Property Overview
63 Ridgedale Crescent is a spacious, well-established family home in Winnipeg's Ridgedale neighbourhood. Built in 1978, this two-storey home sits on a large, approximately 9,410 sqft lot and offers 2,257 sqft of living space, including a finished basement. It features an attached garage and ranks highly for its size, value, and recent sale price compared to most of Winnipeg.
Key Characteristics & Appeal
This home’s primary appeal lies in its generous scale and established setting. With a living area and lot size that rank in the top 5-7% citywide, it offers substantial space for a growing family or those who value room to spread out. The finished basement adds functional living area. Its 2022 sale price of $1,000,000 places it in the top 1% of Winnipeg transactions, indicating a premium property within its market.
The data suggests a home that balances privacy and community integration. While it surpasses 93% of Winnipeg homes for lot size, offering a rare degree of outdoor space, it ranks around the middle of its own neighbourhood for age and living area. This indicates it fits comfortably within a mature, established area of similar homes rather than standing out as an anomaly. It would suit buyers looking for a substantial, move-in-ready home in a quiet crescent, who prioritize interior and exterior space over a brand-new build. The significant appreciation between its 2019 and 2022 sales also points to a property in a desirable, stable location.
Frequently Asked Questions
Q: How does this home compare to others in the immediate area?
A: The home ranks highly on its street for lot size but is more average in terms of living area and age. This suggests it is one of the larger properties on the block, though the houses themselves are of a similar vintage and scale.
Q: What does the current assessment value mean?
A: The municipal assessment of $747,000 is for tax purposes. It is notably lower than the 2022 sale price of $1,000,000, which is common. Market value is determined by recent sales and current demand, not the assessment.
Q: Is the neighbourhood considered desirable?
A: The data indicates strong demand within the Ridgedale community. The home’s last sale price ranked in the top 11% for the neighbourhood, and its overall value ranks in the top 33%, suggesting it is in a well-regarded area.
Q: What is the significance of the large lot size?
A: At 9,410 sqft, the lot is a major feature, offering ample backyard space, potential for gardening, landscaping, or additions, and a greater sense of privacy—a rarity in many urban settings.
Q: The home sold for $1M in 2022. What does that indicate?
A: This premium price, placing it in the top 1% of Winnipeg sales at the time, reflects a combination of the home’s size, condition, location, and the market conditions of that period. It establishes a high benchmark for the property’s perceived value.