Property Overview: 85 Kestrel Way, Ridgewood South, Winnipeg
Key Characteristics & Appeal
This 1,817 sqft home, built in 2019, presents a compelling blend of modern convenience and long-term potential. Its primary appeal lies in the exceptional lot size—over 10,500 sqft—which ranks in the top 2% on its street and top 5% citywide. This offers rare space for expansion, gardening, or outdoor recreation in a newer build. While the living area is average for the immediate area, it is notably above the Winnipeg average, and the home's age is a significant asset citywide, ranking in the elite top 4%, suggesting modern building standards and less immediate maintenance.
The assessed value of $455k sits below the averages for both the street and the broader Ridgewood South neighborhood, yet above the citywide average. This positioning may indicate value relative to its immediate peers, especially when considering the premium lot. The home would suit buyers seeking a modern property with ample yard space in a established newer subdivision, ideal for families, outdoor enthusiasts, or those planning future additions like a garage, workshop, or pool. It's a property where the land is a standout feature, offering a tangible asset that newer developments often lack.
Frequently Asked Questions
1. Is the below-average assessed value for the area a concern?
Not necessarily. It can reflect the specific characteristics at the time of assessment. Given the home's above-average lot size and modern age, this may represent a value opportunity compared to neighboring properties, especially if interior updates or landscaping could increase its value.
2. How does the lot size compare to typical new builds?
It is substantially larger. The lot is nearly double the street average and significantly above newer subdivision norms citywide. This is a less common find in homes of this age and is a key differentiator.
3. What does the "elite" citywide ranking for year built mean?
It means this home is newer than approximately 96% of comparable properties across Winnipeg. This suggests advantages like contemporary layouts, energy efficiency, and updated building materials, potentially reducing near-term repair costs.
4. The living area is ranked average locally but above average citywide. Which is more relevant?
This depends on your lifestyle. If you primarily compare yourself to neighbors in Ridgewood South, the size is typical. However, for the price, you are getting significantly more space than the typical Winnipeg home, which is a positive perspective when considering overall value.
5. Can I verify the exact historical sold price?
The public data shows a sold price range of $450k-$500k for September 2019. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as they do not display MLS sold records directly.