Property Overview: 11 Castle Ridge Drive, Linden Ridge
Key Characteristics & Appeal
This home presents a compelling blend of spacious, modern living within a well-established neighbourhood. Its primary appeal lies in its generous 2,799 sqft living area, which ranks within the top 5% of Linden Ridge and the top 2% city-wide, offering significantly more interior space than the average Winnipeg home. Built in 2006, it is a relatively newer property on its street and within the broader area, suggesting modern construction standards and potentially lower immediate maintenance needs.
The assessed value of $820,000 positions it as an above-average home in Linden Ridge but an average one on its own prestigious street. This creates an interesting dynamic: you are acquiring a large, modern home that is competitively priced within its immediate peer group. The lot size is more compact (7,355 sqft) compared to others on Castle Ridge Drive, which translates to less yard maintenance but also a slightly different streetscape presence.
This property would ideally suit buyers who prioritize interior space and modern build quality over expansive outdoor grounds. It’s a strong fit for growing or multi-generational families needing ample room, or professionals who value a prestigious address and a home that stands out in terms of square footage city-wide, without the upkeep of one of the neighbourhood's largest lots.
Frequently Asked Questions
1. How does the value compare to recent sales?
The home sold in the $900,000-$950,000 range in 2022. Its current assessed value of $820,000 is a municipal assessment for tax purposes and is typically below market value. The 2022 sale price provides a more relevant benchmark for its market worth.
2. Is the lot size a disadvantage?
It depends on your priorities. The lot is smaller than many on the same street but is still above the city-wide average. It means less yard maintenance and landscaping cost, but may offer less privacy or room for extensive outdoor amenities compared to immediate neighbours.
3. What does the "top 2% city-wide" ranking for living area really mean?
This statistic highlights that this home is larger than approximately 98% of all homes in Winnipeg. It underscores the rarity of this much interior space on the market, making it a standout feature for those who need or desire substantial room.
4. Why is the assessed value only "around average" on its own street?
This indicates that Castle Ridge Drive is a street of consistently high-value homes. While $820,000 is a significant value, several neighbouring properties have even higher assessments, reflecting factors like larger lots, more recent renovations, or premium views.
5. How can I get the exact historical sale price?
The exact sale prices are not publicly displayed due to local regulations. You can request the precise figures by emailing the listing service via the provided button. They provide this data manually as a courtesy and do not use the request for marketing spam.