Property Overview: 4 Fairway Place, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-established family home in Winnipeg's Ridgedale neighborhood, built in 1976. Its primary appeal lies in its generous scale and prime lot. The residence offers 2,616 sqft of living space, placing it in the top 2% of homes in Winnipeg for size, complemented by a substantial 13,081 sqft lot. The home features a finished basement and an attached garage. While the house itself is 50 years old, its value is anchored in space and land—a combination increasingly rare in newer developments.
The property’s standout feature is its exceptional ranking for lot size, outperforming 97% of all Winnipeg homes. This offers significant privacy, room for gardens, play areas, or future expansion. It suits buyers looking for a "blank canvas" property: those who value interior space and, more importantly, the long-term potential of a large, flat parcel of land in the city over a brand-new build. It’s ideal for a family seeking room to grow, a multigenerational household, or a buyer with a vision for renovations or landscaping who can appreciate the solid foundation of a mature property.
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 specific metrics (like lot size, age, living area). For example, being in the "top 3%" for lot size in Winnipeg means only 3% of homes have a larger lot, highlighting a key competitive advantage.
2. Is the 50-year age of the home a concern?
While the systems (roof, windows, HVAC) may be at or beyond their typical lifespan, the age is reflected in the price and opportunity. It appeals to buyers who are prepared for eventual updates in exchange for acquiring more land and space than a newer home at a similar price point would typically offer.
3. Who would this property NOT suit?
It may not suit buyers seeking a modern, low-maintenance "turn-key" home without any projects. Those preferring a new or recently renovated interior with contemporary layouts and finishes might find the style and potential need for updates less appealing.
4. What is the neighborhood (Ridgedale) like?
Ridgedale is a mature, established neighborhood with a mix of older and newer homes. The large lot sizes and tree-lined streets are characteristic. Its appeal is typically for those seeking a quiet, residential setting with a strong sense of community, often within family-oriented school catchments.
5. How should I interpret the assessment value versus the asking price?
The municipal assessment of $630,000 is for taxation purposes and is a historical snapshot (often lagging the current market). The asking price is set by the seller based on current market conditions, the home's unique attributes (like its top-tier lot size), and recent comparable sales. The two figures are related but calculated differently.