Property Overview & Appeal
This 1979 two-storey home in Ridgedale sits on a large, nearly 9,000 sqft lot, offering a classic layout with a finished basement and attached garage. Its primary appeal lies in its generous scale and established setting. With nearly 2,000 sqft of living space, it ranks within the top 10% of Winnipeg homes for size, providing ample room for a growing or multi-generational family. The lot size is also a significant asset, offering substantial outdoor space for recreation, gardening, or future expansion in a mature neighbourhood.
The property presents a compelling value proposition. While its assessed value is modest for the area, the home's size and lot rank highly city-wide, suggesting solid fundamentals. It would suit practical buyers looking for space over flash—those who value a large yard and room to grow, and are comfortable with a home from the late 70s that may require personalization or updates. It's a home for someone who sees potential in a solid structure and a prime piece of land, rather than a turn-key modern finish.
Frequently Asked Questions
1. What do the rankings actually mean?
They show how this property compares to others in its immediate street, the wider Ridgedale community, and all of Winnipeg. For example, ranking in the top 10% city-wide for living size means it's larger than 90% of Winnipeg homes, a key strength.
2. Is the finished basement included in the 1,965 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, adding functional space like a rec room or extra bedrooms.
3. The home is 47 years old. What should I budget for?
While systems like roof, windows, and furnace may have been updated, a home of this age warrants a thorough inspection. Budgeting for potential updates to plumbing, electrical, or insulation is prudent.
4. How does the assessment value relate to the likely selling price?
The municipal assessment is for tax purposes and can differ from market value. The current assessment suggests a baseline, but the large lot and living space are strong market drivers that often command a premium.
5. What is the neighbourhood feel of Ridgedale?
Ridgedale is a mature, established neighbourhood with larger lots and a mix of classic home styles. It offers a quiet, residential feel while being within Winnipeg, appealing to those seeking space and stability over a brand-new development.