Property Overview: 85 Lannoo Drive, Ridgedale, Winnipeg
Key Characteristics, Appeal & Target Buyer
This 1995-built two-storey home in Ridgedale is defined by its generous scale and established presence. Its most compelling features are the substantial, nearly 18,000 sqft lot and the spacious 2,878 sqft of living area, which includes a finished basement. These dimensions place it in the top tier of Winnipeg homes for size. The property’s rankings highlight its unique position: it offers more interior space and land than the vast majority of homes across the city, yet it resides in a neighborhood where such larger properties are more common, providing a balanced setting. Its appeal lies in offering room to grow, privacy, and the value of a well-sized family home on a premium lot, without the premium of a brand-new build. The finished basement and attached garage add practical, day-to-day functionality.
This home would ideally suit a growing or multi-generational family seeking space above all else, or a buyer looking for a long-term home with ample room for gardens, recreation, and potential future additions. It also represents a solid opportunity for those who value established neighborhoods with mature landscaping and are comfortable with the maintenance and character that come with a home of this age and scale.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings show how this home compares to others in its immediate street, the wider Ridgedale community, and all of Winnipeg. For example, being in the top 2% of Winnipeg for lot size and top 1% for living space underscores its exceptional scale relative to the entire market.
2. Is the basement included in the 2,878 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The basement is noted as "finished" separately, meaning it provides additional, comfortable living space that is not reflected in the primary square footage figure.
3. What does the "Assessment Value" of $1.113 million represent?
This is the municipal property assessment for taxation purposes, not the market price. It is a key data point indicating the city's appraisal of the property's value relative to others, but the final sale price is determined by the current market.
4. Given the home is 31 years old, what should I consider?
While the home offers tremendous space, a buyer should factor in the potential for age-related updates. Systems like the roof, HVAC, windows, and major appliances may be nearing or past their typical lifespans and should be inspected. This is a trade-off for acquiring a larger property at this price point.
5. How does the lot size impact the property experience?
A lot of nearly 18,000 sqft is a rare find in the city. It offers significant privacy, space for large gardens, play areas, or outdoor entertaining, and a general sense of openness. However, it also entails considerable maintenance for landscaping, snow removal, and general upkeep, which is an important practical consideration.