55 Laurel Ridge Drive

Property Overview: 55 Laurel Ridge Drive, Linden Ridge

Key Characteristics & Appeal

This home presents a compelling blend of above-average interior space and a modern build within a well-established Winnipeg neighbourhood. With 2,393 sqft of living area, it ranks in the top 16% on its own street and an elite top 4% city-wide, offering significantly more room than the typical Winnipeg home. Built in 2005, it is newer than most homes in the city, potentially reducing immediate renovation needs. The assessed value places it in the top 3% city-wide, indicating a premium valuation that aligns with its size and age.

The appeal lies in this "move-in ready" scale and modernity for a buyer seeking space without an older home's upkeep. It suits growing families or professionals who prioritize generous, contemporary living areas over a large yard, as the lot size is more modest compared to others in Linden Ridge. A thoughtful perspective is that this property represents efficient use of space; the value is concentrated in the home itself rather than the land, ideal for those who prefer low-maintenance outdoor areas. It would also suit a value-conscious buyer looking for a home that stands out statistically in the broader Winnipeg market, not just its immediate area.

Frequently Asked Questions

1. How does the lot size compare?
The land area is 6,057 sqft, which is below average for both Laurel Ridge Drive and the wider Linden Ridge area. This suggests a home-focused property with a more manageable yard.

2. What do the sold prices indicate about value?
The home sold in the $750k-$800k range in 2022 and $600k-$650k in 2020. This history shows significant appreciation and confirms its positioning in the upper tier of the market.

3. Is the assessed value a reliable indicator of the selling price?
The assessed value is $74.40k (a provincial calculation for tax purposes), which is not the market value. The actual sold prices are far higher, as shown in the history. Market value is determined by recent sales of comparable homes.

4. Who would this home not suit?
It may not be the best fit for buyers seeking a very large, private yard or those looking for the largest lot on the block. The data indicates the home's strengths are its interior space and modern construction.

5. How can I get the exact sold price?
The exact sold price is not publicly listed. You can request it by email through this listing page; the service is manual with a same-day reply aim and no unsolicited marketing.