Property Overview
172 Falcon Ridge Drive is a spacious, well-established home in Winnipeg's Linden Ridge neighbourhood. Built in 2004, it offers over 2,650 square feet of living space on a generous 6,700-square-foot lot. The home's key appeal lies in its proven, above-average scale and its position within a mature, stable area. While its assessed value is strong for the city overall, it presents a more accessible price point within its own desirable neighbourhood, suggesting solid value. This property would suit buyers looking for a turnkey family home with ample room, who prefer a settled community over a brand-new development. It’s a practical choice for those who value space and neighbourhood character, and who understand that a home ranking highly in city-wide comparisons can still offer relative value on its own street.
Key Questions for Buyers
1. How does this home’s value compare within Linden Ridge?
While the home ranks in the elite top 2% city-wide for living space, its assessed value is in the top 20% within Linden Ridge. This indicates you get a significant amount of house for the neighbourhood's price bracket, which can be a marker of good value.
2. What does the sale history suggest about the property’s market performance?
The home sold in the $650k-$700k range in both 2019 and 2021. This price stability through different market conditions suggests a well-anchored value without volatile swings.
3. Is the lot size typical for the area?
At 6,737 sqft, the lot is slightly smaller than the Linden Ridge average but is still above the city-wide average. It offers a balanced yard space that is manageable without being excessive.
4. What might the "around average" year built mean for a buyer?
Built in 2004, the home is neither old nor new. This often means major components like the roof, windows, and HVAC systems are potentially mid-life, so a thorough inspection is wise, but it also avoids the quirks of much older homes or the premium for a new build.
5. Who would this home not suit as well?
Buyers seeking a brand-new, low-maintenance property or a very large, estate-sized lot might find better options elsewhere. It’s ideally suited for those who appreciate a home with established landscaping and a known community footprint.