Property Overview: 21 Bishop's Lane, Ridgedale, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This property is defined by its exceptional scale and established presence in the Ridgedale area. Its primary characteristic is the substantial nearly 0.86-acre lot, offering a rare degree of privacy and space within the city, ranking in the top 1% of Winnipeg for land size. The 3,802 sqft, single-storey 2001 home provides generous living space, also ranking in the top tier city-wide. A finished basement and attached garage complement the main living areas. The appeal lies in the unique combination of a large, modern bungalow on a private, park-like estate lot—a profile that is increasingly uncommon in urban settings. Its consistent top-tier rankings for size, value, and relative newness within its community indicate a premium, well-regarded property.
This home would best suit buyers seeking long-term family living with ample room for gardens, recreation, or expansion, and who value single-level living or the flexibility a bungalow provides. It appeals to those prioritizing land and interior space over a downtown proximity, offering a semi-rural feel with city amenities. A thoughtful perspective is that while the 2001 build is modern, it is now a 25-year-old home, suggesting a buyer should be prepared for potential updates to decor or systems that align with contemporary tastes, balanced against the proven stability of an established neighborhood.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, being in the top 1% in Winnipeg for lot size means it is larger than 99% of other residential properties in the city, highlighting its rarity.
2. Is the property suitable for someone wanting a low-maintenance yard?
While the private lot is a major feature, its very large size (37,575 sqft) requires significant maintenance for lawns, gardens, and landscaping. It is better suited for those who enjoy gardening or will budget for professional yard care.
3. What are the implications of a "finished basement" in a 2001 home?
The finish is now over two decades old. Buyers should assess whether the basement's layout, materials, and style meet current needs and preferences, as it may represent an opportunity for future modernization.
4. How does the single-storey (bungalow) design impact living?
This layout offers excellent accessibility and avoids stairs, which can be ideal for multi-generational families or for aging in place. However, it also means all primary living spaces are on one level, which some may prefer over separated living zones.
5. The assessed value is high; what does this indicate?
The assessment, ranking in the top 2% of the community, reflects the property's premium combination of land and improvements according to municipal valuation. It sets a baseline for property taxes and suggests a strong market position, but the final sale price is determined by the current market.