Property Overview: 20 Bishop's Lane, Winnipeg
Key Characteristics & Appeal
This 1969-built, single-storey home in Ridgedale offers a practical layout with 1,911 sqft of living space on a notably large, 8,350 sqft lot. Its key features include a finished basement and an attached garage. The property's primary appeal lies in its generous land size, which ranks within the top 10% of all Winnipeg properties, offering significant space and potential for outdoor enjoyment, gardening, or future expansion. The home itself also ranks highly for its above-average living area compared to the wider city.
It presents a solid opportunity for buyers seeking a ground-level living format in a mature neighbourhood. The large lot is a standout asset for those prioritizing private outdoor space over a newer build. This home would suit practical-minded buyers—such as downsizers looking for single-level convenience without sacrificing yard space, or families valuing room to grow outdoors—who are comfortable with the maintenance and potential updates expected of a well-established home. Its strong rankings for lot and living area suggest it offers more space than most, a trade-off for its older age.
Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Ridgedale, and across all of Winnipeg. For example, being in the "top 10%" for lot size in Winnipeg means 90% of properties have smaller lots, highlighting this as a key strength.
2. Is the lot size a major advantage?
Yes. At over 8,300 sqft, the lot is significantly larger than average. This not only provides ample yard space but can also be a long-term value driver, as land size is a permanent asset that often appreciates.
3. What should I consider about a home built in 1969?
While the structure has proven durability, prospective buyers should budget for modernizing updates common to homes of this era, such as windows, roofing, or mechanical systems. A thorough inspection is advised to understand the condition.
4. The home ranks lower for age in the area. Is that a concern?
Not necessarily. It reflects that Ridgedale has many newer homes. This can mean the property offers better value or more land for the price compared to newer builds on smaller lots, appealing to those who prioritize space over a recent construction date.
5. How does the finished basement affect living space?
The finished basement effectively adds usable square footage beyond the 1,911 sqft main floor, providing flexible space for recreation, guests, or storage. It's an important functional addition to the overall floor plan.