Property Overview
39 Ridgebury Place is a well-established home in Winnipeg's Linden Woods neighbourhood. Built in 1990, it sits on a generous 6,199 sqft lot. With 1,897 sqft of living space and a city-wide assessed value that ranks in the top 13%, it presents a specific value proposition. Its appeal lies in offering above-average space and lot size for the city within a sought-after area, yet at an assessed value that is notably below the local neighbourhood average. This creates an opportunity for buyers seeking a foothold in a premium community without the typical premium price tag. It would particularly suit value-conscious buyers, such as young families or downsizers, who prioritize location and lot size over a newer build or the largest home on the street, and who see potential in a home that may benefit from updates.
Frequently Asked Questions
1. Is this a good value for Linden Woods?
The data suggests it is. While its living area and assessed value are below the Linden Woods average, its city-wide rankings are strong. This indicates you are paying less for the location while still getting a home that is spacious compared to most in Winnipeg.
2. What does the sale history tell us?
The home sold previously in 2016 and 2021. The price increase between those sales aligns with broader market trends. Requesting the exact sold prices can provide a clearer picture of its specific appreciation rate.
3. The home is 36 years old. What should I consider?
A 1990 build means major components like the roof, windows, and HVAC system are likely at or beyond their typical lifespan. A thorough inspection is essential, but this also means the home may offer more classic, solid construction than newer builds.
4. How does the lot size compare?
The lot is above average for its immediate street and for the city overall, but around average for Linden Woods. This means you get a very good-sized yard by general standards, providing space for gardens or recreation.
5. Why is the assessed value lower than the neighbourhood average?
A lower assessment relative to nearby homes can be due to several factors, including the home's specific condition, layout, or features compared to more recently renovated properties on the street. It often signals an opportunity but also suggests the interior may require modernization.