Property Overview & Key Characteristics

This 1993-built two-storey home in Ridgedale offers a compelling combination of space, land, and established community living. Its primary appeal lies in its generous 3,203 sqft of living area and a large, 10,109 sqft lot, placing it in the top tier of Winnipeg homes for size. The property features a finished basement and an attached garage. While the home itself is over three decades old, its enduring value is reflected in a municipal assessment nearing $1 million. The rankings provided indicate it is a substantially larger and more valuable property than the vast majority of homes across Winnipeg, though it is more typical in age and value within its immediate streetscape.

The home would best suit buyers looking for established, spacious family living without venturing into brand-new subdivisions. It’s ideal for those who prioritize interior square footage and a sizable yard over a recently built structure. The data suggests a buyer comfortable with a home that may require updates reflective of its era but who values the mature neighbourhood setting and the rarity of such a large property footprint in the city.

Frequently Asked Questions

1. What do the ranking percentages actually mean?
They show how this property compares to others in three geographic circles. For example, being in the "top 1%" for living area in Winnipeg means 99% of city homes are smaller. However, on its own street, it surpasses only 63% of neighbours in size, indicating a street of generally larger homes.

2. The house is 33 years old. What should I expect?
While systems and structure are likely sound, a home of this age may need attention to original components like windows, roofing, or major mechanical systems (furnace, water heater). The interior finishings would also reflect 1990s styles, presenting an opportunity to modernize to personal taste.

3. How significant is the lot size?
At over 10,000 sqft, the lot is a major feature. It offers ample private outdoor space for gardening, recreation, or potential additions like a large deck or shed, which is increasingly rare in newer developments.

4. The assessment is $907,000 but the asking price may differ. Why?
Municipal assessments are for tax purposes and use mass appraisal techniques, often lagging behind the current market. The sale price is determined by what a buyer is willing to pay based on recent comparable sales, condition, and market demand at the time of listing.

5. What is the neighbourhood (Ridgedale) like?
Ridgedale is a mature, established neighbourhood. This typically means larger lots, older tree canopies, and a settled community feel. Considerations include the age of local infrastructure and the mix of long-term residents versus newer families moving into older homes.