Property Overview & Key Characteristics
This 1970-built, one-storey home in Ridgedale sits on a generous 7,310 sqft lot, offering a well-established setting. Its key appeal lies in the combination of a spacious, private yard and the practical, single-level living provided by its 1,267 sqft layout, which includes a finished basement. The home presents a grounded opportunity in a mature neighbourhood.
Its primary draw is the balance of space and manageability. The large lot is a significant asset for gardening, recreation, or future expansion, while the one-storey design suits those looking to avoid stairs. The finished basement adds valuable flexible space for a family room, home office, or guests. The property’s value is further underscored by its strong city-wide rankings for lot size, placing it ahead of 85% of Winnipeg homes.
This property would best suit practical buyers seeking a long-term home with room to grow outdoors without the upkeep of a massive house. It’s ideal for small families, empty-nesters, or first-time buyers who prioritize yard space over a brand-new build and appreciate the character of an established area. It’s a home for those who see potential in solid foundations and value space over flashy updates.
Frequently Asked Questions
1. What is the neighbourhood like?
Ridgedale is a mature, established community with a mix of long-time residents and newer families. The wide boulevards and large lots contribute to a quiet, spacious feel, though the home's specific street ranking indicates it is on the higher-density end within its immediate area.
2. Is the home outdated?
Built in 1970, the home will likely require modernization to suit contemporary tastes. Buyers should budget for updates, but the single-level floor plan and finished basement offer a highly functional and adaptable layout that is a strong starting point.
3. How does the assessment value relate to the asking price?
The municipal assessment is $372,000, which serves as a tax valuation benchmark, not a direct market price. The asking price will reflect current market conditions, the home’s specific features, and any recent upgrades not captured in the assessment.
4. What are the advantages of a large, older lot?
Beyond privacy and space, older lots in established areas often have mature trees and landscaping that can’t be replicated quickly. They may also have more flexible zoning or expansion possibilities compared to newer subdivisions, though any changes would require due diligence and permits.
5. Why are the community rankings for size and value lower than the city-wide rankings?
This indicates that Ridgedale, as a whole, consists of homes with larger lot sizes and higher values on average. So, while this property stands out positively across Winnipeg, it is more typical within its own desirable neighbourhood context—a sign of a consistent and established area.