Property Overview
This 1972-built, single-storey home in Ridgedale offers a practical layout with 1,576 sqft of living space on a notably large 8,121 sqft lot. Its key appeal lies in this generous, private yard—a rare find that provides ample space for gardening, recreation, or future expansion. The home features a connected garage and an unfinished basement, presenting a blank canvas for customization. While the interior is functional, the property’s standout value is its land and location, ranking highly within Winnipeg for lot size.
It would suit a buyer looking for a solid, no-frills home with exceptional outdoor space, whether for a growing family, someone who enjoys gardening, or a long-term investor who values land. It’s also a match for handy purchasers comfortable with gradually updating a home and finishing a basement to their own taste. A less obvious perspective is its potential as a multi-generational living option, where the large lot could accommodate a future secondary suite (subject to zoning approvals).
Frequently Asked Questions
1. How does the lot size compare to typical homes?
The lot is exceptionally large at over 8,000 sqft, ranking in the top 11% of all properties in Winnipeg for size, which is a primary feature of this home.
2. What is the condition of the basement?
The basement is unfinished, offering storage space and the potential for future living space, but it will require a significant investment to develop.
3. Has the property value increased?
The 2021 sale price was $408,000, and the current assessed value is $422,000, indicating stable value retention in recent years.
4. What are the rankings based on?
The provided rankings compare this property to others on its street, in Ridgedale, and across Winnipeg for metrics like lot size, age, living area, and value. They show this home excels in lot size but is older than many city-wide comparables.
5. What type of neighborhood is Ridgedale?
Ridgedale is an established, mature neighborhood. The rankings indicate this home’s lot size is above average for the community, but the home itself is older than about two-thirds of the houses in the area.