Property Summary: 26 Sanders Bay, Ridgedale, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated two-storey home in Ridgedale is defined by its generous scale and established presence. Built in 1994, it sits on a large, approximately 9,000 sqft lot, offering ample outdoor space—a relative rarity that provides room for gardening, play, or future expansion. With over 2,100 sqft of living space, the home ranks in the top 6% in Winnipeg for size, catering perfectly to families needing room to grow. Its unfinished basement presents a clear opportunity for customization and added value to suit a buyer's specific needs.

The appeal lies in this combination of space, both inside and out, within a mature neighbourhood. The home’s competitive positioning is noteworthy: it ranks in the top 8% of Winnipeg for lot size and the top 4% for municipal assessment value, suggesting it is a substantial property relative to the broader market. It would best suit practical buyers—growing families or those planning for multi-generational living—who prioritize interior space and yard size over a brand-new build. It’s a property for someone who sees potential and values the stability of an established area, with the understanding that a home of this age may require updates or system reviews.

Section 2: Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, ranking in the top 6% for living space in Winnipeg means 94% of homes in the city are smaller. It’s a quick way to gauge its relative size, age, and value.

2. The basement is unfinished. What should I consider?
This is both a project and an opportunity. You’ll need to budget for finishing costs, but you gain the ability to create exactly the space you want (e.g., a rec room, home office, or separate suite) without altering an existing layout. Ensure you have a professional inspect it for moisture protection and wiring/plumbing rough-ins.

3. The home is 32 years old. What might need attention?
While major structural issues are unlikely, key components like the roof, windows, HVAC system, and water heater are at or beyond their typical lifespans. A thorough inspection is crucial to anticipate upcoming maintenance or replacement costs.

4. The lot is large. Are there any restrictions on how it can be used?
You should verify all local zoning bylaws. While the size is excellent for privacy and recreation, there may be regulations regarding secondary suites, shed/garage size, fence height, or pool installation if those are future considerations.

5. The assessed value is high relative to the neighbourhood. Is that good?
It indicates the city views this as a premium property within its area, often due to its large lot and living space. This can be positive for long-term value, but it’s essential to ensure the asking price is in line with recent sales of comparable homes, not just the municipal assessment.