Property Overview
195 Ridgedale Crescent is a classic, well-situated one-storey home built in 1956. Its primary appeal lies in its exceptionally large, private lot of over 12,700 square feet—a rarity that places it in the top 3% of all properties in Winnipeg for land size. The home itself is a modest 1,300 sqft bungalow with a finished basement and a detached garage. While the house ranks average to below average within its immediate neighborhood for size and age, the extraordinary lot offers significant value and potential. It suits buyers looking for a solid starter home or a long-term property where the land itself is the key asset, appealing to those with vision for expansions, gardens, or simply valuing extensive private outdoor space.
Key Considerations & FAQs
1. What is the true draw of this property?
Beyond the home itself, the standout feature is the massive, flat lot. It offers a level of privacy and space for recreation, gardening, or future additions that is increasingly difficult to find within the city.
2. Who is this home best suited for?
It's ideal for first-time buyers or downsizers seeking single-level living on a low-maintenance lot, or for strategic buyers who see the land as a long-term asset. It's less suited for those seeking a modern, move-in-ready home without any projects.
3. The house is older—what should I consider?
Built in 1956, major systems like roof, plumbing, and electrical may be at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and prioritize updates, which should be factored into any offer.
4. How does the lot size impact value and costs?
While the large lot is a major asset for privacy and potential, it also means higher property taxes relative to similar-sized homes on standard lots, and potentially more work for lawn and landscape maintenance.
5. The rankings show mixed signals—how do I interpret them?
The data reveals a property of contrasts: its lot size is among the city's best, but the house is smaller and older than most in its own area. This suggests the purchase is fundamentally an investment in the land, with the existing home providing functional living space.