Property Overview: 44 Bishop's Lane, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in Ridgedale, built in 1969 on a large, approximately 8,500 sqft lot. Its primary appeal lies in its generous proportions and established setting. With nearly 2,000 sqft of finished living space, including a developed basement, it offers ample room for a family. The attached garage and expansive lot provide practical utility and outdoor potential.
The home’s standout feature is its strong relative value within the wider Winnipeg market. It ranks within the top 10-11% of the city for both lot size and living area, meaning it offers more space than the vast majority of Winnipeg homes. This positions it as a compelling option for buyers seeking space without moving to the distant suburbs. It would particularly suit a family looking for a character home with room to grow, or a buyer who values a large yard and the mature, quiet atmosphere of a long-standing neighbourhood over a brand-new build. A thoughtful perspective is that while the home ranks moderately within its immediate neighbourhood, its city-wide rankings reveal it as a "big fish in a big pond"—offering standout square footage that is increasingly rare.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Ridgedale, and across all of Winnipeg. For example, ranking in the top 10% in Winnipeg for living area means 89% of city homes are smaller. It’s a quick way to see how its key metrics compare locally and city-wide.
2. Is the lot size a major advantage?
Yes. At over 8,400 sqft, the lot is significantly larger than the Winnipeg average. This allows for greater privacy, space for gardens, play areas, or future additions like a shed or deck, which is hard to find in many newer developments.
3. What should I consider about a home built in 1969?
While offering solid construction and mature landscaping, a home of this age may require updates to major systems like roofing, windows, or plumbing. A thorough inspection is essential to understand the condition and plan for any modernizations.
4. The community rankings are lower than the city rankings. Why?
This is common in established, desirable neighbourhoods where homes are often similar in vintage and quality. The home’s metrics are strong city-wide, but within Ridgedale itself—a neighbourhood of mostly older, spacious properties—it faces more direct competition, which is reflected in the local rankings.
5. How should I interpret the assessed value?
The $585,000 assessment is the city’s estimate of value for property tax purposes. It is a useful data point, but the final market price is determined by current buyer demand, the home’s condition, and recent sales of comparable properties.