Property Overview: 12 Fairway Place, Winnipeg

Key Features & Ideal Buyer Profile

This home is a spacious, single-story bungalow situated on a large, approximately 12,500 sqft lot in Ridgedale. Built in 1977, its primary appeal lies in its generous proportions and established setting. The nearly 2,050 sqft of finished living space, combined with a fully finished basement, offers significant room for a family or those who value ample space. The property stands out for its lot size, ranking in the top 3% of all Winnipeg homes, providing exceptional outdoor potential and privacy rarely found within the city.

Its appeal is grounded in solid, practical space rather than modern finishes. The home would suit a buyer looking for a long-term family home with room to grow or customize, or perhaps someone seeking a peaceful retreat on a large parcel of land without leaving the city. The data suggests a property that is older but well-sized, indicating value is derived from land and square footage. It’s a home for a practical buyer who sees potential in space and location, possibly willing to update interiors over time to match their taste. The very high city-wide rankings for lot size and living area contrast with more average rankings within its immediate neighborhood, hinting that it is a larger, more private property compared to its closest surroundings.

Frequently Asked Questions

1. What is the true value proposition of this home?
The value is heavily anchored in the land. You are purchasing one of the larger residential lots in Winnipeg, offering rare space and privacy. The finished living area is also well above average, making it a home built for comfortable living and entertaining.

2. How should I interpret the various ranking data?
The rankings compare the home to others on its street, in Ridgedale, and across all of Winnipeg. Key takeaways are its exceptional city-wide standing for lot size (top 3%) and living area (top 9%), while its assessment value ranking suggests it may be priced competitively relative to similar properties in the broader market.

3. Is the 1977 build year a concern?
While the home is nearly 50 years old, its rankings for age are above average on its street and in the city. This suggests the structure has been maintained, but a thorough inspection is essential to understand the condition of major systems like roof, plumbing, and electrical, which may be due for updates or replacement.

4. What is the neighborhood like?
Located in Ridgedale, the property sits in a mature, established community. The fact that it surpasses 60% of homes in its own community for lot size indicates it is among the more spacious properties in the area, potentially offering a quieter, more secluded feel than its neighbors.

5. What are the immediate next steps if interested?
Given the home’s age and unique characteristics, the critical next steps are a professional home inspection to assess condition and a review of property tax history and utility costs. Exploring the potential of the large lot—whether for gardening, expansion, or recreation—would also be a wise consideration.