Property Summary: 138 Water Ridge Path
Key Characteristics & Appeal
This two-storey home, built in 2017, presents a well-maintained, modern property in Winnipeg's Rosser-Old Kildonan area. Its primary appeal lies in a combination of above-average space and a relatively new build, offering a move-in-ready canvas. The home features nearly 2,000 sqft of living area, an attached garage, and sits on a large, 7,631 sqft lot, providing ample outdoor space. Notably, the basement is unfinished, which is a key point for buyers: it represents potential for future customization rather than immediate luxury.
The property ranks highly against local benchmarks, particularly for its lot size, newness, and overall value within its immediate street and the wider city. This suggests a solid investment in a desirable setting. It would suit first-time buyers or young families looking for a modern home without the premium of a brand-new build, as well as practical buyers who see value in personalizing an unfinished space over time to suit their exact needs and budget.
Frequently Asked Questions
1. What does the "unfinished basement" condition mean for me?
It means the basement is a blank slate with essential structural and utility work completed. You have the opportunity to finish it according to your own taste, timeline, and budget, which can be a significant advantage over paying a premium for a pre-renovated space you may want to change.
2. How does the lot size compare to typical properties?
At over 7,600 sqft, the lot is significantly larger than many in Winnipeg, ranking in the top 13% city-wide. This offers superior outdoor space for gardening, recreation, or future additions like a deck or shed.
3. The home was built in 2017. What should I consider about its age?
As a nine-year-old home, it's past the initial "new home" warranty period but is still modern in its core systems and layout. A thorough inspection is advisable to assess the condition of major components like the roof, HVAC, and appliances as they approach a decade of use.
4. What is the significance of the high ranking for "Assessed Value"?
Ranking in the top 7% in Winnipeg for assessed value indicates the city's assessment aligns with the property's substantial market position. It generally reflects a combination of the home's size, age, and location, but it's a starting point for valuation, not a direct market price.
5. Are the nearby "Worth Viewing" properties direct competitors?
They are contextual comparisons provided for market research. For example, the listed property at 91 Brooksmere Trail is newer (2024) and has a slightly higher assessed value, but is in a different neighbourhood. This comparison helps illustrate what different priorities (newness vs. established lot size) can command in the broader market.