Property Overview

This 1995-built two-storey home in Ridgedale presents a compelling opportunity on a large, mature lot. Its appeal lies in the combination of generous, well-proportioned living space and a highly desirable location. With over 2,650 sqft of finished living area, including a developed basement, the property offers ample room for a growing or established family. The nearly 11,650 sqft lot is a significant asset, providing substantial outdoor space that is increasingly rare in newer subdivisions.

The home’s standout feature is its exceptional position within the broader Winnipeg market. It ranks in the top 4% of the city for lot size and the top 2% for living area, meaning it offers more space than the vast majority of homes. This is balanced by a recent sale price that also places it in the city's top 1%, confirming its premium market position. It would best suit buyers who prioritize space and location over a brand-new build, and who are looking for a property with established landscaping in a quiet neighborhood. A thoughtful perspective is that while the house itself is three decades old, its value is fundamentally anchored by the land—a large, prime parcel in a settled community that cannot be replicated.

Key Questions for Consideration

1. How does the recent sale price compare to the city assessment?
The home sold for $1,025,000 in February 2024, which is approximately 14% above its current assessed value of $899,000. This indicates strong market demand for properties of this type and location.

2. What does the ranking data actually tell me?
The percentile rankings show how this property compares to others. For example, being in the "top 4% in Winnipeg" for lot size means 96% of city properties have smaller lots. It’s a relative measure of scarcity and appeal for key metrics.

3. Is the lot size a benefit or a burden?
A lot of this size (over a quarter-acre) offers tremendous potential for gardening, recreation, and privacy. Buyers should consider, however, that it also requires corresponding maintenance, landscaping, and potentially higher utility costs for outdoor upkeep.

4. What might the "dated" aspect of a 1995 home mean?
While major systems like roofing or windows may be reaching a typical lifespan, a home from this era often avoids the premium costs associated with brand-new construction. It also likely features more classic, substantial construction and room proportions compared to some newer builds. A pre-purchase inspection is essential.

5. Why is the location in Ridgedale considered an advantage?
The data shows the home outperforms over 84% of properties in its own community for assessed value, suggesting it's in a preferred part of Ridgedale. The community itself offers established amenities, mature tree canopies, and a sense of permanence that appeals to many.