Property Overview: 215 Laurel Ridge Drive
Key Characteristics & Appeal
This 1,850 sqft home, built in 2004, sits on a generous 7,506 sqft lot in Linden Ridge. Its primary appeal lies in its strong value proposition and above-average positioning within its market. While the living space is comfortably sized and typical for the immediate street, the property truly stands out in its assessed value, which ranks in the top 7% locally and an elite top 2% city-wide. This suggests a perceived quality or desirability that outpaces many peers. The lot size is also notably larger than most on its street and across Winnipeg.
The home would suit practical buyers looking for a solid, established property in a mature neighbourhood without compromising on space. It’s ideal for someone who values a larger yard and a home with a strong assessment foundation, potentially indicating good long-term value retention. It may particularly appeal to those who prioritize lot size over having the largest house on the block, offering room for outdoor living or gardening.
Frequently Asked Questions
1. What does the "elite" city-wide assessed value ranking mean?
It indicates this home’s official assessed value is higher than about 98% of all properties in Winnipeg. This often reflects a combination of lot size, location, building quality, and market conditions, suggesting it is a substantial asset compared to the broader market.
2. How does the living area compare to nearby homes?
At 1,850 sqft, it is slightly below the average for both Linden Ridge and its own street. This means the home offers ample space for most families, but the appeal here is balanced more toward the lot size and value assessment rather than maximizing interior square footage.
3. The home sold between $850k-$900k in 2022. What is its likely value today?
We provide the exact historical sold price upon request via email. Current market value would depend on present conditions, updates made since 2022, and recent comparable sales, which should be evaluated with a real estate professional.
4. Is the 2004 build date a concern?
Not typically. A 2004 build means major components like the roof, windows, and HVAC system are potentially nearing or within their typical replacement window. A thorough inspection is advised to understand the condition and any upcoming maintenance.
5. Why is the lot size highlighted as a key feature?
The lot is over 7,500 sqft, which is above average for the street and the city. This provides more private outdoor space than many newer properties, a valuable and less replaceable feature than interior finishes.