Property Overview: 140 Ridgedale Crescent
Key Characteristics, Appeal & Ideal Buyer
This property is a classic two-storey home built in 1974, situated on an exceptionally large, private lot of approximately 18,818 square feet in Winnipeg's Ridgedale neighborhood. Its primary appeal lies in the rare combination of generous indoor living space (2,614 sqft) and expansive outdoor grounds, offering significant potential for customization. The home features a connected garage and an unfinished basement, presenting a blank canvas for future expansion.
Its standout characteristic is its impressive scale relative to the market. The lot size ranks in the top 2% of all Winnipeg properties, providing a level of privacy and space for gardens, recreation, or future additions that is increasingly uncommon within the city. While the home itself is from the 1970s and may benefit from updates, the sheer volume of space—both inside and out—is its defining asset. This property would best suit a buyer who values land size and long-term potential over immediate move-in perfection. It’s an ideal match for a family seeking room to grow, a hobbyist or gardener craving outdoor space, or a visionary buyer looking for a solid structural base on a premier lot to shape into their dream home over time.
Frequently Asked Questions
1. What does the ranking data (e.g., "top 2% in Winnipeg") actually mean?
This data compares the property's specific metrics (like lot size or living area) against all other listed homes in its reference area. For example, being in the "top 2% for lot size in Winnipeg" means its land parcel is larger than 98% of other residential properties in the city, highlighting its rarity and a key competitive advantage.
2. The house was built in 1974. What should I consider?
As a home from the 1970s, prospective buyers should budget for potential updates to major systems like roofing, windows, plumbing, or electrical to meet modern standards and efficiency. The unfinished basement also presents both an opportunity for customization and a consideration for development costs.
3. Is the large lot mostly usable space, or does it include a ravine or steep grade?
While the listing confirms the total square footage, it's highly recommended to view the property in person or study the street view closely. A lot of this size may have variations in grade, mature trees, or specific zoning bylaws that affect where structures can be placed, which influences its usable space.
4. What are the implications of having an unfinished basement?
This provides excellent storage and significant future potential to add living space, a rental suite (subject to zoning and permits), or recreational areas. However, it means those areas are not currently livable and completing them would require a substantial investment.
5. The assessment value is noted at $607,000. How does this relate to the listing price?
The assessed value is used by the municipality for calculating property taxes and is not a direct indicator of market value. The listing price is set by the seller based on current market conditions, the home's specific features, and recent comparable sales. The two figures can often differ.