4301 Ridgewood Avenue

Property Overview & Key Characteristics

This 1986-built, single-storey home on a large 8,713 sqft lot in Eric Coy offers a practical and spacious family layout. Its key appeal lies in the combination of a generous, private yard and a fully finished basement, providing significant room for living and recreation. With 1,517 sqft of living space, an attached garage, and a layout that ranks above average for size both locally and across Winnipeg, it suits growing families or those seeking single-level living with ample outdoor space.

The property’s value proposition is underscored by its assessment, which ranks in the top 15% city-wide, suggesting solid inherent value. It particularly suits buyers prioritizing lot size over a newer build, who are looking for a home with immediate move-in readiness and room to grow. A thoughtful perspective is that while the home is 40 years old, its rankings for age are still quite strong within its immediate neighborhood, indicating it is among the more contemporary homes on its street and in Eric Coy, which may appeal to those wanting established communities with mature landscaping.

Frequently Asked Questions

1. How does the fully finished basement add to the living space?
It provides additional, versatile square footage that can be used for recreation, guest space, or a home office, effectively increasing the usable area beyond the main floor's 1,517 sqft.

2. What does the high city-wide assessment ranking (top 15%) indicate?
It generally reflects that the property’s official assessed value is higher than most homes in Winnipeg, which can point to a desirable lot size, location, or property condition relative to the broader market.

3. Is the 40-year-old age of the home a concern?
While systems may require updating, the home ranks as newer than 83% of properties in its own community, meaning it is actually on the newer side for the established Eric Coy area, which can mitigate some concerns about extremely dated infrastructure.

4. Who would this property not be suited for?
It may not suit those seeking a brand-new, low-maintenance build or specific modern amenities like a pool. Buyers who prioritize a home newer than the 1980s or a downtown condo lifestyle would likely look elsewhere.

5. What is the significance of the large lot size?
At over 8,700 sqft, the lot offers exceptional outdoor privacy and space for gardening, play, or future additions like a deck or shed, which is a increasingly rare find compared to newer subdivisions.