Property Overview: 7 Shenfield Road, Ridgedale, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-established two-storey home in Winnipeg's Ridgedale neighborhood, built in 1978. Its primary appeal lies in offering substantial space and a large lot in a mature setting. The home features over 2,150 sqft of living space, a fully finished basement, and sits on a generous 8,448 sqft lot—a combination that ranks it in the top 10% of Winnipeg for both lot and living area size. With an assessed value of $607,000 and a 2021 sale at $627,000, it presents as a solid, mid-century property in a stable market bracket.
Its appeal is for buyers seeking room to grow without the premium of a new build. It suits families or those needing multiple living areas, who value larger outdoor space and are comfortable with a home that may benefit from personal updates over time. A thoughtful perspective is its strong city-wide rankings for space against its more moderate rankings within its immediate neighborhood; this suggests it's a larger-than-average property for the area, offering a sense of privacy and scale that can be harder to find in newer subdivisions. It’s a practical choice for someone prioritizing square footage and land over a turn-key modern finish.
Frequently Asked Questions
1. How does the age of the home (1978) factor into its value and potential?
The age places it in a period of generally solid construction. Buyers should budget for updates to major aging components like the roof, windows, or HVAC systems, which are common for homes of this era. The upside is that the core structure and neighborhood maturity are well-established.
2. The lot is large, but what does that practically mean for a buyer?
Beyond just space, a lot of this size (over 1/5 of an acre) offers significant potential for gardening, recreation, additions like a shed or deck, and future development, subject to city bylaws. It provides a noticeable buffer from neighbors compared to newer, denser lots.
3. The home ranks very high city-wide for size but lower within its own community. What does this indicate?
This suggests Ridgedale is a neighborhood with a wide variety of home sizes. This property is among the larger homes in the area, meaning you get more house for the neighborhood's price point, which can be an advantage for value retention.
4. Is the finished basement included in the listed 2,157 sqft living area?
Typically, living area (GLA) in Manitoba refers to above-grade, heated space. The 2,157 sqft is likely the main and upper floors. The fully finished basement adds significant additional functional space but is not usually counted in the official square footage.
5. The 2021 sale price was higher than the current assessment. What does this suggest?
The 2021 sale provides a recent market benchmark. The current assessment is for taxation purposes and can lag behind market shifts. It indicates the market was strong at that time, and a current sale price would be determined by present market conditions, recent updates, and buyer competition.