Property Overview
This two-storey home on a large, 7,593 sqft lot in Ridgedale presents a compelling opportunity for a specific buyer. Built in 1994, its key appeal lies in its generous scale and established setting. With over 2,295 sqft of living space, a finished basement, and an attached garage, it offers substantial room for a family. The data reveals a less obvious strength: while the home itself is not the newest on the block, its lot size and total assessed value rank exceptionally high city-wide, suggesting a property with underlying value in its land and location. It would suit buyers looking for space over brand-new condition, who are comfortable with a home that has three decades of life and see potential in a property that outperforms most in Winnipeg for size and assessed worth.
Frequently Asked Questions
1. How does this home compare to others in the area?
It ranks highly for its lot size and assessed value within Winnipeg, placing in the top 5-15% of the city. In its immediate neighbourhood and street, it's a larger property on a bigger lot compared to many, though some nearby homes are newer.
2. What does the price history indicate?
The home was last purchased in January 2020 for $650,000. The current assessed value is $771,000. This increase reflects broader market trends and the property's high rankings for size and value.
3. Is the neighbourhood established or developing?
The 1994 build date and the mature lot size indicate Ridgedale is a well-established, settled neighbourhood, not a new development area.
4. What might "value over condition" mean for a buyer?
The data suggests you are paying for a premium lot size and generous square footage in a desirable city-wide ranking. A buyer should be prepared that some updates or maintenance consistent with a 32-year-old home may be part of the value proposition.
5. How should I interpret the various ranking percentages?
They show how this property stacks up against immediate neighbours and across Winnipeg. For example, ranking in the top 13% of Winnipeg for lot size is a significant advantage, while being newer than only 32% of homes in its own community confirms its established character.