Property Overview & Appeal

This 1978-built, single-storey home in Ridgedale sits on a large, mature lot of over 11,500 sqft, offering a rare sense of space and privacy within the city. Its key appeal lies in its combination of generous, established grounds and a well-sized, functional layout featuring nearly 2,000 sqft of living space and a finished basement. The property ranks highly city-wide for its lot size, living area, and assessed value, placing it among Winnipeg's more substantial homes. It would particularly suit buyers looking for a single-level living arrangement without sacrificing yard space, or those who value a quiet, established neighbourhood with room for gardens, play, or future expansion. A less obvious perspective is the value of the home's age: built in an era of solid construction on a large parcel, it presents a foundational opportunity for those interested in a gradual, equity-building renovation tailored to modern tastes while retaining classic, durable bones.

Potential Buyer FAQs

1. What is the true benefit of such a large lot?
   Beyond privacy and space for activities, a lot of this size (ranking in the top 4% in Winnipeg) is a long-term asset. It offers potential for additions like a large deck, workshop, or garden, and typically holds its value independently of the home itself.

2. Are there any concerns with a home built in 1978?
   As with any home of this era, a thorough inspection is key to assess the condition of major systems like roofing, windows, and the furnace, which may be nearing or past their typical lifespans. The upside is that construction from this period is often robust, with floor plans that are straightforward to update.

3. Who is the "one-storey" layout best for?
   This layout is ideal for empty-nesters, retirees, or anyone seeking to avoid stairs for accessibility reasons. It also suits young families who prefer having all main living spaces and bedrooms on one level for easier supervision.

4. The home ranks highly for assessed value. Does that mean the asking price is justified?
   A high assessment relative to the city (top 2%) indicates the municipal valuation sees significant worth in the property, often due to the land value and size. It's a strong data point, but the market price will ultimately be determined by recent sales of comparable homes, condition, and current demand.

5. What is the neighbourhood character of Ridgedale?
   Ridgedale is an established, quiet community with a mix of well-kept older homes. The high lot-size ranking within the street and area suggests a neighbourhood character of spacious, treed properties rather than dense housing, offering a settled, suburban feel.