Property Overview
This 2004-built, single-storey home in Ridgedale offers a blend of space, modern age, and established comfort. Its key appeal lies in its generous 8,205 sqft lot and a well-proportioned 2,087 sqft of finished living space, including a developed basement. The home ranks highly city-wide for both lot size (top 10%) and overall assessed value (top 2%), indicating a property that stands out in terms of scale and market perception. Its 2022 sale price of $850,000, above the current assessment, suggests strong buyer demand for this type of home in recent years.
It particularly suits buyers looking for single-level living without sacrificing room to grow, whether for a family or for hosting. The very new construction ranking within its own neighbourhood (top 3%) is a less obvious advantage, meaning it’s a relatively modern home in an established area, likely requiring less immediate upkeep than older peers. This property would fit a buyer who values a large, private yard and a move-in-ready layout, and who is comfortable with a premium price point for a home that outperforms most of the Winnipeg market in key metrics.
Frequently Asked Questions
Q: How does the lot size compare to typical properties?
A: Exceptionally well. At over 8,200 sqft, the lot size is larger than 90% of properties in Winnipeg, offering significant outdoor space.
Q: The home sold for $850,000 in 2022, but the assessment is lower. Why?
A: Municipal assessments for tax purposes often lag behind current market values and are calculated using mass appraisal techniques. The recent sale price is a stronger indicator of its market value at that time.
Q: Is the neighbourhood older or newer?
A: The home itself is relatively new for the area (built in 2004), ranking newer than 97% of homes in Ridgedale. This suggests you get a modern home within a mature, established community.
Q: What does the ranking for living area mean?
A: While the home has ample space (over 2,000 sqft), its living area is more common when compared directly to its immediate neighbours. Its appeal is bolstered by the combination of this space with a much larger-than-average lot and modern construction.
Q: Are there any obvious drawbacks based on the data?
A: The data shows the living space is less distinctive within its own street and neighbourhood context. Buyers should consider if the layout and interior finish align with the premium lot and value, ensuring the home's interior meets their expectations for a property at this price point.