634-92 Quail Ridge Road

Property Overview & Key Characteristics

This 937 sqft home, built in 1976 on Quail Ridge Road in Heritage Park, presents a specific and compelling value proposition. Its key appeal lies in its strong positional metrics within a well-established neighbourhood. The property ranks in the top tier for both lot size and year built on its own street, suggesting it is among the larger and more modern homes in that immediate area. However, its overall assessed value of $160K places it in a very high percentile city-wide, indicating it is perceived as a premium property relative to most of Winnipeg.

It would suit a practical, value-conscious buyer looking for a solid foothold in a mature neighbourhood without a large initial footprint. The absence of a basement, garage, or pool points to a low-maintenance lifestyle, appealing to downsizers, first-time buyers, or investors seeking a straightforward rental property. The data suggests you are paying primarily for the land and location within Heritage Park, with the home itself offering modest, efficient living space.

Frequently Asked Questions

1. Why is the assessed value so high compared to the living area?
The assessed value reflects the property's entire package, with a significant premium placed on its desirable location and lot within Heritage Park. The high city-wide percentile rank indicates that the land value and neighbourhood appeal are the primary drivers, rather than the size of the dwelling itself.

2. What does "No Basement" mean for storage and utilities?
All living space is on the main level. Utilities like the furnace and water heater will be in a mechanical room on the ground floor, and storage solutions will need to be creative, possibly involving sheds or optimized built-in cabinetry.

3. How does the 2017 sale price compare to today's value?
The property sold for $16,500 in 2017, which is drastically lower than its current $160K assessment. This typically indicates a prior sale under unique circumstances (such as a transfer between family members or a lot sale with a very old structure since replaced), not a standard market transaction. The current assessment is the relevant market-based figure.

4. Is the lack of a garage a major drawback?
This depends on lifestyle. For some, it's a deal-breaker. For others, it represents lower maintenance and costs. The neighbourhood ranking suggests many homes on the street may have similar profiles, and on-street parking is likely the norm. A driveway or pad for parking may be present.

5. The home is nearly 50 years old. What should I be mindful of?
While newer than many on its street, a 1976 home will have age-appropriate systems. A thorough inspection is essential to check the condition of the roof, windows, electrical panel, and plumbing. The lack of a basement can simplify some foundation inspections but also means all living areas are exposed to ground-level weather.