Property Overview
168 Falcon Ridge Drive is a well-established home in Winnipeg's Linden Ridge neighbourhood. Built in 2004, it offers 1,883 sqft of living space on a 6,736 sqft lot. The home presents a compelling value proposition, particularly when viewed within the wider city context. While its size and assessed value are fairly typical for its immediate street and area, they rank significantly above average citywide. This suggests you're acquiring a property that holds a strong competitive position in the broader market while being situated in a consistent, mature neighbourhood. Its appeal lies in this blend of solid local standing and exceptional citywide value. It would suit practical buyers looking for a turnkey home in a settled community without paying a premium for a newer subdivision, as well as value-oriented purchasers who understand the long-term advantage of owning a property that outperforms most of the city in key metrics.
Frequently Asked Questions
How does this home’s value compare to the rest of Winnipeg?
Its assessed value places it in the top 3% citywide, meaning it outperforms 97% of comparable properties in Winnipeg. This indicates a strong underlying value foundation relative to the entire market.
Is the living space smaller than other homes in Linden Ridge?
Yes, the living area is below the average for Falcon Ridge Drive itself and slightly below the average for the broader Linden Ridge area. However, it remains above the citywide average, indicating the neighbourhood generally features larger homes.
What does the sold price history tell us?
The home sold between $650,000 and $700,000 in 2021. This sale price was in the top 3% citywide at the time, reinforcing the pattern of strong market performance seen in the assessed value.
How does the lot size compare?
The lot is just under a quarter-acre and is larger than the average citywide lot. It is slightly smaller than the average lot in Linden Ridge but is typical for homes on its own street.
Why is the year built (2004) considered "above average" citywide?
The average comparable home citywide was built in 1966. A 2004 build date means this home is significantly newer than most of Winnipeg's housing stock, offering more modern construction standards and likely requiring less immediate upkeep than much older homes.