Property Summary: 57 Lannoo Drive
Key Characteristics & Appeal
This is a spacious, well-established two-storey home in Ridgedale, built in 1994 on a large, approximately 11,650 sqft lot. Its primary appeal lies in its generous scale and mature setting. With over 2,500 sqft of finished living space, including a developed basement, it offers ample room for a growing or multi-generational family. The property stands out for its lot size, ranking in the top 4% of all Winnipeg homes, providing significant outdoor space and privacy that is harder to find in newer subdivisions.
Its value proposition is one of established comfort and space over new construction. The home suits buyers looking for a long-term family home where the major components are settled, and the large yard is a ready-made playground or garden canvas. It would particularly appeal to those who prioritize indoor and outdoor square footage and a quiet, mature neighbourhood over a brand-new, move-in-perfect finish. The very high city-wide rankings for lot size, living area, and assessed value indicate a property that is a substantial and above-average offering within the Winnipeg market.
Frequently Asked Questions
Q: The home was built in 1994. What should I be aware of with a house of this age?
A: Homes from this era are often past the point of early-build settling but are now entering the period where major components may need attention or updating. A thorough inspection is crucial to assess the condition of the roof, windows, HVAC system, and any original appliances. The good news is that the core structure is well-established, and systems are typically standard and repairable.
Q: The lot is huge. What are the benefits and responsibilities?
A: The large lot offers exceptional privacy, space for additions like a deck or shed, and room for kids and pets to play. The trade-off is greater maintenance—more lawn to mow, garden beds to manage, and potentially higher water costs for keeping it green. It's a fantastic asset for those who enjoy gardening or outdoor living, but a consideration for those seeking low-maintenance landscaping.
Q: How should I interpret the various ranking percentages provided?
A: These show how this property compares to others. For example, ranking in the top 2% for living area in Winnipeg confirms its exceptional size. However, ranking in the top 56% for age on its street means it's one of the older homes on the block. This mix suggests a neighbourhood of similarly valued, established homes, with this one standing out for its sheer scale.
Q: The assessed value is quite high. What does this mean for property taxes?
A: A higher assessed value generally leads to higher municipal property taxes, as taxes are calculated as a percentage of this value. While the assessment indicates the city's view of its worth, it's wise to budget for taxes commensurate with a higher-value home in Winnipeg.
Q: The basement is developed. How does this affect the living space?
A: A finished basement effectively adds usable square footage for recreation, guests, or a home office. It's important to check the quality of the finish, ceiling height, moisture control, and whether permits were pulled for the work. A well-done basement adds significant functional space to an already large home.