Property Overview: 120 Ridgedale Crescent
Key Characteristics & Appeal
This is a substantial, well-established property in Winnipeg's Ridgedale area, defined by its generous scale and prime lot. The nearly half-acre (20,226 sqft) land parcel is its most commanding feature, placing it in the top 1% for size across Winnipeg and offering exceptional outdoor space and privacy potential. The 3,167 sqft, single-storey bungalow provides significant living area, also ranking in the top 1% citywide. With a finished basement and an attached garage, the home is move-in ready.
Its appeal lies in the rare combination of a large, classic home on an exceptionally large, flat lot—a profile increasingly uncommon in mature neighbourhoods. It suits buyers seeking space above all else, whether for extended family, dedicated hobby areas, or expansive gardens. It’s ideal for those who value privacy and room to grow outdoors, and who appreciate the character and established streetscapes of a 1960s-era community. A thoughtful perspective: while the 1965 build date means future updates are part of the journey, the sheer scale of the lot and living space offers a foundation that cannot be replicated in newer subdivisions, representing a long-term value in land ownership.
Frequently Asked Questions
1. What does the "relative ranking" data mean?
It shows how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, its land size is larger than 99% of Winnipeg properties, indicating a very rare, premium lot.
2. Is the house in need of major updates?
Built in 1965, some systems or interiors may benefit from modernization over time, which is typical for homes of this era. The finished basement and overall good ranking for living space suggest it is functional and well-maintained.
3. Who would this property not suit?
It may not suit those seeking a brand-new, low-maintenance home or a compact, walkable urban lot. The size of the house and, particularly, the land requires a commitment to upkeep and landscaping.
4. How does the assessed value relate to the likely selling price?
The municipal assessment of $595,000 is for tax purposes and provides a baseline. The actual market price will be influenced by current demand, the property's condition, and the unique value of its very large lot, which may command a premium.
5. What are the advantages of a one-storey layout?
The bungalow style offers main-floor living without stairs, which is appealing for aging in place or for anyone with mobility considerations. It also often allows for a more seamless connection to the large backyard.