Property Summary: 53 Lannoo Drive, Winnipeg

Key Characteristics & Appeal

This is a spacious, well-maintained family home in Ridgedale, built in 2000. Its primary appeal lies in offering substantial space on a large lot, combined with modern convenience. The home features nearly 2,700 sqft of finished living space, including a developed basement, all situated on a generous, quiet lot of approximately 10,900 sqft—a rarity that provides ample room for play, gardening, or future expansion.

The property’s strength is its balanced, above-average standing in multiple categories. It ranks in the top tier across Winnipeg for lot size, living area, and assessed value, indicating a premium offering for its type. Notably, while the home is not new, its 2000 build year is newer than over 90% of homes in the immediate community, suggesting a more contemporary layout and systems compared to much of the neighbourhood stock. This combination suits buyers looking for a move-in ready, sizable home without the upkeep of an older character property. It would particularly fit growing families seeking indoor and outdoor space, or those valuing the stability and established feel of a mature neighbourhood like Ridgedale, while still benefiting from relatively modern construction.

A less obvious perspective is the home’s efficiency of investment. Its high city-wide rankings for value and size suggest you are acquiring a property that already stands out in the broader market, which can be a stabilizing factor. Additionally, its newer age within an older community often means fewer immediate major renovation concerns compared to neighbouring homes, allowing owners to focus on personalization rather than urgent updates.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, being newer than 91% of homes in Ridgedale highlights its modern advantage in the area, while ranking in the top 2% of Winnipeg for living space underscores its significant size.

2. Is the basement included in the 2,688 sqft living area?
Typically, the main living area (sqft) refers to above-grade space. The listing separately notes a finished basement, meaning additional livable space that adds to the home’s total functional footprint.

3. How does the assessed value relate to the asking price?
The municipal assessment of $993,000 is for tax purposes and reflects a mass appraisal valuation from a prior date. It’s a useful data point showing the home is valued in the top 1% of Winnipeg properties, but the sale price will be determined by current market conditions.

4. What are the potential benefits of such a large lot?
Beyond privacy and space for recreation, a lot of this size (over 1/4 acre) offers long-term flexibility. It could accommodate additions like a large deck, shed, or pool, and may have better potential for subdivision or landscaping projects than standard lots.

5. As a 26-year-old home, what should I be mindful of?
While newer than most in the area, a home from 2000 will be approaching key maintenance intervals. A thorough inspection should focus on the roof, original HVAC systems, windows, and any major appliances that may be nearing the end of their typical lifespan.