Property Overview & Key Characteristics
This 1976-built bungalow in Ridgedale offers a compelling blend of space, land, and location. Its primary appeal lies in its exceptionally large, approximately 11,940 sqft lot, which places it in the top 4% of all properties in Winnipeg for land size. The 2,076 sqft of living space is also well above average, ranking in the top 8% citywide. The home features a full, unfinished basement and a split garage. While the house itself is of average age for its neighborhood and the interior may benefit from updates, the property's standout value is its substantial footprint and potential.
This home is ideally suited for buyers prioritizing land over a turn-key interior. It's a strong match for families or multi-generational households seeking room to grow, play, or add amenities like a large garden, workshop, or future addition. It also appeals to value-conscious buyers or investors who see potential in the combination of a solid floorplan, a massive lot, and the ability to customize the basement and living spaces over time. The rankings suggest you're trading some modern finishes for a property with rare scale and long-term versatility in a well-established community.
Frequently Asked Questions
1. What does the "unfinished basement" mean for me?
It represents both immediate utility and future potential. You gain extensive storage or flexible workshop space as-is, with the opportunity to customize a full secondary living area, recreation room, or suites to your exact specifications down the line, adding significant value.
2. The house was built in 1976. What should I consider?
While the structure has proven durable, a pre-purchase inspection is highly advisable to assess the condition of major aging components like the roof, windows, plumbing, and electrical systems. Budgeting for updates or maintenance on these items is a prudent step.
3. The lot is huge. Are there any restrictions on what I can do with it?
You should verify all lot lines and any municipal zoning bylaws or restrictive covenants that might affect plans for additions, detached structures (like a shed or garage), or pool installation. The size offers great freedom, but it's essential to confirm the specific rules.
4. How do the property value rankings work?
They are competitive benchmarks. For example, being in the "top 4% for land size" in Winnipeg means this lot is larger than 96% of properties in the city. Conversely, a "top 71%" rank for assessed value in its neighborhood means it's assessed higher than only 29% of nearby homes, which may indicate room for equity growth as improvements are made.
5. Is the split garage a drawback?
It depends on your needs. A split garage (typically two separate single doors) can be slightly less convenient for parking larger vehicles or having a completely open workshop space compared to a double-wide garage. However, it is a functional and common feature for homes of this era and still provides covered parking for two vehicles.