This 1969-built home on a large, 8,357 sqft lot in Ridgedale offers a blend of space, established character, and a prime location. Its key appeal lies in its generous proportions—both the 2,208 sqft living area and the lot size rank in the top 10% and 6% of Winnipeg, respectively. The finished basement and in-ground pool add significant functional and leisure value. While it lacks a garage, the property's overall space is a major asset.
The home suits buyers looking for a established, spacious property in a mature neighbourhood, who value room to grow or entertain more than a brand-new build. It would particularly appeal to a family seeking a large yard and pool, or to value-driven buyers who see potential in a solid, well-sized home from a sought-after era, and who may prioritize lot size and interior space over having a garage.
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How does the lack of a garage impact the property?
This is a trade-off for the large lot and living space. Buyers would need to consider on-street parking or the cost and space required to add a garage or carport in the future, which the lot size could potentially accommodate.
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The home is 57 years old. What should I be mindful of?
While the rankings show it's newer than many Winnipeg homes, a pre-purchase inspection is essential. Key systems like roof, plumbing, electrical, and the foundation should be carefully evaluated, as updates may be needed or planned for.
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The assessment and last sale price are very close. What does that indicate?
The 2023 assessment of $653,000 aligns closely with its 2016 sale price of $651,000. This suggests the official valuation has remained stable, but it does not dictate market value. In the current market, the sale price will be determined by recent comparable sales and buyer demand.
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What do the "rankings" actually tell me?
They show how this property compares to its immediate neighbours and the wider city. Notably, it ranks in the top 10% of Winnipeg for both lot size and living area, indicating it's a substantially larger property than most in the city. Its overall value also ranks in the top 5%.
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Is the pool a benefit or a burden?
This depends on the buyer. It's a great private recreational feature for families, but it requires ongoing maintenance, carries safety responsibilities, and adds to seasonal utility costs. Its condition and equipment age should be factored into any offer.