Property Overview
This 1970-built bungalow on a large 8,134 sqft lot in Ridgedale presents a classic and practical homeownership opportunity. Its key appeal lies in its generous, private lot size—a standout feature that places it in the top 11% of all Winnipeg properties for land area. The home offers 1,269 sqft of living space with a finished basement and an attached garage, providing a functional layout for everyday living. While the house itself is of average size and age for its area, its true value is grounded in the potential of its substantial, established lot.
This property would suit a buyer looking for a solid, no-frills home in a mature neighbourhood, with a focus on outdoor space over modern interior finishes. It’s ideal for those who value privacy and room for gardens, play, or future expansion more than being in a newly built or recently renovated home. The rankings suggest it’s a competitively sized home on a notably large parcel, appealing to a practical buyer who sees long-term value in the land.
Frequently Asked Questions
1. What is the neighbourhood like?
Ridgedale is a well-established, mature neighbourhood in Winnipeg. The streets are typically quiet, with a mix of long-time residents and younger families. The large lot sizes, as seen with this property, are a common and desirable feature.
2. Is the basement a legal suite?
The listing states the basement is finished, but it does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the current configuration and necessary permits with the city.
3. How does the assessment value relate to the asking price?
The municipal assessment is $332,000. It’s important to note that assessed value for taxes often differs from market value. The asking price will be set by the seller based on current market conditions, recent comparable sales, and the home's specific features.
4. What are the implications of the home’s age (built in 1970)?
A home of this age may have original components, like windows, roof, or major systems, that are nearing or past their typical lifespan. A thorough inspection is recommended to budget for potential updates, but the construction of this era is often known for its solid foundation and livable floor plans.
5. The lot is large, but how is it oriented and shaped?
The listing doesn’t specify the lot’s orientation (e.g., backyard facing south for sun) or exact dimensions. Reviewing the map/street view or visiting in person is crucial to understand how the sun moves across the property, where mature trees are located, and how the shape of the lot affects its usability and privacy.