Property Summary: 161 Ridgedale Crescent
Section 1: Overview & Appeal
This property is defined by its exceptional and rare land size. Situated on approximately one acre (42,000 sqft) in the Ridgedale area, the lot itself is the primary feature, offering a level of privacy and space that is increasingly uncommon within the city. The house is a classic one-and-a-half storey build from 1925, with a modest 1,092 sqft of living space and an unfinished basement. It presents as a solid, no-frills character home that serves as a foundation. The appeal here is squarely for a buyer with a vision—someone who values the potential of the land over the current state of the dwelling. It would perfectly suit an owner looking for a private urban retreat with room for extensive gardens, recreation, or future expansion. It’s also a compelling canvas for a builder or renovator seeking a prime lot in a well-established neighborhood. A less obvious perspective is that this property offers a unique opportunity to own a legacy-sized parcel; it’s not just a yard, but a small estate that provides a tangible sense of freedom and possibility that newer subdivisions simply cannot match.
Section 2: Frequently Asked Questions
1. What does the assessment ranking really tell me?
The rankings show the property's position relative to others. While the house is modest in size and age compared to its neighbors, the land size ranks in the top 1% city-wide, and the total assessed value is in the top 5%. This highlights that the value is heavily weighted toward the land.
2. Is the house in livable condition, or is it a teardown?
The listing notes an unfinished basement but does not specify the home's interior condition. Given its age and the significant value of the land, a prospective buyer should budget for substantial updates or even full renovation. An inspection is essential to determine feasibility.
3. What can be done with such a large lot?
Beyond a spacious private yard, the lot size may allow for additions, a garage or workshop, or even subdivision, subject to all City of Winnipeg zoning bylaws, permits, and approvals. This is a key point for due diligence.
4. What are the annual property taxes?
Taxes are not listed but would be based on the $653,000 assessed value. You can estimate them using the City of Winnipeg's current mill rate, but contacting the city for an exact figure is recommended for budgeting.
5. Why is a 100-year-old house assessed so highly?
The assessment reflects the combined value of the land and improvements. In this case, the immense size and desirability of the lot in a mature neighborhood drive the valuation, not the historic structure itself. It's an assessment of the property's total potential.