Property Overview
15 Bishop’s Lane is a spacious, well-established family home in Winnipeg’s Ridgedale neighborhood. Built in 1970, this two-storey sits on a large, approximately 10,361 sqft lot and offers 2,464 sqft of living space, including a finished basement. It features an attached garage and no pool. The home’s key appeal lies in its generous proportions, both indoors and out, providing room to grow and privacy that is increasingly rare. Its standout characteristic is its exceptional ranking for size and value among all Winnipeg homes, placing in the top 3-6% for living area and assessed value citywide. This suggests a property that offers significant space for its market price.
The home would best suit buyers looking for a long-term family residence who value space over new construction. It’s ideal for those who want a large yard, room for renovations or additions, and a home with established character in a mature neighborhood. It’s less suited for those seeking a modern, turn-key property or a low-maintenance lifestyle, given its age and likely corresponding upkeep.
A thoughtful perspective: while its rankings within its immediate street and community are more moderate, its city-wide standing is outstanding. This indicates you are acquiring a property that is a major asset by broader Winnipeg standards, offering a compelling value proposition when viewed against the entire market, even if it is a more typical home for its specific area.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others in its immediate street, the Ridgedale community, and all of Winnipeg. For example, being in the top 6% of Winnipeg for lot size means 94% of city properties have a smaller lot. It’s a quick way to gauge how key features stack up competitively.
2. The home was built in 1970. What should I consider?
While the home offers exceptional space, its age means prospective buyers should pay close attention to the condition of major systems (roof, windows, plumbing, electrical, HVAC) during an inspection. The finished basement should also be checked for signs of moisture. Budgeting for updates and maintenance is prudent.
3. How significant is the large lot size?
A lot over 10,000 sqft in the city is a substantial asset. It provides privacy, space for gardening, play, or future additions like a deck or shed. It also likely contributes significantly to the property's assessed value and long-term appreciation potential.
4. The community ranking for "newness" is low. Is that a concern?
This simply confirms Ridgedale is a mature, established neighborhood. This often brings benefits like large lots, mature trees, and settled community feel, but typically means homes are older on average. It’s a trade-off between character and potential update needs.
5. Why are the street and community rankings lower than the city-wide ones?
This is an insightful detail. It suggests that Bishop’s Lane and the Ridgedale area may consist of similarly large, valuable properties. So, while this home is exceptional city-wide, it fits right in with its immediate peers. You’re buying into a consistently high-caliber street and neighborhood.