Property Overview & Key Characteristics
This 1970 bi-level home at 1092 Charleswood Road sits on a large, approximately 10,444 sqft lot in Winnipeg's Ridgewood South neighbourhood. Its primary appeal lies in the combination of established, spacious grounds and a renovated basement, offering a solid foundation for comfortable living. The attached garage and generous lot size, which ranks highly within the wider city, provide practical value.
The home would suit a buyer looking for a property with room to grow outdoors, perhaps a gardener, a family seeking play space, or someone who values a larger parcel in an established area over a newer build. It presents a notable value proposition within its immediate neighbourhood, as its assessed value ranks in the top 6% locally, suggesting it may be priced below many surrounding properties. A thoughtful perspective is that while the home itself is of average size for the street, the standout feature is the land and the financial positioning relative to the area, making it an interesting option for value-conscious buyers or those viewing the property as a long-term hold with land potential.
Frequently Asked Questions
1. How does the age of this home compare to others nearby?
Built in 1970, this home is older than many in Ridgewood South, where a significant number of properties are much newer. However, its building year is still newer than about two-thirds of the other homes directly on Charleswood Road itself.
2. What does the assessed value ranking indicate?
The assessed value of $40,400 ranks in the top 6% for the neighbourhood, meaning it is lower than approximately 94% of other properties in Ridgewood South. This can indicate a potentially competitive asking price relative to the area.
3. Is the lot size a significant feature?
Yes. At over 10,000 sqft, the lot is substantially larger than average, ranking in the top 7% within the neighbourhood and the top 5% citywide. This is one of the property's most distinguishing assets.
4. What should I know about the "renovated basement"?
The listing confirms the basement is renovated, but specifics on the scope, quality, permits, or finished square footage are not provided here. This would be a key area for detailed inquiry during a viewing.
5. How does the living space compare?
At 1,386 sqft, the living area is above average for the immediate street and ranks in the top 11% for the broader Ridgewood South neighbourhood, offering comfortable space for a bi-level layout.