Property Summary: 20 Fairway Place, Ridgedale, Winnipeg
Key Characteristics & Appeal
This is a substantial, well-established family home on a large, private lot in the Ridgedale neighbourhood. Its key features include a spacious 2,472 sqft two-storey layout, a fully finished basement, an in-ground pool, and an attached garage. Built in 1977, the home sits on over a quarter-acre of land (11,564 sqft), offering significant outdoor space—a rarity in the city.
The appeal lies in its combination of space, privacy, and established setting. The property ranks in the top tier for lot size, living area, and assessed value compared to most of Winnipeg, indicating it's a premium offering. The pool and expansive yard create a true backyard oasis for summers. It suits buyers looking for a "move-in ready" family home with room to grow and entertain, who value a quiet, mature neighbourhood over a brand-new build. It’s ideal for those who appreciate the character and generous proportions of a home from this era, and who have the means to maintain a larger property and pool.
A less obvious perspective is the home's strong standing within its immediate area. While its size ranks highly city-wide, its rankings within its own street and community are more varied, suggesting it's a standout property on a street of other substantial homes—a sign of a consistently desirable locale.
Frequently Asked Questions
1. What is the neighbourhood like?
Ridgedale is a mature, established neighbourhood in Winnipeg. The large lot sizes and ranking data suggest a quiet, spacious area with a mix of well-kept older homes.
2. Are there any concerns with a house built in 1977?
As with any home nearly 50 years old, a thorough inspection is essential. Key systems like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan and should be evaluated. The pool equipment will also require careful assessment.
3. How does the assessed value relate to the asking price?
The municipal assessment is $715,000, which places the home in the top 3% of Winnipeg for assessed value. This is a strong baseline, but the final sale price will be determined by current market conditions, the home's specific state of upkeep, and buyer demand.
4. What are the ongoing costs for a property like this?
Beyond the mortgage, buyers should budget significantly for utilities to heat and cool a 2,500 sqft home, property taxes commensurate with the high assessment, and the seasonal maintenance and insurance costs associated with a large yard and an in-ground pool.
5. Is the finished basement included in the total living area?
Typically, municipal living area (sqft) calculations do not include below-grade space, even if finished. The 2,472 sqft likely refers to above-ground living space only. The finished basement provides additional, valuable living area not reflected in that primary figure.