Property Overview & Key Characteristics
This property is a classic two-storey home built in 1957, situated on an exceptionally large, mature lot of over 32,000 square feet in Winnipeg's Ridgedale neighbourhood. Its primary appeal lies in the rare combination of a spacious 2,500 sqft house on a private, park-like parcel of land within the city. The home itself ranks highly for its living area and value relative to its surroundings, though it is an older property with an unfinished basement and no garage.
It would best suit a buyer who prioritizes land and privacy above modern turn-key finishes. This could be a family seeking space for children and pets to play, a homeowner with a vision for extensive landscaping or gardens, or someone looking for a solid, spacious house with the long-term potential to customize both the interior and the expansive outdoor space. The buyer should be prepared for the maintenance and updates typical of a home of this vintage.
Frequently Asked Questions
1. What are the main advantages of such a large lot?
Beyond privacy and space, a lot of this size offers significant future potential. It provides ample room for additions, a large detached garage or workshop, or intricate landscaping that wouldn't be possible on a standard lot. It also ensures lasting privacy from neighbours.
2. The house is from 1957. What should I expect?
You can expect solid construction and generous room sizes, but also likely updates to major systems (like electrical, plumbing, and insulation) over time. The unfinished basement presents both a project and an opportunity to create exactly the space you need.
3. There's no garage. Is adding one feasible?
Given the vast lot size, adding a garage or even a sizable outbuilding is very feasible from a space perspective. Any buyer should budget for this and investigate specific City of Winnipeg zoning bylaws and setback requirements for the property.
4. How does the property's age affect its value and rankings?
The data shows a clear story: while the home ranks in the bottom third for its age (meaning many nearby homes are newer), it ranks in the top tier for lot size, living space, and assessed value. This indicates the market highly values the land and the home's overall footprint, outweighing the age factor.
5. The 2019 sale price is close to the current assessment. What does this indicate?
It suggests a stable and strong valuation history in a premium segment of the market. The assessment and recent sale price being aligned provides a grounded benchmark, indicating the property has held its value well in a category defined by its unique, large-lot characteristics.