Property Overview & Key Characteristics
This 1975-built bungalow in Ridgedale offers a rare combination of space and established charm on a large, approximately 14,238 sqft lot. Its key appeal lies in its generous, private land size, which ranks within the top 2% of all properties in Winnipeg, providing exceptional outdoor potential. The home features 1,613 sqft of living space, including a finished basement, and is positioned as a solid, move-in-ready property in a mature neighbourhood.
Its primary draw is for buyers seeking a spacious, single-level home with significant yard space for gardening, recreation, or future expansion. It suits families or downsizers looking for main-floor living without sacrificing room to breathe, and practical buyers who value a large lot over a newer build. A thoughtful perspective is that this property represents an opportunity in established neighbourhoods where land of this size is increasingly scarce; it offers more inherent long-term value and flexibility than a newer home on a standard lot. The rankings indicate it's a competitively sized home on a premier-sized parcel, suggesting its land is its most compelling asset.
Frequently Asked Questions
1. What is the true significance of the lot size rankings?
The data shows the lot size is exceptional, outperforming 98% of Winnipeg properties. This isn't just a big yard; it's a uniquely large canvas for privacy, landscaping, or potential future additions like a garage or garden suite (subject to bylaws).
2. The home was built in 1975. What should I consider?
While the structure is mature, the finished basement adds liveable space. A pre-purchase inspection is especially recommended to assess the condition of major systems (roof, wiring, plumbing) common to homes of this era, and to identify any updates that may be needed.
3. How does the assessment value relate to the asking price?
The municipal assessment of $461,000 is a tax valuation snapshot from a prior date and may not reflect current market value. It's a useful data point, but the listing price is determined by current market conditions, recent comparable sales, and the seller's terms.
4. What does the "finished basement" entail?
The listing confirms the basement is finished but does not specify the extent, layout, or if it includes a separate entrance. It's important to view the space to understand its condition, ceiling height, and how it integrates with the home's overall layout.
5. The rankings show mixed results for "neighbourhood" metrics. What does this mean?
The home ranks very high for lot size but lower for factors like age and assessment within Ridgedale. This suggests the neighbourhood has a mix of newer, higher-value homes and established properties like this one. It highlights that this property's value proposition is specifically its land, rather than being a newer or top-assessed home in the area.