Property Overview: 10 Oakgrove Bay, Ridgedale, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established home in Ridgedale presents a compelling blend of space, location, and value. Its key characteristic is a generous 9,999 sqft lot, providing exceptional outdoor space that ranks in the top 6% of all Winnipeg properties for size. The 2,253 sqft two-storey home, built in 1993, offers ample living area (ranking in Winnipeg's top 5%) and features a finished basement.
The appeal lies in its position as a substantial property within the city. It suits buyers looking for a large yard for family activities, gardening, or future expansion, without being in a far-flung suburb. The home's value is underscored by its assessment and recent sale price, both ranking in the top 3-5% citywide, suggesting a property that has historically held and grown its worth. It would particularly suit a growing family or someone seeking a established neighbourhood with room to breathe, who values land size and interior space over brand-new finishes. A less obvious perspective is that the high city-wide rankings on key metrics indicate this is a property with inherent scarcity—finding a lot this size in Winnipeg is increasingly rare, offering a long-term advantage that newer subdivisions often cannot match.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Ridgedale is a mature, established community. The property's rankings show it is larger and more valuable than most homes in the area, suggesting it is one of the more substantial properties within a diverse neighbourhood.
2. Is there room for expansion or renovation?
The nearly 10,000 sqft lot is a significant asset that could potentially allow for additions, a large garage, or extensive landscaping, subject to city bylaws and permits.
3. Why is there no garage?
Many older homes in established neighbourhoods were built without attached garages. The lot size provides a clear opportunity to add one, which is a key consideration for buyers.
4. How does the 2019 sale price relate to the current assessment?
The property sold for $719,000 in 2019 and is now assessed at $741,000. This indicates stable value growth over that period, consistent with its high city-wide ranking for assessed value.
5. The home ranks lower within its own street for some metrics. Why?
While the property excels city-wide, on its specific street of seven homes, it is older and has a higher assessed value than most. This suggests the immediate block may have a mix of newer, smaller homes or older, more modest ones, making this property a standout in terms of lot and home size on its street.