Property Overview & Key Characteristics
This is a spacious, two-storey family home built in 1967, situated on a large, private lot in Winnipeg's Ridgedale neighbourhood. Its primary appeal lies in the generous scale of both the land and living space. With nearly 1,800 sqft of finished living area and a lot size over 8,300 sqft, it offers room to grow and breathe—a combination that is increasingly rare. The home features a finished basement and an attached garage.
The property's standout characteristic is its competitive positioning within the broader Winnipeg market. It ranks within the top 15% of the city for both lot size and living area, meaning it offers more space than the vast majority of homes available. This makes it particularly suited for buyers who prioritize yard space for children, gardening, or pets, and who need ample indoor living area, but may not require a brand-new build. It’s a practical choice for a growing family or someone looking for a long-term home with established neighbourhood character and the potential to add personal value over time. A thoughtful perspective is that while the home itself is from the 1960s, the sheer size of the lot provides a timeless asset and future flexibility that newer subdivisions often cannot match.
Frequently Asked Questions
1. How does the home’s age affect its value and condition?
Built in 1967, the home is well-established. Buyers should budget for updates consistent with its era, but the significant lot size and living space are permanent, highly valued assets that often appreciate independently of the structure's age.
2. The rankings show it's newer than only 14% of homes in Ridgedale. What does that mean?
This indicates Ridgedale is a mature neighbourhood with many older homes. The community is well-established with mature trees and settled streetscapes. The appeal here is character and space, not modern construction.
3. Why is the assessed value higher than the 2021 sale price?
The 2021 sale price of $475,000 provides a historical benchmark. The current assessed value of $523,000 reflects the municipal assessment for tax purposes, which considers market trends and may differ from a future sale price determined by a buyer and seller today.
4. What is the significance of the lot size ranking so highly?
Ranking in the top 10% in Winnipeg for lot size is a major advantage. It offers privacy, space for recreation or expansion, and is a key driver of long-term value in a land-constrained market.
5. Who would this home not suit?
It may not suit buyers seeking a modern, low-maintenance property or a quick "turn-key" purchase without any projects. It is ideal for those who see value in space and are prepared to live in or gradually update a solid, character home.