Property Overview & Key Characteristics
This 1977-built, single-story home in Ridgedale offers a compelling blend of space, location, and value. Its primary appeal lies in its generous 11,732 sqft lot—a rare find that places it in the top 4% of all Winnipeg properties for land size. The 1,924 sqft living area is also well above average, providing ample room. The home features a full, unfinished basement and an attached garage.
The property suits buyers looking for a long-term family home with significant outdoor space for gardens, play, or future expansion. It's ideal for those who value a quiet, established neighborhood but still want a house with above-average interior space. The strong city-wide rankings for lot size and living area suggest a solid foundation, though the unfinished basement indicates potential for customization. A thoughtful perspective is that this property represents a "blank canvas" on a premium lot; its value is heavily tied to the land and the existing structure's good bones, offering the next owner the chance to finish spaces to their own taste.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is exceptionally large at over 11,700 sqft, ranking in the 96th percentile for Winnipeg. This is a standout feature for privacy, outdoor activities, or future projects.
2. What should I know about the basement?
The basement is full-sized but unfinished. This represents both a cost to complete and an opportunity to design the additional space according to your specific needs without needing to remodel an existing layout.
3. The home was built in 1977. What does that imply?
While the core structure is nearly 50 years old, its rankings show it has been well-maintained with above-average living space for its era. Buyers should budget for updates consistent with its age, but can be confident in its proven, spacious layout.
4. How does the 2020 sale price relate to the current assessed value?
The home sold for $475,000 in mid-2020. The current assessed value is $538,000. This increase reflects market trends and the home's strong underlying attributes, like its lot size, over that period.
5. What type of neighborhood is Ridgedale?
Ridgedale is an established, mature neighborhood. The property's rankings show it is a fairly typical home for the specific community in terms of value and size, but it becomes exceptional when compared to the entire city due to its large lot.