Property Overview: 125 Ridgedale Crescent
Key Characteristics & Appeal
This property is defined by its substantial scale and established presence in the Ridgedale area. The key feature is the exceptionally large, approximately one-acre lot (42,300 sqft), which places it in the top tier of properties in Winnipeg for land size. The two-storey home, built in 1981, offers generous living space (2,549 sqft) that is well above average for the city. It includes a finished basement and an attached garage.
The appeal lies in the rare opportunity for space and privacy within the city. The lot provides immense potential for gardening, recreation, or future expansion. The home’s ranking data indicates it is a standout property in terms of lot size, living area, and assessed value within its community and across Winnipeg, suggesting a solid and premium market position. It would best suit buyers looking for a long-term family home where outdoor space is a priority over new construction, and who appreciate the character and mature setting of an established neighbourhood. A thoughtful perspective is that while the house itself is from the early 80s, the value is fundamentally anchored in the land—a finite commodity in the city. This makes it a property for visionaries who see the existing home as a comfortable foundation, with the land itself representing the core long-term asset.
Frequently Asked Questions
1. What is the neighbourhood like?
Ridgedale is a mature, established neighbourhood in Winnipeg. The wide lots and crescent setting typically offer a quiet, residential feel with a strong sense of privacy.
2. Is the lot usable, or is it heavily treed/ sloped?
While specific topography should be verified with a viewing, the very high ranking for lot size suggests a highly usable and substantial property compared to typical city lots. A site visit is essential to understand its exact layout and potential.
3. What should I know about a home built in 1981?
Homes from this era may feature layouts and materials different from new builds. A thorough inspection is recommended to assess the condition of major systems like roofing, windows, and the furnace, which may be nearing or past typical service life, presenting both considerations and opportunities for updates.
4. How does the assessed value relate to the listing price?
The municipal assessment of $984,000 is a tax valuation and a strong market indicator, placing the home in the top 1% of Winnipeg. However, the final sale price is determined by current market conditions and buyer competition.
5. What are the main advantages compared to a new build?
The primary advantages are the immense, established lot that cannot be replicated in new subdivisions, mature trees and landscaping, and an often more generous interior room sizing. The trade-off is typically a floorplan that may feel more compartmentalized than modern open-concept designs.