Property Overview: 3 Cherry Ridge Lane, Linden Ridge, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 3 Cherry Ridge Lane is a well-sized, early-2000s property situated in Winnipeg's Linden Ridge neighbourhood. Its primary appeal lies in its balance of above-average citywide space and value within a quiet, established suburban setting.
Key Characteristics:
- Living Space: At 2,286 sqft, the living area is notably spacious compared to the Winnipeg average, placing it within the top 5% citywide. It offers ample room for family living.
- Value & Lot: The assessed value is substantial and ranks within the top 3% citywide, reflecting a premium property. The lot size of 6,734 sqft is above the city median, providing good outdoor space, though it is on the smaller side for its immediate street and neighbourhood.
- Context: Built in 2004, the home is newer than most in Winnipeg but is one of the older homes on its own block. Its metrics suggest it is a solid, established property on its street—not the largest or newest, but consistently above average in core categories like size and value when viewed from a broader perspective.
Ideal Buyer Profile:
This property would suit buyers looking for a move-in ready, spacious family home in a mature suburb. It appeals to those who prioritize interior square footage and citywide elite rankings in value and living area over having the largest lot on the block. It’s a fit for someone seeking a established neighbourhood character without an older, high-maintenance property.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its last sale price?
The home sold in the range of $650k-$700k in 2021. Its current assessed value of $74.40k (note: this appears to be a truncated figure; typical Winnipeg assessments are in the hundreds of thousands) suggests significant appreciation. For the exact historical sold price, you can request the information directly via the listing page.
2. Is the lot size a drawback?
While the yard is above the citywide average, it ranks below average for Linden Ridge and Cherry Ridge Lane specifically. Buyers seeking extensive outdoor space for gardening or recreation may find it adequate but not expansive. It likely represents a lower-maintenance yard compared to larger lots in the area.
3. What does the "older home on the street" ranking mean?
Built in 2004, this home is newer than about 85% of Winnipeg homes. However, on its own street, it ranks in the top 80%, meaning most neighbours' homes were built later. This isn't necessarily negative—it indicates the home is part of the original phase of the street's development, possibly on a prime lot, with any neighbourhood teething issues long resolved.
4. How does Linden Ridge compare to the wider city?
The data shows homes in Linden Ridge generally have larger lots and are more valuable than the Winnipeg average. This property’s elite citywide rankings in value and living area confirm it as a premium offering, even if it is more average within the high-standard context of its own neighbourhood.
5. Where can I see more detailed neighbourhood comparisons?
A dedicated neighbourhood analysis page is available for this property, allowing you to map it alongside nearby homes and compare details like year built, living area, and lot size in a visual format. A link is provided on the listing detail page.