Property Overview: 71 Dedrick Bay, Ridgewood South, Winnipeg
Key Characteristics & Appeal
This 2021-built home at 71 Dedrick Bay is a modern, above-average sized property in a street of relatively new homes. Its primary appeal lies in its spacious 2,203 sqft living area, which ranks in the top 5% on its own street and the top 7% city-wide, offering significantly more interior space than the average Winnipeg home. With an assessed value of $549k, it sits above average for its street and the city, but interestingly, slightly below the current average for the broader Ridgewood South neighborhood. This positioning could present a value opportunity within a desirable area.
The home suits buyers seeking a move-in ready, modern build without the wait or uncertainties of new construction. It’s ideal for those who prioritize generous indoor living space over a very large yard, as the lot size is closer to the city average. The data suggests a buyer who values being part of a cohesive, contemporary streetscape—most homes on Dedrick Bay were built around the same time—while still gaining a size advantage over most neighbors.
Frequently Asked Questions
1. How does the assessed value compare to the likely selling price?
The assessed value of $549k is a municipal valuation for tax purposes, not a market price. It ranks above average for the street and city. The last sold price in 2021 was between $500k-$550k. A current market evaluation would be needed to determine today’s listing or sale price.
2. Is the lot size a drawback?
At 5,854 sqft, the lot is above average for Dedrick Bay but smaller than the typical lot in Ridgewood South. It balances a manageable yard with a large interior. It’s a drawback only if extensive outdoor space or privacy from neighbors is a top priority.
3. What does the "Top 41%" neighborhood ranking for value mean?
This means the home’s assessed value is around the middle of the pack for Ridgewood South. It indicates you may get more house (in terms of living area and newness) for your dollar here compared to other neighborhood properties, where average values are higher but homes may be older or smaller.
4. How reliable is the sold price data shown?
The displayed sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, which they provide via email.
5. What are the implications of the home being built in 2021?
As a 5-year-old home, it should still carry most of its original builder warranties and will have modern building codes, insulation, and systems. It ranks in the top 2% newest homes city-wide, meaning major components like the roof, HVAC, and appliances are unlikely to need immediate replacement.