Property Overview: 152 Ridley Place, Crestview, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Crestview is defined by two standout features: an exceptionally large lot and a renovated basement. With over 15,900 square feet of land, the property ranks in the top 2% locally, offering rare potential for expansion, gardening, or outdoor living. The 1,360 sqft living area is spacious for the neighbourhood, and the updated basement adds functional living space.
Its appeal lies in this unique combination of a generous, private yard with a move-in ready, single-level layout. The home’s assessed value is notably high for its immediate area, suggesting it is a premium property on its street. It would best suit buyers who prioritize land size over a new build, such as those looking for a long-term family home with room to grow, or downsizers seeking single-level living without sacrificing outdoor space. It’s a practical choice for someone who values established neighbourhoods and sees potential in the existing footprint and lot.
Section 2: Frequently Asked Questions
1. How does the large lot impact value and maintenance?
While the lot size is a major asset for privacy and potential, it also means higher property taxes relative to nearby homes and requires more upkeep for landscaping and yard maintenance.
2. Is the home’s 1963 build date a concern?
The year is typical for Crestview. The renovated basement indicates some updates, but a thorough inspection is recommended to assess the condition of major original components like the roof, wiring, and plumbing.
3. How does the detached garage affect winter use?
A detached garage is common for homes of this era. It provides secure storage and parking but requires going outdoors in winter, a consideration for some buyers.
4. The assessed value seems high for the street. Why?
The assessment reflects the home’s above-average living area, renovated condition, and, most significantly, its much larger lot size compared to neighbouring properties, which adds substantial value.
5. What is the neighbourhood like?
Crestview is an established, mature area. The data shows homes here are typically from the 1960s, and this property’s living area and lot size are well above the neighbourhood averages, offering a sense of space that is uncommon in the area.