Property Overview: 7 Peregrine Point, Ridgewood South, Winnipeg
Key Characteristics & Appeal
This home at 7 Peregrine Point is a spacious, modern property built in 2017. Its primary appeal lies in its generous 2,538 sqft of living area, which ranks in the top 3-4% city-wide and is considered elite for both the neighborhood and the city. This means you get significantly more interior space than the vast majority of Winnipeg homes. The assessed value of $608k is above average for Winnipeg overall, but sits around the average for its own street, suggesting it is priced consistently within its immediate, desirable enclave of newer homes.
The property suits buyers looking for a move-in ready, contemporary home in a well-established newer subdivision. It’s ideal for those who prioritize ample indoor living space over a very large yard, as the lot size is more modest compared to some neighborhood averages. A thoughtful perspective is that this home offers a balance: you benefit from the modern construction and efficiencies of a 2017 build while being situated on a street and in a wider area where most homes are from a similar period, lending aesthetic consistency and potentially similar maintenance timelines for the community.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value is very close to the street average but is above the neighborhood average. This indicates you are paying a premium for this specific, well-sized home on Peregrine Point compared to the broader Ridgewood South area, but are in line with the going rate for this particular street.
2. Is the lot size a drawback?
The 5,622 sqft lot is around the city average but smaller than some lots in Ridgewood South. It suits buyers who prefer lower outdoor maintenance. For gardening or extensive outdoor living, it may feel constrained compared to other properties in the area.
3. What does the sold history from 2017 tell us?
The home sold for between $450k-$500k when new. The increase to its current $608k assessment reflects market appreciation over 7-8 years. This steady growth is consistent with the desirability of newer homes in this part of Winnipeg.
4. Who are the most likely neighbors?
Given the uniform year-built data for the street (average 2017), your immediate neighbors are likely to be original owners or first resales, creating a community of residents at a similar life stage, which can be appealing for family dynamics and neighborhood cohesion.
5. How reliable is this market data?
The sold price data is sourced from public records, not the MLS, and is presented in ranges for non-registered users. For fully verified, exact historical sale figures, you must request a manual lookup from the site via email, as per the disclaimer provided.