Property Summary: 217 Ridgedale Crescent
Key Characteristics & Appeal
This is a spacious, well-established two-storey home in Winnipeg's Ridgedale area, built in 1968. Its primary appeal lies in its generous scale and mature setting. The 2,250 sqft living area is larger than 95% of Winnipeg homes, providing ample room for a family. The property sits on a substantial 13,287 sqft lot, offering significant outdoor space that is rare in newer subdivisions. A finished basement and an attached garage add to its functional layout.
The home suits buyers looking for character and space over modern finishes. It's ideal for a family that values large private yards, room to grow, and the established tree-lined feel of a mature neighbourhood. The data suggests it's a "value-hold" property—its lot size and living area rank exceptionally high city-wide, indicating these are enduring assets, even as the building itself ages. It appeals to those who see potential in a solid, spacious foundation and are less concerned with the property being newer or highly updated compared to its immediate neighbours.
Frequently Asked Questions
1. What do the rankings actually mean?
They show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, ranking in the top 3% for lot size in Winnipeg means only 3% of city properties have a larger lot, highlighting a key advantage.
2. The home is 58 years old. What should I consider?
While the structure is sound, a home of this age will likely have original or older major systems (like plumbing, electrical, roof). Budgeting for updates and a thorough inspection are essential. The trade-off is the established neighbourhood and lot size that newer homes rarely offer.
3. How does the assessment value relate to the asking price?
The municipal assessment of $566,000 is for tax purposes and reflects a mass appraisal from a past date. It's a useful benchmark but doesn't dictate market value. The actual sale price will be determined by current market conditions, the home's specific condition, and buyer demand.
4. Is the lot size a benefit or a burden?
It's a major benefit for privacy, gardening, play space, or future expansion. However, it also means higher maintenance (like lawn care and landscaping) and potentially higher property taxes compared to homes on standard lots.
5. The home ranks lower within its own street and community for some metrics. Why?
This indicates the immediate area may have a mix of even larger, newer, or more recently renovated homes. It suggests this property could be a more accessible entry point into a desirable, established neighbourhood, with the upside coming from its standout city-wide rankings for space.