Property Overview: 173 Ridgedale Crescent
Key Characteristics, Appeal & Ideal Buyer
This is a substantial, one-storey family home situated on an exceptionally large, mature lot of approximately 30,000 square feet in Winnipeg's Ridgedale area. Built in 1994, the home offers 2,280 sqft of living space, a finished basement, and an attached garage. Its standout feature is the sheer scale and privacy afforded by the land, which ranks in the top 1% for size across the entire city. The home itself is well-sized, ranking in the top 5% for living area in Winnipeg, and has been recently updated with modern finishes.
The primary appeal lies in its unique combination of a spacious, modernized interior and a vast, park-like yard—a rare find within the city. It’s a property for those who value space, privacy, and outdoor potential over a brand-new build. The recent sale price significantly above the assessed value indicates strong market recognition of these qualities.
This property would best suit a family or multi-generational household looking for a long-term home with ample room for gardens, recreation, or future additions. It’s ideal for buyers who appreciate established neighborhoods and are willing to invest in a home for its exceptional land value and solid foundation, rather than seeking a brand-new construction.
Frequently Asked Questions
1. What does the ranking data (e.g., "top 1%") actually mean?
The rankings compare this property against others on its street, in its community, and across all of Winnipeg. For example, being in the "top 1% for land size in Winnipeg" means its lot is larger than 99% of all residential properties in the city, highlighting its rarity.
2. Why was the final sale price so much higher than the assessed value?
The assessed value is for municipal tax purposes and often lags behind rapid market shifts. The sale price reflects what competitive buyers were willing to pay in the current market, strongly suggesting they placed a high premium on the lot size, condition, and recent updates.
3. Is the large lot more of a benefit or a responsibility?
It's both. It offers unparalleled privacy and space for activities, gardens, or pools. However, it also means higher property taxes, more yard maintenance, and potentially higher costs for landscaping or fencing. It's a long-term asset that requires commitment.
4. What might the "finished basement" entail in a 1994 home?
While described as finished, it's important to clarify the level of finish and ceiling height. Basements from this era may be fully livable but could have a different aesthetic or lower ceiling height than newer homes. An inspection would determine its current condition and suitability.
5. Does a one-storey home on such a large lot present any opportunities?
Absolutely. The single-level living is attractive for accessibility and family flow. Furthermore, the vast lot could allow for significant future expansion—like a large addition, a detached workshop, or garage—subject to local zoning bylaws. The land itself holds much of the property's future potential.