Property Overview
175 Ridgedale Crescent is a distinctive two-storey home situated on an exceptionally large, private lot of over 1.3 acres in Winnipeg's Ridgedale area. Built in 1983, the nearly 3,100 sqft home features a finished basement and a rare in-ground swimming pool. Its standout characteristic is its significant scale and established presence, ranking in the top 1% of Winnipeg homes for both lot size and living area. The property’s appeal lies in its unique combination of generous indoor space, expansive outdoor grounds for recreation or gardening, and a sense of seclusion within the city. It is ideally suited for a buyer seeking a legacy property—perhaps a multi-generational family, an entertainer, or someone who values ample room for hobbies, pets, or future expansion more than a brand-new build. A thoughtful perspective is that while the home is 43 years old, it represents an opportunity to own a substantial parcel of land, a commodity that is increasingly scarce in urban settings, offering potential that transcends the current structure.
Key Details & FAQs
Key Characteristics & Ideal Buyer
This is a property defined by its space and established stature. The nearly 60,000 sqft lot provides remarkable privacy and room to roam, complemented by a pool for leisure. The home itself offers substantial square footage across multiple levels. Its rankings indicate it outperforms the vast majority of local properties in size and assessed value, signaling a premium, top-tier offering in the market. The appeal is for those who prioritize land and volume over a turn-key modern finish, seeing value in the canvas the property provides. It would best suit buyers looking for a long-term family compound, who are comfortable with a home of this vintage and may have plans to renovate or customize over time to match its impressive grounds.
Frequently Asked Questions
1. What is the true significance of the lot size?
At over 1.3 acres, the lot is exceptionally large for Winnipeg. It offers unparalleled privacy, space for extensive landscaping, gardens, outdoor activities, or even the potential for future additions (subject to zoning).
2. The home was built in 1983. What should I consider?
While the structure is sound and spacious, a home of this age will likely have original or older major systems (roof, windows, HVAC). A thorough inspection is crucial to understand the condition and plan for any updates or maintenance.
3. Who is the typical buyer for this property?
This property suits buyers seeking a "land value" play and generous space rather than a modern, low-maintenance home. It's ideal for large families, multi-generational living, avid entertainers, or those with hobbies requiring significant outdoor or indoor workshop space.
4. What are the implications of the high assessed value?
An assessed value of $1.425M places this property in a premium tax bracket. Prospective buyers should budget for correspondingly high annual property taxes.
5. How does the pool factor into the property's value and upkeep?
The in-ground pool is a luxury amenity that enhances summer enjoyment and entertainment value. However, it requires dedicated seasonal maintenance, insurance considerations, and ongoing operating costs, which are important factors in the overall cost of ownership.