Property Summary: 130 Ridgedale Crescent
Key Characteristics & Appeal
This is a spacious, well-established family home situated on an exceptionally large, half-acre lot in Winnipeg's Ridgedale neighborhood. Built in 1976, the two-storey home offers 2,275 sqft of living space and features a finished basement and an attached garage. Its primary appeal lies in its significant land size—at nearly 21,000 sqft, the property ranks in the top 1% for lot size across Winnipeg, offering rare potential for privacy, gardening, expansion, or recreation. The home itself is larger than 95% of Winnipeg houses, providing ample room for a growing or multi-generational family.
While the structure itself is 50 years old, its value is anchored in the irreplaceable land and generous square footage. It suits buyers looking for a long-term family home where the lot is as much a feature as the house. It would appeal to those who value space over newness, are comfortable with the maintenance of an older home and a large property, and see potential in customizing or updating a solid, spacious structure over time. The strong rankings within its community suggest a desirable and established location.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Ridgedale, and across all of Winnipeg. For example, being in the top 1% for lot size city-wide highlights the rarity of a half-acre property, while the varied rankings for age and value indicate a home that is older than average for the city but offers more space than most.
2. Is the house dated and will it need major updates?
Built in 1976, the home is likely to have features reflective of its era. Buyers should budget for modernizations (like windows, roof, or interior finishes) common for a house of this age, balanced against the value of the large, updated living area and the premium lot.
3. What are the advantages and responsibilities of such a large lot?
The lot provides exceptional privacy, space for activities, and landscaping possibilities seldom found in the city. However, it also means higher costs and effort for lawn care, snow clearing, and general upkeep compared to a standard urban lot.
4. Who would this property not suit?
It may not be ideal for buyers seeking a modern, low-maintenance "turn-key" home or those unwilling to manage the upkeep of both a large house and an extensive property. The value proposition is in the space and land, not in new construction or finishes.
5. How does the assessed value relate to the asking price?
The municipal assessment of $652,000 is a benchmark for property taxes and provides a general indicator of municipal valuation. The listing price will be set by the market, influenced by current demand, the home's condition, and the unique appeal of its large lot.