Property Overview & Appeal
This home at 22 Phantom Ridge Road in Linden Ridge is a well-sized, modern property that offers a strong blend of space and established community living. Built in 2005, it presents as a solid, move-in-ready home without the concerns of an older build. Its key appeal lies in its generous 2,306 sqft of living area, which places it well above the Winnipeg city average, offering ample room for families. The lot, while slightly smaller than others on its street, is still larger than most city-wide, providing good outdoor space without excessive maintenance.
A less obvious strength is its financial positioning. The assessed value suggests the home is not over-leveraged compared to its neighbourhood and city, potentially offering value in a desirable area. It suits buyers looking for a spacious, turn-key family home in a mature suburban neighbourhood, who prioritize interior square footage over the largest possible yard on the block. It’s ideal for those seeking a established community feel with homes of a similar vintage, rather than a brand-new development.
Frequently Asked Questions
How does the lot size compare?
The lot is 6,988 sqft. It is slightly below the average for Phantom Ridge Road itself, but it remains larger than the typical lot across the city of Winnipeg, offering a balanced yard.
Is the home recently updated?
The provided data does not specify recent renovations. The year built (2005) indicates major systems are relatively modern, but interior condition and updates would need to be verified by a viewing or inspection.
What does the sold price history indicate?
Public records show it last sold in 2022 for an estimated $850k–$900k. This suggests strong market interest and establishes a recent benchmark for value in the area.
How does this home rank in the neighbourhood?
The home’s living area is above average for Linden Ridge, while its assessed value and lot size are around the neighbourhood average. This can indicate you are getting more house for a typical price in the area.
Why is the assessed value much lower than the likely market price?
The $73.30k assessed value is for municipal tax purposes only and is not an indicator of market value. Market value, as seen in the 2022 sale price, is determined by recent sales of comparable homes.