Property score
89.9
Excellent
Overall 89.9 · Larger than most nearby homes
4,389 sqft (top 4%) · Built in 1989 (10 yrs newer than avg)
Located in a high-income area with median household income of ~118k
Transit 80.0 · 4-min walk to transit with 3 nearby routes
ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ
Above average
83% larger than neighborhood avg.
ਤਰੀਕ ਤੋਂ ਬਣਿਆ
Near average
10 yrs newer than neighborhood avg.
Mother tongue
English · 89%Punjabi · 21%
Past 10 years Ridgedale sales snapshot (~80% of all data)
65
790k
$323/sqft
1979
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89.9 is composed by the two sections below.
Property Score
Community Score
Ridgedale
How to read: Share of sales in each ~$50k price band for “ridgedale” (ਡੀਟੈਚਡ ਘਰ (ਕੋਂਡੋ ਨਹੀਂ), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111100
$118K
Median household income
$170K
Average household income
4%
Low income (LIM-AT)
0.4
Income inequality (Gini)
4.2
P90 / P10 ratio
27%
Single-person households
25%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
ਜ਼ਮੀਨ: ਵੱਡਾ ਖੇਤਰ = ਬਿਹਤਰ ਰੈਂਕ
ਸਾਲ: ਨਵਾਂ = ਬਿਹਤਰ ਰੈਂਕ
ਰਹਿਣ ਖੇਤਰ: ਵੱਡਾ = ਬਿਹਤਰ ਰੈਂਕ
ਮੁਲਾਂਕਣ: ਉੱਚਾ ਮੁੱਲ = ਬਿਹਤਰ ਰੈਂਕ
ਬਾਰ: ਭਰਨ ਦੀ ਲੰਬਾਈ ≈ ਤੁਸੀਂ ਕਿੰਨੇ ਸਹਿਪਾਠੀਆਂ ਨੂੰ ਪਛਾੜਦੇ ਹੋ; ਧੁਰੀ ਉੱਤੇ ਲਾਲ → ਪੀਲਾ → ਨੀਲਾ ਗਰੇਡੀਐਂਟ (ਖੱਬੇ ਤੋਂ ਸੱਜੇ)। ਟੂਟੀ ਲੰਬਵਤ ਲਕੀਰ ≈ ਮੀਡੀਅਨ ਬੈਂਚਮਾਰਕ; ਚਿੱਟਾ ਟਿਕ (ਹਲਕੀ ਛਾਂ) = ਤੁਹਾਡੀ ਸਥਿਤੀ। ਬੈਜ ਰੰਗ / diamond ਤੇ flame ਆਈਕਨ ਅਜੇ ਵੀ ਟਾਇਰ ਦੇ ਅਨੁਸਾਰ।
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
ਨੇੜੇ ਦੇ ਸਟਾਪ, ਰੂਟ ਅਤੇ ਟ੍ਰਾਂਜ਼ਿਟ ਸਕੋਰ
Dining, education, healthcare, shopping & more
Ridgedale · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Violent
100%
ਉਹੀ ਸਟ੍ਰੀਟ
ਉਹੀ ਇਲਾਕਾ
ਪੂਰਾ ਸ਼ਹਿਰ
| ਮਾਪ | ਉਹੀ ਸਟ੍ਰੀਟ | ਉਹੀ ਇਲਾਕਾ | ਪੂਰਾ ਸ਼ਹਿਰ |
|---|---|---|---|
ਵਿਕਰੀ ਮੁੱਲ | ਟਾਪ 25% | ਟਾਪ 2% | ਟਾਪ 1% |
Request exact figures by email
Address · Year Built · Living Area
ਪਤਾ · ਦੂਰੀ
Property Overview: 55 Bishop's Lane
Key Characteristics, Appeal & Ideal Buyer
This is a distinctive, one-storey estate property in Winnipeg's Ridgedale area, sitting on over 1.5 acres of land. Its primary appeal lies in its exceptional combination of scale, privacy, and established prestige. The nearly 4,400 sqft finished living space, complete with a finished basement and in-ground pool, is situated on a lot size that ranks in the top 1% for Winnipeg, offering a rare level of seclusion within the city. The home's consistent top-tier rankings—often in the 99th percentile for value, size, and lot dimensions within its community and city—confirm its status as a premier property.
Beyond the obvious space and amenities, its thoughtful appeal includes a manageable single-level layout ideal for seamless living and entertaining, and the maturity of a 37-year-old property on a fully developed, expansive lot. The significant 2022 sale price suggests a property that has seen substantial upgrades or possesses unique value drivers not fully captured by its assessed value.
This home would best suit buyers seeking a legacy property with no compromises on land size, those who value ultimate privacy without leaving the city, or multi-generational families looking for a unified, spacious floor plan. It is for a purchaser who understands the long-term stewardship of a landmark estate, not just a transaction.
Frequently Asked Questions
1. Why is there such a large difference between the 2022 sale price ($5M) and the current assessed value ($3.2M)?
Property assessments in Manitoba are based on mass appraisal for municipal tax purposes and often lag behind the current market, especially for unique, high-end properties. A recent sale price is typically a stronger indicator of true market value for a one-of-a-kind estate like this.
2. Is a one-storey home of this size efficient to maintain?
While the single-level layout is highly convenient for daily living, potential buyers should budget for the operational costs associated with heating, cooling, and maintaining a large, 37-year-old structure and its extensive grounds, including the pool. The scale necessitates robust systems.
3. What does the "top 1%" ranking actually mean for a buyer?
These data-driven rankings concretely show that this property outperforms 99% of all Winnipeg homes in key metrics like lot size and living area. It translates to unparalleled scarcity in the market, which is a fundamental driver of long-term value and desirability.
4. Who would be the typical buyer for this property?
Given its price point and characteristics, likely buyers include successful professionals or business owners seeking a private compound within the city, families prioritizing space and amenities over a downtown location, or those relocating from larger centers where similar land is unattainable.
5. Are there any considerations with a lot this large?
Yes. Buyers should appreciate the benefits of ultimate privacy and space, but also consider the associated responsibilities: higher landscaping and snow removal costs, the potential for longer private driveway maintenance, and ensuring proper zoning for any future plans like additions or outbuildings.
