Property Overview
3 Phantom Ridge Road is a spacious, modern home in Winnipeg's Linden Ridge neighbourhood. Built in 2007, its nearly 3,000 sq ft of living space places it among the larger homes locally, ranking in the top tier for size both in the immediate area and city-wide. The home sits on a 7,262 sq ft lot, which is generous by city standards but slightly smaller than others on its street. Its assessed value is notably high, ranking in the top 1% across Winnipeg, indicating a premium property. Recent sales data suggests a market value in the range of $1.1M to $1.15M.
Key Characteristics & Appeal
The primary appeal of this property lies in its combination of modern construction, substantial interior space, and a prestigious location. It is not just a large home, but a comparatively new one for its calibre, offering contemporary infrastructure without the premium often associated with brand-new builds. Its elite city-wide rankings for both living area and assessed value signal a home that stands out in the broader market for its quality and scale.
This home would best suit buyers who prioritize space and modern amenities, potentially growing families or professionals seeking room for a home office or entertainment. It appeals to those looking for an established, high-value property in a desirable neighbourhood, who may prefer a home that is move-in ready without requiring updates. A less obvious perspective is its appeal to value-conscious buyers in the premium segment; the data suggests you get a top 1% home by assessed value without necessarily paying a top 1% price relative to the recent sale range, indicating potential relative value within its tier.
Frequently Asked Questions
1. How does the lot size compare?
While the lot is above the Winnipeg average, it is slightly below the average for Phantom Ridge Road itself. This suggests the property’s value is driven more by the home's size, modern age, and finishings than by extensive outdoor space.
2. What does the "Elite" or "Top 1%" ranking mean?
These rankings compare the home against all other properties in Winnipeg for specific metrics. For example, its living area and assessed value are higher than over 99% of homes city-wide, confirming its status as a premium property.
3. The home sold recently. Why is only a price range shown?
Exact sold prices in Manitoba are not publicly available through standard listings. The provided range is based on public data analysis. The precise sale price can be requested directly from the site, which manually verifies the figure.
4. Is a 2007-built home considered modern?
Yes, especially in context. The home is newer than 99% of properties in Linden Ridge and 87% of homes across Winnipeg, where the average house was built in 1966. This means major systems like roofing, windows, and HVAC are likely in good condition with modern standards.
5. How stable is the value in this area?
The home’s assessed value is in the top 8% for its street and neighbourhood, and the top 1% city-wide. This consistent high ranking across different geographic scales suggests a strong and established value foundation within a desirable area.