This property is a substantial, classic two-storey home built in 1943, situated on an exceptionally large lot of over 16,000 square feet in Winnipeg's Ridgedale area. Its appeal lies in the rare combination of generous interior space (nearly 3,000 sqft of finished living area) and expansive outdoor grounds within the city, offering a private, estate-like feel. The home features a finished basement and a combination attached/detached garage.
It would best suit buyers who value space and privacy over modern finishes, and who have the vision or resources to update a character home. It's ideal for a growing family seeking room to play and entertain, or for someone looking for a project with tremendous underlying value in its land and square footage. The data suggests a compelling proposition: while the house itself is older, its lot size and living area are in the top tier of the entire city, indicating a property with significant inherent value.
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What is the true value proposition here? The data highlights a clear story: this property ranks in the top 1-2% in Winnipeg for both lot size and living area, but its assessed value is in the top 20%. This significant gap suggests the potential lies in the sheer scale of the land and home, with the understanding that updates may be needed to realize its full market value.
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What should I expect with an 83-year-old home? While the basement is finished, major original systems (like plumbing, electrical, roof, and insulation) may be nearing or past their typical lifespan. A thorough inspection is essential to budget for necessary updates, which should be seen as an investment in preserving a spacious, solidly built home.
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How does the "ranking" data work? The rankings compare this property to others on its street, in Ridgedale, and across all of Winnipeg. For example, being newer than only 18% of Winnipeg homes confirms its vintage, but being larger than 99% of them underscores its unique offering. It's a tool to gauge rarity and context.
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What are the benefits of such a large lot? Beyond privacy, the 16,279 sqft lot offers unparalleled potential for gardening, adding recreational structures like a sport court or workshop, or even future subdivision, subject to city zoning approvals. It's a rare canvas for outdoor living.
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Who might this property not suit? Buyers seeking a move-in-ready, modern home with no projects may find the scope daunting. Similarly, those sensitive to higher potential heating costs or who prefer a low-maintenance property might want to consider the ongoing commitment a home of this age and size requires.