Property Overview
This 1975-built, one-storey home in Ridgedale offers a practical and spacious family layout on a large, 8,057 sqft lot. Its key appeal lies in its above-average footprint for the area, providing more indoor and outdoor space than many comparable properties. With 1,418 sqft of living space, a fully finished basement, and an attached garage, it caters well to families or those seeking single-level living with room to grow. The property’s assessed value ranks highly within Winnipeg, suggesting a solid investment in a stable neighbourhood. It would particularly suit first-time buyers looking for a move-in-ready home with ample yard space, or downsizers who want a bungalow layout without sacrificing room for guests or hobbies. A less obvious advantage is the lot’s potential; the generous size offers flexibility for future landscaping, gardening, or expansion, which is increasingly rare in established areas.
Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The home’s assessment ranks in the top 27% within the Ridgedale community and the top 18% city-wide, indicating it is considered a higher-value property for its area relative to others in Winnipeg.
2. Is the house outdated, given its age?
Built in 1975, the home is over 50 years old, so some systems or finishes may be original. However, the fully finished basement and a sale in 2020 suggest updates have been made. A thorough inspection is recommended to understand the condition of the roof, windows, and mechanical systems.
3. What does the "ranking" data for living area mean?
The data shows the home’s 1,418 sqft is larger than 68% of all Winnipeg homes, but only larger than 23% of homes within Ridgedale itself. This indicates the immediate neighbourhood features many larger homes, placing this property on the more modest end locally, yet still above the city average.
4. Has the property appreciated in value?
The home sold for $470,000 in June 2020 and now carries a $500,000 assessment. This suggests market growth, but the final sale price will be determined by current market conditions and is not guaranteed to match the assessed value.
5. What are the advantages of a one-storey layout?
The bungalow style offers easy, single-level living, which is ideal for accessibility, families with young children, or those planning for long-term aging in place. The finished basement effectively doubles the usable space, providing room for recreation, guests, or a home office.