Property Overview & Key Characteristics
This spacious two-storey home in Ridgedale sits on a large, quiet cul-de-sac lot. Built in 1994, its primary appeal lies in its generous proportions, both indoors and out. With nearly 2,820 sqft of living space and a fully finished basement, it offers ample room for a growing or multi-generational family. The lot size of nearly 12,000 sqft is a standout feature, placing it in the top tier of properties in Winnipeg for outdoor space, ideal for gardening, recreation, or future expansion.
Its value is underscored by strong and consistent market performance. Recent sales data shows significant appreciation, with a sale price of $920,000 in early 2025, well above its current assessed value. The home ranks in the top 1-4% of Winnipeg for lot size, living area, and recent sale value, indicating it is a premium property within the market.
This home would best suit buyers looking for established, spacious family living in a mature neighbourhood. It appeals to those who prioritize indoor and outdoor space over brand-new construction and appreciate a home with a proven track record of value growth. It’s a solid choice for buyers seeking a "forever home" with room to grow, or for those who see long-term value in one of the city's larger residential lots.
Frequently Asked Questions
Q: The home sold for significantly more than its assessed value in 2025. What does this indicate?
A: This typically indicates strong buyer demand for this specific property, likely driven by its large lot and spacious interior. It suggests the market values these features higher than the municipal assessment, which can lag behind current market trends.
Q: How does the 1994 build year factor into consideration?
A: Homes from this era often offer more traditional architecture and robust construction, but major components like the roof, windows, and HVAC systems may be nearing or due for updates. A thorough inspection is advised to budget for any upcoming maintenance.
Q: The lot is exceptionally large. What are the pros and cons?
A: The primary pro is immense privacy and potential for landscaping, pools, or additions. The con is the corresponding maintenance—lawn care, snow clearing, and gardening all require more time, equipment, or cost to outsource.
Q: The rankings show it's newer than only 43% of homes on its street. Is that a concern?
A: Not necessarily. It simply means the street has a mix of older and newer homes. In a mature neighbourhood like Ridgedale, this is common and can contribute to varied architectural character and established greenery.
Q: With such high rankings city-wide, is there room for future value growth?
A: While past performance is strong, its already-premium position means future growth may align more closely with the overall high-end market rather than outpacing it dramatically. The value is likely sustained by its scarcity (large lots) rather than speculative potential.