Property Summary: 67 Bishop's Lane, Winnipeg
Key Characteristics & Appeal
This property is a distinctive, one-storey home in Ridgedale, built in 1988. Its most defining feature is the exceptionally large, 56,000 sqft lot, placing it in the top 1% of all properties in Winnipeg for land size. The home itself offers a generous 2,415 sqft of living space, which ranks within the top 3% city-wide, and includes a finished basement and an attached garage.
The appeal lies in a rare combination of space, privacy, and established value. It's not just a house on a big lot; it's a property with the scale to offer true seclusion, potential for extensive landscaping, gardens, or outdoor amenities, while still being part of a established community. The home's assessment value ranks in the top 5% of its neighborhood and the top tier city-wide, indicating a recognized premium value.
This home would best suit buyers who prioritize land and space over a brand-new build. It’s ideal for someone seeking a private retreat, a family wanting room to grow and play, or a buyer who sees value in the long-term potential and stability offered by a large, well-ranked parcel of land in the city. It appeals to those who understand the value of an established, sizable property versus a newer home on a standard lot.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Ridgedale, and across all of Winnipeg. For example, being in the top 1% for lot size in Winnipeg means it's larger than 99% of other residential properties, highlighting its rarity and a key source of its value.
2. Is the house itself modern, or will it need updates?
Built in 1988, the home is nearly 40 years old. While it offers generous space, buyers should anticipate that some systems, finishes, or the kitchen and bathrooms may benefit from modernization to suit contemporary tastes, even if they are functionally sound.
3. What are the implications of such a large lot?
Beyond privacy, a lot of this size (over an acre) means higher potential property taxes, significant maintenance (lawn care, gardening, snow clearing), and offers unique opportunities like adding a substantial workshop, pool, or even future subdivision potential, subject to city bylaws.
4. How does the finished basement factor into the living space?
The 2,415 sqft living area includes the finished basement. It's important to clarify the above-ground versus below-ground square footage to understand the main floor's layout and how the basement is configured (e.g., as a rec room, separate suite, or additional bedrooms).
5. Why is the "year built" ranking lower than the others?
While the lot and home size rank exceptionally high, its 1988 build date is more common. This indicates the premium is driven by the sheer scale of the land and house, not by being a new construction. It reflects an established, mature property.