Property Overview: 55 Ritchie Street, Winnipeg
Key Characteristics & Appeal
This home at 55 Ritchie Street in Mandalay West presents a practical and well-positioned offering. Built in 1986, it sits comfortably within the average age range for its immediate street and neighborhood. Its key characteristic is efficient space: the 1,013 sqft living area is notably above average for Ritchie Street itself, suggesting a home that makes good use of its footprint compared to direct neighbors. The assessed value of $340k is around the average for the street and city-wide, indicating a fair market positioning.
The appeal lies in its established community context and relative value. It suits first-time buyers or downsizers looking for a manageable size in a mature neighborhood without a premium price tag. A thoughtful perspective is that while the lot size is smaller than many in Winnipeg overall, it is quite typical for Mandalay West, offering lower maintenance—a potential draw for those seeking a simpler yard. The home’s strongest metrics are on its own street, suggesting it might represent a solid choice within this specific, familiar locale rather than standing out in the broader city market.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,013 sqft, the living area is actually above average for houses directly on Ritchie Street, ranking in the top 18% of 45 local properties. This means it offers more interior space than most of its immediate neighbors.
2. Is the assessed value in line with the area?
Yes. The $340,000 assessment is around the average (top 33%) for Ritchie Street and also aligns closely with the city-wide average for comparable homes.
3. What is the land size, and is it typical?
The lot is 2,999 sqft. This is around average for Ritchie Street but below the average lot size for both the Mandalay West neighborhood and Winnipeg as a whole. This typically translates to less outdoor maintenance.
4. When was it last sold, and for what price?
The home sold in 2022. The exact sale price is not publicly listed, but data shows a range of CA$350,000–$400,000. The current assessed value of $340k falls within that historical range.
5. How can I get the exact historical sale prices?
The listing service offers to provide exact sold prices via email upon request. They state this is done manually and they aim to reply by the end of the same day, without using your email for unsolicited marketing.