Property Summary: 26 Bishop's Lane
Key Characteristics & Appeal
This is a spacious, well-established two-storey home in Ridgedale, built in 1969 on a large, approximately 8,353 sqft lot. Its key appeal lies in its generous proportions, offering 2,000 sqft of living space and a finished basement, providing ample room for a growing family or those who value space. The property stands out for its lot size, ranking in the top 10% across Winnipeg, which is a significant and increasingly rare asset. Its overall living area also ranks in the top 10% city-wide, indicating a home that is substantially larger than average.
The home’s appeal is balanced. It suits a buyer looking for a solid, spacious property in a mature neighbourhood who is comfortable with a home of this era. It would particularly suit a practical buyer who values indoor and outdoor space over being in a newer or recently renovated property. A thoughtful perspective is that this home represents a "value of substance over style"—its rankings suggest you are paying for significant square footage and land, rather than for a modernized finish or a newer build. It's a property with strong foundational stats (size and land) that a buyer could gradually make their own.
Frequently Asked Questions
1. What do the rankings actually mean?
They show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, its land size is better than 90% of homes in the city, indicating a very large lot, while its build year is newer than only 47% of Winnipeg homes, confirming its status as a mature property.
2. Is the house outdated?
Built in 1969, the home is 57 years old. The listing confirms a finished basement, but the condition of the main living areas, kitchen, and bathrooms is not detailed. Buyers should be prepared for potential updates that align with the home's era.
3. Why is the assessed value ranking on the street 13 out of 13?
This indicates that, according to municipal assessment, this home has the highest taxable value on Bishop's Lane. This can be due to its large size, lot, and improvements. It's important to distinguish this from market value, which is determined by what a buyer is willing to pay.
4. What are the advantages of such a large lot?
An 8,353 sqft lot offers exceptional outdoor space for gardening, recreation, and privacy. It also presents future potential, such as the possibility of additions or redevelopment, subject to local zoning bylaws.
5. Who is the ideal buyer for this home?
This home is ideal for buyers who prioritize space—both inside and out—over a move-in-ready modern finish. It suits families or individuals looking for a project-friendly home with great underlying value in its proportions and land, located in a mature neighbourhood.