Property Overview: 79 Jaymorr Drive, Ridgedale, Winnipeg
Key Characteristics & Appeal
This property is a classic, fully-bungalow on an exceptionally large, mature lot in Ridgedale. Its primary appeal lies in the rare combination of a spacious, 10,779 sqft parcel of land—placing it in the top 5% of Winnipeg for lot size—with a solid, move-in-ready home featuring a finished basement. The 1,359 sqft living space is practical and well-proportioned for a one-storey layout.
The home suits buyers looking for established character and outdoor space over new construction. It’s ideal for a growing family seeking a large, private backyard, or for downsizers who want single-level living without sacrificing yard size for gardening or leisure. Its strong city-wide rankings for lot size and assessed value suggest a property with inherent, long-term equity in a stable neighbourhood. A thoughtful perspective is that while the home itself is average-sized for the area, the land represents a significant and increasingly scarce asset, offering future potential and immediate privacy that newer subdivisions rarely match.
Frequently Asked Questions
1. How does the age of the home (built in 1972) affect its condition and costs?
While the home is well-maintained with a finished basement, buyers should budget for updates consistent with its era, such as windows, roof, or major mechanical systems. A thorough inspection is advised to prioritize any necessary investments.
2. What are the benefits and considerations of such a large lot?
The lot provides exceptional privacy, space for additions like a deck or shed, and room for children or pets to play. Considerations include higher maintenance (lawn care, snow clearing) and potentially higher property taxes relative to homes on standard lots.
3. The home’s size ranks lower in the neighbourhood. Will it feel small?
At 1,359 sqft plus a finished basement, the living space is functional for many households. The lower ranking reflects the presence of many larger homes in Ridgedale, not necessarily inadequacy. The expansive lot helps the property feel much larger than the interior square footage alone might suggest.
4. Why is the assessed value ($423,000) lower than the 2022 sale price ($435,000)?
Municipal assessments for tax purposes often lag behind current market values and use mass appraisal techniques. The sale price is a more direct indicator of its market value at that time, though current conditions may vary.
5. What does the "finished basement" include?
The listing confirms a finished basement, which adds valuable flexible space for recreation, guests, or storage. Specifics on layout, ceiling height, and legal compliance should be verified by a viewing or with the listing agent.