Property Overview: 59 Ocean Ridge Drive, Linden Ridge
Key Characteristics & Appeal
This home presents a compelling mix of space, prestige, and land. Its nearly 2,000 sqft of living area is comfortably above the Winnipeg average, offering ample room for a family. The true standout, however, is the property's elite 12,494 sqft lot—a rarity that ranks in the top 3% citywide, providing exceptional outdoor potential and privacy within the city.
The appeal lies in its position as a premium property within a premium neighbourhood. With an assessed value placing it in the top 1% of Winnipeg and the top 5% within desirable Linden Ridge, it carries significant prestige. While the 2002 build is slightly older than some neighbours, it remains well above the city's average home age. This isn't just a house; it's a substantial land holding in an established, high-value area. It would perfectly suit buyers for whom lot size and long-term value are primary drivers—growing families seeking space for pools, gardens, or additions, or those looking for a secure, top-tier investment in a mature community.
Frequently Asked Questions
1. How does the home’s value compare to nearby sales?
Based on available data, it last sold for between $850k-$900k in 2016. Its current assessed value of $1.12M suggests significant appreciation and reinforces its standing in the top tier of area properties.
2. Is the house outdated given its 2002 build year?
While it is slightly older than the immediate street average, a 2002 build is still a relatively modern home, especially compared to Winnipeg's city-wide average where many homes are decades older. It likely offers a solid foundation with potential for cosmetic updates.
3. What does the "Elite" ranking for land area actually mean?
It means this property's lot size is larger than approximately 97% of all residential properties in Winnipeg. On Ocean Ridge Drive itself, it ranks 3rd largest out of 34 homes. This is its most distinctive and rare feature.
4. The living area is ranked "around average" for the street. Is that a concern?
Not necessarily. It indicates the home is in line with the generous sizing typical of Ocean Ridge Drive. The home's value is driven more by its exceptional lot and premium assessed value than by having the absolute largest floor plan on the block.
5. Why is the assessed value so much higher than the last sold price?
The assessed value reflects the city's current valuation for tax purposes, influenced by market trends, the home's condition, and, crucially, the immense value of its large lot. The increase from its 2016 sale price highlights the strong market growth for premium properties in Linden Ridge over the past decade.