Property Overview & Key Characteristics
This is a well-established, single-story home in Winnipeg's Ridgedale neighbourhood, built in 1970. Its primary appeal lies in its generous, mature 7,636 sqft lot, offering significant outdoor space that is increasingly rare in newer developments. The 1,332 sqft living area features a finished basement, providing flexible space for family, recreation, or storage. With a recent sale in 2022 and a current assessed value of $416,000, it presents as a grounded opportunity in the market.
The home suits practical buyers looking for space and stability over modern finishes. It’s ideal for a growing family seeking a sizable yard, or for downsizers wanting single-level living without compromising on lot size. Its rankings indicate it’s a competitively sized property city-wide, but it sits in a neighbourhood with many larger or newer homes, suggesting a value-oriented entry into a well-located area. The appeal is less about luxury and more about the enduring value of land and functional space in a quiet community.
Frequently Asked Questions
1. What is the neighbourhood like?
Ridgedale is a mature, established neighbourhood. The property's rankings show that within this specific community, many homes are larger or newer, indicating a quiet area of older, varied homes where this property represents a more modestly sized option.
2. Is the basement a legal suite?
The listing states the basement is finished, but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. How does the 2022 sale price compare to the current assessment?
The home sold for $340,000 in July 2022 and is now assessed at $416,000. This increase reflects broader market movements and the municipal assessment, but the final market value is determined by current conditions.
4. What does the "ranking" data mean?
These rankings compare this property against others on its street, in Ridgedale, and across all of Winnipeg for metrics like size, age, and value. For example, being in the top 13% city-wide for lot size is a significant advantage, while its age is more average.
5. What are the less obvious considerations?
A home from 1970 will likely have original components, like windows or roofing, that may need attention or updating. However, the large lot also presents a long-term opportunity: it could potentially accommodate additions or landscaping projects that newer, smaller lots cannot.