Property Overview: 78 William Marshall Way
Key Characteristics & Appeal
This home is a spacious, well-established property in Ridgedale, built in 1994. Its primary appeal lies in its generous scale and significant lot size. With over 2,600 sqft of living space and a sprawling 16,167 sqft lot (roughly one-third of an acre), it offers substantial room for a growing family, hobbies, or future expansion. The property ranks in the top 2% of Winnipeg for both lot size and living area, providing a rare sense of space and privacy within the city. The unfinished basement presents a clear opportunity for customization and added value to suit the next owner's needs.
Its appeal is balanced; it's a mature home that may require updates, but it sits on a premium piece of land in a stable neighborhood. This property would best suit buyers looking for a long-term family home where they can put down roots, enjoy ample outdoor space, and potentially tailor the interior over time. It’s ideal for those who prioritize space and land over a move-in-ready, modern finish, and who see the value in a home with strong foundational rankings in the wider Winnipeg market.
Frequently Asked Questions
1. What does the ranking data (e.g., "top 2% in Winnipeg") actually mean?
This data compares the home's specific metrics (like lot size, living area, and assessed value) against all other listed properties in its immediate street, the broader Ridgedale community, and all of Winnipeg. Being in the top 2-5% for size and value city-wide objectively highlights its standout scale and relative market position.
2. Is the unfinished basement a drawback or an opportunity?
It's primarily an opportunity. While it requires an investment to finish, it allows the new owner to create additional living space—such as a rec room, home gym, or extra bedrooms—exactly to their specifications without needing to undo previous work.
3. The home is 32 years old. What should I consider?
As with any home of this age, prospective buyers should budget for potential updates to major systems like the roof, HVAC, or windows, and anticipate that interior finishes may feel dated. A thorough home inspection is essential to understand the condition behind the impressive square footage.
4. Who would this property not be ideal for?
It may not suit first-time buyers or those seeking a low-maintenance, turn-key property. The scale of the home and yard implies more upkeep, and the unfinished areas require a willingness to undertake projects.
5. How does the assessed value relate to the likely selling price?
The municipal assessment of $818,000 is for tax purposes and is based on mass appraisal techniques. It's a useful benchmark, but the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand for a property with these unique characteristics.