Property Summary: 220 Ridgedale Crescent
Key Characteristics & Appeal
This is a spacious, well-established family home in Winnipeg's Ridgedale neighborhood, built in 1970. Its primary appeal lies in its generous, mature lot of nearly 14,000 sqft—a rare find that places it in the top 3% of Winnipeg for land size. The property offers a two-storey layout with 1,715 sqft of living space and a finished basement, providing ample room for a growing household.
The home’s standout feature is its significant equity position and strong market standing. With a current assessed value of $607,000 and a notable history of value appreciation (a $200,000 increase since 2018), it represents a stable and substantial investment. Its appeal is further bolstered by its ranking within the top 7% of Winnipeg homes by assessed value. This property would best suit buyers looking for a long-term family home with a large, private outdoor space, who also value the stability of a home with proven, solid growth in a mature community. It’s a home for those who see value in land and established neighborhoods over newer construction.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The 13,975 sqft lot is exceptionally large, surpassing 97% of all residential properties in Winnipeg. It offers uncommon potential for gardening, recreation, or future expansion.
2. What does the home’s ranking in various categories indicate?
The rankings show the property is a standout for its land size and assessed value city-wide, while being more average in terms of age and living space within its immediate neighborhood. This suggests you're buying into a prime lot in a well-established area.
3. Has the property’s value been stable?
The consistent appreciation from $367,000 in 2018 to a $568,000 sale in 2020 and a $607,000 current assessment indicates strong, stable growth over recent years.
4. Is the neighborhood considered desirable?
The data shows that within the Ridgedale community, this property ranks in the top third for land size and top half for value, indicating it is positioned well within a sought-after area.
5. What is the significance of the finished basement?
A finished basement adds valuable flexible living space, which is not reflected in the official 1,715 sqft living area figure, effectively increasing the usable square footage of the home.