peers. Its living space is larger than 86% of similar Winnipeg homes, and its assessed value is higher than 98% of city-wide properties. On its own street, it ranks 2nd highest in value out of 74 homes.
2. Is the $820K assessment in line with the likely market price?
The assessment is a strong indicator of value for municipal taxes, but market price is determined by current conditions. Given the home sold for an estimated $800K-$850K in 2021 and holds an elite assessment, it is positioned at the upper tier of the market.
3. What are the less obvious advantages of a 2004-built home?
Homes from this era often benefit from modern building codes and energy efficiency standards, while having had time for landscaping and neighbourhood amenities to mature fully. It likely avoids the premium cost and potential issues of very new construction.
4. How usable is the large 8,063 sqft lot?
A lot of this size in Linden Ridge provides significant outdoor space for gardening, recreation, or expansion. It ranks in the top 12% on its street for land area, offering more privacy and potential than many neighbouring properties.
5. Where can I see more detailed context about the neighbourhood?
You can open the dedicated neighbourhood analysis page for this property to view an interactive map comparing year built, living area, value, and lot size with nearby houses.