Property Overview: 56 Kelly Place, Winnipeg
Section 1: Key Characteristics & Buyer Appeal
This 2016-built home in Ridgewood South presents a specific value proposition. At 1,281 sqft, its living space is notably smaller than most homes on its street and in its immediate neighborhood, but it is very close to the average size for Winnipeg as a whole. This creates an interesting dynamic: it’s a modern, low-maintenance home in a well-established area of newer properties.
Its primary appeal lies in its efficient scale and relative value. With an assessed value of $454k, it sits below the averages for both Kelly Place and Ridgewood South, yet it is above the citywide average. This suggests you are acquiring a newer home in a desirable neighborhood at a lower entry point than most of its direct peers. The lot size is consistent with the street average, offering standard outdoor space.
This property would best suit first-time buyers or downsizers seeking a modern build (just 10 years old) without the premium price tag of the largest homes in the area. It’s for those who prioritize newer systems and construction over sheer square footage, and who see the value in being part of a neighborhood where their property’s assessed value is competitive on a citywide scale. A thoughtful perspective is that this home offers a way to access a top-tier neighborhood (Ridgewood South ranks highly overall) in a more manageable, affordable package.
Section 2: Frequently Asked Questions
1. Is this home significantly smaller than its neighbors?
Yes. The data shows it has the smallest living area on Kelly Place and is in the bottom 5% for size within the Ridgewood South neighborhood. However, it is virtually identical to the typical Winnipeg home.
2. Why is the assessed value lower than the street and neighborhood averages?
The lower assessed value is closely tied to the home’s smaller living area compared to its immediate peers. On Kelly Place and in Ridgewood South, larger homes are the norm, pulling the average value up. Citywide, its value is actually above average.
3. As a newer home, does it have any advantages over older ones in Winnipeg?
Yes. Built in 2016, it is newer than approximately 94% of homes across Winnipeg. This typically suggests greater energy efficiency, modern building standards, and less immediate need for major repairs or updates compared to the city’s median home age of 1966.
4. What do the past sale prices indicate?
It sold in 2016 and again in 2020, both times within the $400k-$450k range. These past prices were in the top 25-30% of Winnipeg sales at those times, confirming its history as a property valued above the city median.
5. How can I get the exact historical sold prices?
The precise sale figures are not published on this site due to data source rules. You can request the exact sold price history by emailing the site directly; they will provide the figures manually at no cost.