Property Overview & Key Characteristics
This home at 63 Ocean Ridge Drive in Linden Ridge presents a compelling mix of space, value, and established neighbourhood living. Its primary appeal lies in its generous proportions, both indoors and out. With over 2,000 square feet of living space, the home is larger than most in Winnipeg, and its lot size of nearly 13,000 square feet is a true standout, offering rare outdoor space and privacy for the area. Built in 2002, the property is newer than the vast majority of city homes, yet it sits on a mature, tree-lined street.
The assessed value of $1.17M places it among the top tier of homes locally, a position reinforced by its recent sale history. This isn't a starter home; it's a property for those seeking established comfort. It would best suit buyers who prioritize ample room for a family, value a large, private yard, and appreciate an investment in a home that holds significant value relative to its neighbours and the wider city. It’s for someone who wants the feel of a premium property without necessarily being in the very newest subdivision.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
Its assessed value is in the top 15% on Ocean Ridge Drive, ranking 5th out of 34 homes. This indicates it is considered one of the more valuable properties on an already desirable street.
2. Is the lot size unusual for Winnipeg?
Yes. The land area is in the top 3% citywide, meaning it's significantly larger than the average Winnipeg lot (approx. 6,570 sq ft). This is one of the property's most distinctive features.
3. The home was built in 2002. Is that considered old?
Context matters. While it's not a new build, it is newer than about 83% of all homes in Winnipeg. It offers the benefit of modern construction standards while being in a well-established neighbourhood with mature landscaping.
4. What does the sale history tell us?
The home sold in 2019 for between $850k-$900k and again in 2022 for $1.3M-$1.35M. This trajectory suggests strong appreciation and sustained high demand for properties with these characteristics in Linden Ridge.
5. Are the property taxes likely to be high?
Given its elite assessment value ranking (top 1% citywide), the municipal property taxes will be correspondingly high. Buyers should budget for a tax bill commensurate with a top-tier Winnipeg property.