Property Overview: 171 Ridgedale Crescent

Key Characteristics & Appeal

This is a distinctive and substantial property in Winnipeg's Ridgedale area, defined by its rare combination of space, heritage, and potential. Its primary appeal lies in its immense, nearly one-acre lot (44,872 sqft), which places it in the top 1% of properties in Winnipeg for land size. This offers unparalleled privacy and scope for gardens, recreation, or future expansion. The home itself is a spacious (3,308 sqft) one-and-a-half storey character home built in 1920, featuring a finished main floor and an unfinished basement, presenting a clear opportunity for customization.

The property suits two main types of buyers. First, it's ideal for those seeking a private estate-like setting within the city, who value expansive outdoor space over a modern, turn-key home. Second, it appeals to visionaries or builders who see the value in the landmark lot and the solid foundation of a century-old home, understanding that its significant value is anchored in the land itself, with the structure offering potential to be updated or reimagined. It’s a property for someone looking to make a long-term investment in both lifestyle and real estate, willing to embrace the character and projects that come with a home of this age and scale.

Frequently Asked Questions

1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor with living areas and a primary bedroom, while the second "half" storey has sloped ceilings and contains additional bedrooms. Given the 1920 construction, expect charming architectural details but also layouts that may differ from modern open-concept designs.

2. The lot is huge. Are there any restrictions on what can be done with it?
While the lot size is a major asset, any significant changes like additions, a new build, or pool installation would require checking with the city for zoning bylaws, heritage designations (if applicable), and permit requirements. The existing, unrenovated state of the basement and the age of the home suggest there is ample room to add value.

3. How should I interpret the high rankings for land size but lower rankings for building age?
The data highlights this property's unique profile. It ranks in the top 1% for lot size and living area, meaning it offers extraordinary space. The low ranking for building age (older than 88% of Winnipeg homes) simply confirms its heritage character. For the right buyer, this contrast is the core appeal: a classic home on a truly exceptional piece of land.

4. The assessed value is $926,000. Is the listing price likely to be similar?
Assessed value is for municipal tax purposes and is not a direct indicator of market price. Market value is determined by recent sales of comparable properties, current demand, and the unique features of this home—especially its rare lot size. It's best to consult with a real estate professional for a current market evaluation.

5. What are the immediate considerations with a 106-year-old home?
Prospective buyers should budget for and investigate the condition of major aging systems, such as the roof, plumbing, electrical, and foundation. An unfinished basement provides easy access for inspecting these elements. The charm of a century-old home is often accompanied by a maintenance and modernization plan tailored to preserving its integrity while ensuring comfort and efficiency.