Property Overview
This spacious two-storey home in Ridgedale is defined by its generous proportions and established setting. Built in 1993, it sits on a large, nearly 10,000 sqft lot and offers over 2,750 sqft of finished living space, including a developed basement. Its key appeal lies in the rare combination of ample interior room and expansive outdoor space within the city, a balance that is increasingly hard to find. The property’s competitive rankings highlight its standout features: its living area and lot size place it in the top tier of homes across Winnipeg, suggesting significant space for both living and future potential.
The home would suit buyers looking for a long-term family home with room to grow, where the value is in the physical space and land rather than modern finishes. It’s also a compelling prospect for those who appreciate an established, mature neighborhood where the yard itself is a major asset for gardening, recreation, or simple privacy. A less obvious perspective is that a home of this vintage and size offers a clear canvas; while it may require updates over time, it avoids the premium price of a new build while providing a solid, spacious foundation to customize.
Frequently Asked Questions
1. What is the significance of the property rankings?
The rankings compare this home to others on its street, in Ridgedale, and across all of Winnipeg. They objectively show where this property excels, particularly in living space and lot size, where it ranks in the top 1% and 7% city-wide, respectively.
2. Is the basement included in the 2,756 sqft living area?
Typically, the main and upper floor finished areas constitute the official "living area." The basement is listed separately as "finished," meaning it provides additional usable space beyond the reported 2,756 sqft.
3. What might the assessment value indicate?
The municipal assessment of $784,000 is used for calculating property taxes. It is an official valuation but often differs from market value. It can be a useful benchmark, showing the home is assessed in a high percentile city-wide, but the final sale price is determined by the current market.
4. Given the age of the home, what should I anticipate?
A 33-year-old home will likely have had several major components, like the roof, windows, or HVAC system, replaced. A key question for the seller or a home inspector would be the age and condition of these major updates, as planning for future replacements is part of responsible ownership.
5. How does the lot size benefit a buyer?
At nearly a quarter-acre, the lot is a substantial feature. Beyond simple yard space, it offers greater privacy from neighbors, room for additions like a deck or shed, and valuable flexibility that smaller, newer lots often lack. This is a long-term asset that can’t be easily added to a property later.