Property Overview
This one-storey home at 172 Ridley Place in Winnipeg's Crestview neighbourhood presents a practical and updated living space. Its key appeal lies in being a well-maintained, move-in-ready property with a renovated basement, offering functional space on a manageable lot. The home's living area is notably above average for both its immediate street and the Crestview area, providing more interior space than many comparable properties. While the house itself is older (built in 1961) and the lot size is slightly smaller than some neighbours, this is balanced by its recent sale price performing around the middle of the market, suggesting it was seen as fairly valued. The detached garage adds utility.
It would suit first-time buyers or downsizers looking for a single-level layout in a stable neighbourhood without a major renovation project. The updated basement adds valuable flexible space for a growing family, a home office, or a recreation room. A thoughtful perspective is that its above-average interior space against a slightly smaller lot could be ideal for those who prioritize living area over extensive yard maintenance.
Frequently Asked Questions
Is the basement renovation permitted and finished to a living standard?
The listing confirms the basement is renovated, but specifics on finish quality, permits, or ceiling height should be verified with the seller or a viewing.
How does the assessed value relate to the recent sale price?
The home last sold for $330,000 in August 2023. Its assessed value for tax purposes is significantly lower ($35,600k), which is typical, as municipal assessments are not intended to reflect market value and often lag behind current sale prices.
What does the older build year mean for a buyer?
Built in 1961, the home is older than most on its street. This necessitates a focus on the condition of major aging components like the roof, plumbing, electrical, and foundation during an inspection, though the renovated basement suggests some updates have been made.
Is the lot size a disadvantage?
At just under 5,500 sq ft, the lot is smaller than many on Ridley Place. This means less yard maintenance but also less private outdoor space. It may be a positive for those seeking a lower-maintenance property.
How does this home compare to others in Crestview?
The data shows this home offers more living space than about 82% of comparable homes in Crestview, but on a smaller-than-average lot. It sits in a solid, middle range for the area in terms of recent sale price.