Property Overview: 69 Laurel Ridge Drive, Linden Ridge
Key Characteristics & Appeal
This well-situated family home at 69 Laurel Ridge Drive presents a compelling blend of space, modernity, and value within Winnipeg's Linden Ridge neighbourhood. Built in 2003, the 1,850 sqft residence sits on a 6,057 sqft lot. Its core appeal lies in its strong city-wide positioning—the living area is above the Winnipeg average, and the assessed value places it within the top 5% of all city properties for value, suggesting a solid foundation of municipal valuation relative to its potential price.
The home’s character is best understood through comparison. On its own street and within Linden Ridge, its metrics for size, lot, and value are generally average to slightly below average for the area, indicating it is among the more modest and potentially accessible properties in this desirable community. This creates a unique proposition: you acquire a home in an established, sought-after neighbourhood, but one that may offer more manageable scale and upkeep than its larger neighbours. It last sold between $550k-$600k in 2020.
This property would suit practical-minded buyers seeking entry into a mature suburb without the footprint of a maximized lot. It’s ideal for a young family or downsizers who value the Linden Ridge location and community amenities but prefer a home that isn't the largest on the block. The above-average city-wide stats hint at a efficient use of space that delivers more home than what’s typical across Winnipeg, just within a neighbourhood of even larger properties.
Frequently Asked Questions
1. How does this home’s value compare to others in Linden Ridge?
The assessed value is below the Linden Ridge average, ranking in the bottom 20% for the neighbourhood. This often indicates a more modestly sized or configured property compared to others in the area, which can represent a value-driven entry point into the community.
2. Is the lot size a drawback?
At just over 6,000 sqft, the lot is smaller than most in Linden Ridge but is still above the Winnipeg city average. It offers sufficient private outdoor space for gardening or recreation while likely reducing maintenance time and costs compared to larger lots nearby.
3. What does the “Top 5% city-wide” assessed value ranking mean?
This means the home’s municipal assessed value is higher than approximately 95% of all residential properties in Winnipeg. It doesn’t dictate market price, but it strongly suggests the city views it as a substantial asset compared to the broader market, which can be a positive indicator for long-term value.
4. The home sold in 2020. What can that price tell me?
The last known sale price range ($550k-$600k) provides a historical benchmark from five years ago. Market conditions have likely changed since, but it offers a starting point for understanding the property’s previous market position and price trajectory.
5. Who would this home not suit?
Buyers seeking a premier, largest-in-the-neighbourhood lot or maximum square footage within Linden Ridge might find better options. It’s also not a historic or character home, being built in 2003, so those seeking classic architectural details may look elsewhere.