Property Overview & Key Characteristics
This two-storey home on Lannoo Drive is a substantial property in Winnipeg's Ridgedale area, built in 1996. Its primary appeal lies in its generous scale and established presence. The nearly 3,100 sqft of finished living space places it in the top 1% of homes in Winnipeg for size, offering ample room for a large or multi-generational family. The property sits on a large, 11,800 sqft lot, providing significant outdoor space that is increasingly rare in newer developments. With a finished basement and an attached garage, it is a fully realized family home.
The data suggests its value is anchored not just in size, but in its relative standing. It ranks highly for lot size, assessed value, and living area within its community and across the city, indicating a property that outperforms most of the market on key metrics. This home would best suit buyers looking for established space without the maintenance concerns of an older character home. It’s ideal for those prioritizing room to grow, entertain, and enjoy private outdoor space, and who value a property with proven market strength in its class.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, being in the top 1% for living space in Winnipeg means it is larger than 99% of other homes on record. The high rankings for assessed value indicate it is valued among the premium homes in its immediate area and the wider city.
2. Is a 1996-built home considered modern or dated?
Built 30 years ago, it represents a solid, modern construction era but may have original features. It strikes a balance, likely avoiding the major systemic issues of much older homes while also presenting an opportunity for the next owner to update finishes to contemporary tastes. Its "newer than 78% of Winnipeg homes" ranking provides context.
3. Who would benefit most from such a large lot?
Beyond gardening or play space, a lot of this size (over a quarter-acre) offers long-term flexibility. It provides privacy, room for potential additions like a large deck or shed, and a buffer from neighbors. It's a key feature for those who value outdoor living and space more commonly found in suburban or rural settings.
4. The assessment is high; what does that indicate?
The $1.252 million assessment, placing it in the top tier locally, is the city's estimate of its market value for tax purposes. It generally reflects the property's premium combination of size, location, and amenities compared to the surrounding market. It's a strong indicator of the home's standing but is not the same as a current market listing price.
5. What are the less obvious considerations with a home of this scale?
Prospective buyers should consider the utility and maintenance costs associated with a 3,000+ sqft home, which can be significant. The floor plan's functionality for daily life is as important as the total square footage. Additionally, while the finished basement adds living space, ensuring it remains dry and well-insulated is a key due diligence item.