Property Overview & Key Characteristics
This two-storey home in Ridgedale offers a blend of spacious living and established neighborhood character. Its primary appeal lies in its generous 11,109 sqft lot and a substantial 2,480 sqft of finished living space, including a developed basement. Built in 1993, the home presents a mature property with room to grow, situated on a quiet street. The data suggests its size and lot are its strongest assets, ranking within the top 4% of Winnipeg for living area and top 3% for lot size, offering a rare amount of private outdoor space for the city.
The property would suit buyers looking for a family home with room to breathe, where children can play or future gardens can be established. It’s also a fit for those who value space over newness, appreciating the potential in a well-located, 33-year-old home that already has a finished basement and attached garage. A less obvious perspective is its appeal to buyers who prioritize equity and stability; with assessments ranking in the top 2% citywide, it represents a substantial asset in a neighborhood that shows balanced, long-term value rather than speculative spikes.
Frequently Asked Questions
1. How does the age of the home (1993) factor into its condition and value?
While 33 years old, the home is in a mature stage where major systems may have been updated. Its high citywide ranking for assessed value suggests it has been well-maintained and retains significant worth, but a thorough inspection is recommended to understand the condition of the roof, windows, and mechanical systems.
2. What does the lot size ranking actually mean for me?
Ranking in the top 4% for lot size in Winnipeg means you are getting an exceptionally large, private yard compared to most city properties. This is ideal for privacy, recreation, gardening, or future additions like a deck or shed.
3. The home ranks lower for "newness" on its street. Is that a concern?
This indicates the street has a mix of older and newer homes. Being in the newer half of the neighborhood (top 39%) is positive, and it often means the street has a settled, established feel with mature trees and landscaping, which many find desirable.
4. The assessment is $764,000. How should I interpret this versus the asking price?
The assessment is a municipal valuation for tax purposes, not a market price. However, ranking in the top 2% citywide confirms this is a high-value property. The market price will be influenced by current conditions, the home's specific updates, and buyer demand for large lots.
5. Who is the typical buyer in this area?
Ridgedale attracts a mix of growing families needing space and established homeowners. Given this home's specific metrics, the most likely buyer is a family seeking a large yard and interior space, possibly looking to put down long-term roots in a stable community without the premium of a brand-new build.