Property Overview & Key Characteristics
This property is a classic two-storey home built in 1976, situated on an exceptionally large, mature lot of nearly one acre (43,545 sqft) in Winnipeg's Ridgewood South community. Its primary appeal lies in the rare combination of generous, private outdoor space and a well-sized, functional living area of nearly 2,000 sqft, complete with a finished basement. The home presents a solid, grounded opportunity rather than a modern turn-key property.
Its standout feature is undoubtedly the land. The lot size ranks in the top 1-2% within its immediate community and across Winnipeg, offering immense potential for gardening, recreation, or future expansion. While the house itself is 50 years old, it offers above-average living space for the area and holds a strong assessed value, ranking in the top 7% citywide. This is a property for a specific buyer: someone who values space and privacy over brand-new finishes, who sees potential in a solidly built home on a premier lot, and who may be willing to invest in updates over time. It would suit a growing family seeking room to play, a hobbyist or gardener craving a private outdoor sanctuary, or a long-term buyer looking for a property where the land itself is a significant and appreciating asset.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Ridgewood South, and across all of Winnipeg. For example, being in the "top 1%" for lot size means 99% of homes in Winnipeg sit on a smaller parcel of land, highlighting the rarity of this feature.
2. The house was built in 1976. What should I consider?
While the structure is sound and offers great space, a home of this age will likely have original or older major systems (like roof, windows, plumbing, and electrical). A thorough inspection is essential to understand the condition and plan for any necessary updates or maintenance.
3. There's no garage. Is adding one feasible?
Given the vast size of the lot, there is ample space to add a detached garage or workshop. Any addition would be subject to local zoning bylaws and permitting, but the land certainly accommodates it.
4. How does the finished basement add value?
It provides flexible, additional living space such as for a family room, home office, or guest area. It's important to verify the quality of the finish, ceiling height, and ensure it meets local code requirements for egress and moisture control.
5. The lot is huge. Are there any hidden responsibilities?
A property of this scale comes with considerations beyond typical yards. Maintenance (like mowing, landscaping, and snow clearing) is more significant. It's also wise to review the property survey to understand exact boundaries, any easements, or if any portions are regulated (e.g., near watercourses).