Property Summary: 229 Ridgedale Crescent
Key Characteristics & Appeal
This property is a spacious, two-storey home built in 2001, situated on a very large, mature lot of over 15,600 square feet in Winnipeg's Ridgedale area. Its key appeal lies in the combination of generous indoor and outdoor space. With over 2,100 square feet of living area and a finished basement, it offers ample room for a growing or multi-generational family. The home’s standout feature is its exceptional lot size, which ranks in the top 2% of all properties in Winnipeg, providing rare potential for privacy, gardening, recreation, or future expansion.
The home suits buyers looking for established character in a well-regarded neighbourhood, who value substantial yard space over a brand-new build. It’s ideal for those seeking a "blank canvas" on a premier lot—a home where the underlying land value is a significant asset. The strong rankings for lot size and assessed value suggest a property with solid foundational equity in a desirable location. It would particularly appeal to a buyer who envisions making gradual updates to the interior while enjoying one of the city's larger residential plots from day one.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in its community, and across all of Winnipeg. For example, ranking in the top 2% for lot size in Winnipeg means the property is larger than 98% of homes in the city, highlighting the land as a major feature.
2. Is the house outdated since it was built in 2001?
Built 25 years ago, the home is not historic but is part of a mature neighbourhood. It likely offers modern room layouts and infrastructure, but kitchens and bathrooms may reflect early-2000s styles. The data shows it ranks as newer than 80% of Winnipeg homes, positioning it as a relatively modern structure on a very established lot.
3. Who would benefit most from the large lot size?
Beyond gardeners or those wanting space for children and pets, the lot is a significant asset for anyone valuing long-term privacy and distance from neighbours. It also offers potential for additions like a large deck, workshop, or pool, subject to local bylaws.
4. How should I interpret the assessment value?
The municipal assessment of $657,000 is used for calculating property taxes and indicates the city's valuation of the property. It is a data point for comparison, not a market price. Its high ranking (top 5% in Winnipeg) reinforces the property's substantial value within the city's inventory.
5. The street-level ranking for living area is lower. Does that mean the house is small for the street?
Not necessarily. It indicates that on a street with very large properties, the home's interior size is more average, while its lot size is exceptional. The focus here is on the balance of a comfortable home on a premier piece of land.