This well-established Ridgedale home presents a compelling opportunity for buyers seeking space, privacy, and value in Winnipeg. Built in 1968, it is a classic one-storey bungalow with a fully finished basement, sitting on a large, approximately 9,672 sqft lot. With 1,844 sqft of living space, it offers significantly more room than most Winnipeg homes, ranking within the top 14% citywide for size. Its assessed value of $549,000 also places it in the top 12% of all city properties, indicating a strong perceived value. The home features a connected garage and no pool, aligning with a low-maintenance outdoor focus.
The appeal here lies in its generous proportions and established neighbourhood setting. It suits buyers looking for a single-level living layout or those who value a large private yard over a brand-new build. The fully finished basement adds flexible space for a growing family, a home office, or a recreation room. It’s a property for someone ready to take on a home with character and solid fundamentals, potentially seeing value in its above-average lot size and living space relative to its assessment bracket.
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What is the true significance of the provided rankings?
The rankings show the home’s position relative to its immediate area and the entire city. Notably, it ranks highly citywide for lot size, living area, and assessed value (top 7-14%), but more moderately within its own Ridgedale community. This suggests you are getting a property that stands out in Winnipeg overall, but blends into a neighbourhood of similarly substantial homes.
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Given its age, what should I budget for updates or maintenance?
As a home from 1968, major systems like the roof, windows, plumbing, or electrical may be at or beyond their typical service life. A thorough inspection is essential, and buyers should be financially prepared for both planned updates and unforeseen repairs, which is typical for homes of this vintage.
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How does the finished basement affect living space and value?
The finished basement effectively doubles the usable living area, making the home feel much larger than its main-floor square footage suggests. This is a key feature for families or those who work from home. It adds significant functional value, though the style and condition of the finishings would be a factor in overall appeal.
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Who would this property not be ideal for?
It may not suit those seeking a modern, open-concept layout or a turn-key home requiring no immediate work. Buyers who prioritize being in a newer community or who desire a low-maintenance condo-style property would likely find this home a poor fit.
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What is the advantage of such a large lot in this neighbourhood?
A lot of this size (over 9,600 sqft) in an established area like Ridgedale offers exceptional outdoor privacy, space for gardening, play, or future additions like a deck or shed. It’s a feature that is increasingly rare and cannot be replicated in newer subdivisions, providing long-term enjoyment and potential value.