Property Overview: 4 Kestrel Way, Ridgewood South, Winnipeg
Key Characteristics & Appeal
This 2,143 sqft home, built in 2019, presents a compelling blend of modern living and established value. Its primary appeal lies in its above-average size and contemporary age compared to the broader Winnipeg market. The living space ranks in the top 8% city-wide, offering more room than most homes in the city, while its 2019 build date places it in the elite top 4% for age in Winnipeg, suggesting modern construction standards and less immediate need for major updates.
The property sits in a nuanced position within its immediate locale. On Kestrel Way itself, it stands out for its living area (top 11%) and assessed value (top 20%), indicating it is a well-regarded home on its street. The lot size, while smaller than some in the wider Ridgewood South area, is manageable and typical for newer subdivisions, potentially appealing to those seeking less yard maintenance.
This home would suit buyers looking for a move-in ready, modern property that offers space and a solid investment profile. It’s ideal for growing families or professionals who value a home that is newer than the vast majority of the city’s housing stock. The data suggests it’s a strong performer on its own street, making it a good choice for someone who wants a premium home within a specific, newer community, rather than the largest lot in the neighborhood.
Frequently Asked Questions
1. How does this home’s value compare to its last sale price?
The home sold in August 2019 for between $500,000 and $550,000. Its current assessed value is $537,000, indicating stable or modest appreciation in line with its street’s average assessed value of approximately $497,000.
2. Is the lot size a disadvantage?
The 4,628 sqft lot is below the neighborhood average but is around average city-wide. It represents a trade-off: it allows for a larger modern home on a manageable yard, which suits buyers preferring less outdoor upkeep. For those prioritizing extensive private outdoor space, it may be a consideration.
3. What does the "elite" city-wide ranking for year built mean?
This means the home is newer than approximately 96% of comparable properties across Winnipeg. For a buyer, this translates to potential benefits like modern building codes, newer major systems (roof, HVAC), and contemporary floor plans, likely reducing near-term renovation costs.
4. How accurate are the sold price figures provided?
The site states sold prices are based on publicly available internet data with limited verification and are not sourced from the MLS. For fully verified figures and exact sale amounts, you must request a manual lookup via email from the service.
5. The assessed value is above average on the street but "around average" for the neighborhood. What does this indicate?
This suggests Ridgewood South is a varied area with a mix of home values. This property is a higher-tier home on its specific street (Kestrel Way), but the neighborhood overall includes pockets with higher-value homes. It highlights the importance of evaluating a property on its immediate block as well as within the wider community.