Property Overview: 78 Cassowary Lane, Ridgewood South, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a modern, well-sized property built in 2022, offering a blend of contemporary living within a mature and established neighborhood context. Its key appeal lies in its relative newness and above-average citywide standing, contrasted with its more modest positioning on its own street.
The 1,582 sqft living area is notably above the Winnipeg average, providing ample space, yet it is one of the smaller homes on Cassowary Lane, where properties tend to be larger. This creates a unique dynamic: you get a newer, low-maintenance home without the premium lot size of some neighbors. The assessed value of $583k follows a similar pattern—it sits well above the city average but is below the street's norm, suggesting a potential value opportunity within a desirable enclave.
This property would suit buyers seeking a modern build in a settled area who prioritize interior space and newer systems over having the largest lot on the block. It’s a pragmatic choice for someone who wants a turn-key home in a strong neighborhood without paying the peak price for the street’s largest properties. The data indicates it offers a balance of contemporary comfort and established community, appealing to those who value move-in readiness and long-term neighborhood stability.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighborhood?
The data suggests it could be. While its assessed value is above the neighborhood average, it is significantly below the average for its specific street. This indicates you may be acquiring a newer home in a premium location without the price tag of the street's largest estates.
2. How does the lot size compare?
At 5,844 sqft, the lot is close to the street and city averages but is smaller than the typical lot in the wider Ridgewood South area. This means outdoor space is reasonable but not expansive compared to some nearby properties.
3. What does the "Top 1%" citywide ranking for year built mean?
It means this is among the newest 1% of comparable homes across all of Winnipeg. This is a significant advantage, implying modern construction standards, energy efficiency, and minimal immediate repair needs compared to the city's largely older housing stock.
4. The home sold in 2022. What does that past sale indicate?
It sold for an estimated $650k-$700k when brand new. The current assessed value of $583k reflects a municipal assessment, not a market price, but the history shows it was a premium new-build purchase just a few years ago.
5. Who are the likely neighbors?
The street consists mostly of very large, high-value homes (average value ~$714k). This home, while valuable city-wide, is situated among what the data suggests are some of the area's most substantial properties, indicating a high-quality residential setting.