Property Overview: 62 William Marshall Way
This well-established two-storey home in Ridgedale presents a compelling opportunity for buyers seeking space, a mature setting, and solid value. Built in 1996, it sits on a generous 7,201 sqft lot and offers over 2,100 sqft of finished living space, including a developed basement. The home features an attached garage and ranks highly for its above-average lot size and significant living area compared to most of Winnipeg.
Key Characteristics & Appeal
The primary appeal of this property lies in its established footprint and practical layout. The large lot provides ample outdoor space for gardening, recreation, or future expansion, a notable advantage in today’s market. With a finished basement, the home offers flexible space for a growing family, a home office, or entertainment. Its value is underscored by a high assessed value relative to the city, suggesting a solid investment in a stable neighborhood.
This home would suit buyers looking to move into a mature community without sacrificing indoor and outdoor space. It’s ideal for a family that appreciates room to grow, a DIY enthusiast who sees potential in a home with good bones, or a value-conscious buyer seeking more square footage for their budget compared to newer builds. A less obvious perspective is its appeal to those who prefer a home with established landscaping and neighborhood character, avoiding the wait for trees and community amenities to mature.
Frequently Asked Questions
1. What is the neighborhood like?
Ridgedale is a mature, established community in Winnipeg. The property’s rankings indicate it is on a street with mostly larger, older homes, offering a quiet, settled atmosphere.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its configuration and compliance with local regulations if considering rental income.
3. How does the assessed value relate to the likely selling price?
The assessment of $702,000 is for municipal tax purposes. The actual market price will be influenced by current conditions, buyer demand, and the home’s specific features and condition.
4. What might the "rankings" mean for future value?
The high rankings for lot size and living area suggest the property has intrinsic assets that typically hold value well. However, its lower ranking on the street for assessed value could indicate an opportunity or reflect factors like updates needed.
5. What are the considerations for a 30-year-old home?
While offering established charm and space, a home of this age will likely require proactive maintenance or updates to major systems like the roof, windows, or HVAC. A thorough inspection is essential.