Property Overview & Key Characteristics
This home at 75 Ocean Ridge Drive is a substantial property defined by its generous scale and premium positioning within the Winnipeg market. Its primary appeal lies in its significant living space of 3,369 sq ft, which places it in the top tier (top 1%) of homes citywide and within the elite Linden Ridge neighbourhood. This is complemented by a large, private lot of over 11,000 sq ft, offering ample outdoor space that is increasingly rare. While built in 2002, its assessed value of $1.17M strongly outperforms local and city averages, indicating a well-maintained and desirable asset.
The property suits buyers seeking established prestige and space over a brand-new build. It’s ideal for a family wanting room to grow, entertain, and enjoy privacy, or for professionals looking for a home that serves as a long-term investment in a top-ranked area. A thoughtful perspective is that this home offers the "best of both worlds" in its neighbourhood: it’s newer than the Winnipeg average, yet it sits on a mature, spacious lot that newer subdivisions often can't match. Its value metrics suggest it’s not just a large house, but a consistently high-performing property within its competitive peer group.
Frequently Asked Questions
1. How does this home truly compare in size to others?
Its living area is in the 99th percentile for Winnipeg, meaning it's larger than over 99% of homes in the city. Even within the upscale Linden Ridge area, it ranks 2nd out of 316 comparable homes for size.
2. The home was built in 2002. What does that mean for maintenance?
While newer than the typical Winnipeg home (built 1966 on average), a 24-year-old property will likely have seen updates to key systems. Prospective buyers should prioritize inspections of the roof, HVAC, and major appliances to understand the home's current condition and any upcoming capital investments.
3. The lot is noted as "around average" for the street but "elite" citywide. Why?
Ocean Ridge Drive features very large lots. While this property's lot is mid-range for its immediate street, it is still significantly larger than most in Linden Ridge and is in the top 4% of all residential lots in Winnipeg, ensuring exceptional privacy and yard space.
4. What is indicated by the sold price history from 2020?
The home sold for an estimated $1.05M–$1.1M in 2020. The current assessed value of $1.17M suggests solid appreciation in line with or exceeding market trends for premium properties over that period.
5. Who would this property not be ideal for?
It may not suit buyers seeking a ultra-modern, turn-key new build or those wanting a low-maintenance lifestyle without yard upkeep. The scale of the home and lot implies corresponding costs for utilities, maintenance, and property taxes.