Property Overview: 24 Fairway Place, Winnipeg
Key Characteristics, Appeal & Target Buyer
This is a substantial, well-established family home in Ridgedale, built in 1976. Its primary appeal lies in its generous scale and mature lot. With over 2,500 sqft of finished living space and a large, 11,000+ sqft property, it offers significant room both indoors and out—a combination that ranks it in the top tier of Winnipeg homes for size. The property includes both attached and detached garage spaces, adding practical utility. While the home’s age suggests potential for updates, its high city-wide assessment ranking indicates it is a solid, above-average asset in the market. The appeal is for a buyer who values space and established neighbourhoods over new construction, and who is perhaps looking for a property where they can put their own stamp on it over time. It would suit a growing family needing multiple bedrooms and living areas, or someone who appreciates a large private yard and the potential that comes with a property of this vintage and footprint.
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 metrics like lot size, living area, and assessed value. For example, being in the top 5% of Winnipeg for living area means it is significantly larger than most homes in the city, which is a key advantage.
2. Is a 50-year-old home a concern?
While systems and components will be at varying stages of their lifespan, the home’s very high assessment value (top 4% in Winnipeg) suggests it has been maintained as a valuable property. A thorough inspection is essential to understand the condition of the roof, windows, plumbing, and electrical systems.
3. What are the advantages of such a large lot?
Beyond privacy and space for recreation or gardening, a lot of this size (over a quarter-acre) offers long-term flexibility. It could accommodate additions, a large workshop, or simply remains a rare commodity in the city, contributing significantly to the property’s value.
4. What is the benefit of having both an attached and detached garage?
This provides exceptional storage and workspace options. One garage can be used for vehicle parking, while the other could serve as a workshop, hobby space, or secure storage for outdoor equipment, effectively separating "clean" and "dirty" utility spaces.
5. How should I interpret the "finished basement"?
Given the home's era, the basement finish is likely functional and may reflect older styles and materials. It adds valuable square footage for family and recreational use, but buyers should view it as bonus space that may eventually align with a main-floor renovation plan.