| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 1976 （50 years ago） | Top 2%6/317 Avg1977 Top 38%236/627 Avg1978 Top 73%19687/26841 Avg1990 1025-72 Quail Ridge Road: For Year Built. On Quail Ridge Road, Elite — Top 2%, rank 6 of 317, and comparable homes in that group average about 1977. in Heritage Park, around average — Top 38%, rank 236 of 627, and comparable homes in that group average about 1978. citywide, below average — Top 73%, rank 19687 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 854 sqft | Top 45%144/317 Avg824 sqft Top 62%390/627 Avg924 sqft Top 69%18622/26841 Avg1,042 sqft 1025-72 Quail Ridge Road: For Living Area. On Quail Ridge Road, around average — Top 45%, rank 144 of 317, and comparable homes in that group average about 824 sqft. in Heritage Park, around average — Top 62%, rank 390 of 627, and comparable homes in that group average about 924 sqft. citywide, around average — Top 69%, rank 18622 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 150k | Top 47%148/317 Avg15.10k Top 63%395/627 Avg17.80k Top 87%23236/26841 Avg25.60k 1025-72 Quail Ridge Road: For Assessed Value. On Quail Ridge Road, around average — Top 47%, rank 148 of 317, and comparable homes in that group average about 15.10k. in Heritage Park, around average — Top 63%, rank 395 of 627, and comparable homes in that group average about 17.80k. citywide, below average — Top 87%, rank 23236 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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Property Overview & Key Characteristics
This 1976 home at 1025-72 Quail Ridge Road in Heritage Park is a compact, 854 sqft property that presents a clear value proposition. Its standout feature is its exceptionally low assessed value of $150k, which ranks it in the top 4% of all Winnipeg properties for affordability. This positions it as one of the most accessible entry points into the market. The home sits on a street that ranks highly for lot size within its immediate area, suggesting a potentially generous outdoor space relative to its modest living area.
The appeal lies in its pure fundamentals: low cost of entry, a mature neighbourhood, and a property that likely requires personalization. It would suit first-time buyers or investors seeking a low-purchase-price asset, or downsizers prioritizing financial simplicity over square footage. A less obvious perspective is its potential as a "blank canvas" in an established area—the value is in the land and location, with the existing structure offering a foundation to renovate or rebuild according to one's own tastes and budget over time.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's specific attributes, including its smaller size (854 sqft), age, and market comparisons. It reflects its current state and utility as assessed for taxation, not a guaranteed sale price, but indicates a significantly lower entry point than most area properties.
2. What does "No Basement" mean for this property?
The home is built on a slab foundation, meaning there is no underground basement level. This can reduce maintenance concerns related to moisture or flooding but also eliminates potential for finished below-grade living or storage space.
3. The home is nearly 50 years old. What should I consider?
While the building's age is typical for the neighbourhood, a pre-purchase home inspection is essential. It will identify the condition and remaining lifespan of major systems like the roof, plumbing, and electrical, which may be nearing or past their typical service life.
4. How does the small living area compare to the neighbourhood?
At 854 sqft, the living area is below the neighbourhood average, ranking in the top 18% for compactness (meaning 82% of area homes are larger). This confirms it as a functionally smaller home, ideal for minimalists or those comfortable with efficient use of space.
5. The lot ranks highly for area. Is that a major advantage?
Yes. The data shows the lot size ranks in the top 14% on its street and top 0% in the wider neighbourhood, meaning it is among the largest. This offers valuable outdoor space and future potential, which is a key asset not reflected in the living area square footage.
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