Property Overview
This two-storey home in Ridgedale presents a compelling opportunity for buyers seeking space and established value. Built in 1993, its key characteristic is its generous 2,529 sqft of living area on a large, approximately 9,700 sqft lot, featuring an unfinished basement and an attached garage. The appeal lies in its strong competitive positioning: it ranks in the top tier of Winnipeg homes for both lot size and living area, offering more space than over 90% of properties in the city. Its 2021 sale price of $708,000 and current assessed value of $751,000 suggest a history of steady value appreciation in a desirable location.
This property would best suit a buyer who prioritizes interior space and the potential to customize, thanks to the unfinished basement. It’s ideal for a growing family looking for a long-term home in a mature neighbourhood, or for a value-conscious purchaser who sees the upside in completing the basement to their own specifications. A less obvious perspective is its appeal to buyers wary of brand-new construction; this home offers the space of a modern build but with an established neighbourhood feel and mature landscaping, all while still being a relatively contemporary structure. The strong city-wide rankings indicate it’s a property that holds its own as a substantial asset within the broader market.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Ridgedale, and across all of Winnipeg. For example, ranking in the "top 7%" for lot size in Winnipeg means it has a larger lot than 93% of city properties, which is a significant advantage for privacy and outdoor space.
2. Is the unfinished basement a drawback or an opportunity?
This is largely a matter of perspective. It requires additional investment to finish, but it offers the next owner complete flexibility in layout and design without the cost of demolition. It effectively adds future living space and potential value that is not yet reflected in the home’s price.
3. The home was last sold in 2021. Why is it back on the market?
While the specific reason isn't listed, the 3-year period is not uncommon. It could relate to typical life changes like job relocation or evolving family needs. The increase in assessed value since the last purchase indicates the owners have maintained the property in a strong market.
4. How does the 1993 build year affect the home?
A home of this age typically combines modern fundamentals (like wiring and insulation standards) with the need for planned updates. Key components like the roof, windows, and major mechanical systems (furnace, water heater) may be approaching or in their typical renewal window, which a savvy buyer will factor into their planning.
5. Who is the most likely buyer for this property?
The data suggests a buyer looking for above-average space both inside and out. Given the rankings, it competes with newer, high-end homes on square footage but may offer better value per foot. It’s particularly suited for those who want room to grow and don’t mind a project (the basement), versus someone seeking a completely turn-key, renovated property.