Property Overview: 87 Dedrick Bay, Winnipeg
Key Characteristics & Appeal
This 2021-built home in Ridgewood South offers a modern, move-in-ready foundation with a practical 1,722 sqft layout. Its primary appeal lies in its strong positional value within the broader Winnipeg market. While the home's size is typical for its immediate street and neighborhood, it stands out significantly city-wide, ranking in the top 20% for living area. The lot size of 6,890 sqft is notably above average for Dedrick Bay, offering more outdoor space than most direct neighbors. With an assessed value of $534k, it sits well above the street average, indicating a premium property on its block, and ranks in the top 15% city-wide for value.
This property would suit buyers seeking a relatively new construction home who value a larger lot in a developing area. It’s ideal for those who prioritize modern building standards and low initial maintenance, while also making a calculated investment in a home that holds above-average value metrics both locally and across Winnipeg. A thoughtful perspective is that this home represents a "best-in-block" opportunity—it commands a higher value than most on its street, suggesting desirable features or condition, yet remains competitively positioned within the wider city landscape.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the home last sold between $500k-$550k in late 2021. Its current assessed value of $534k places it in the top 17% (7th highest) of 42 homes on Dedrick Bay, against a street average of $492.4k.
2. Is the lot size a significant feature?
Yes. The 6,890 sqft lot ranks 6th largest out of 42 on the street, where the average is 5,540 sqft. This provides more private outdoor space than is typical for the immediate area.
3. How does the living space compare to other Winnipeg homes?
The 1,722 sqft is above the Winnipeg average of 1,342 sqft for comparable homes, placing it in the top 20% city-wide. On its own street and in Ridgewood South, however, it is very close to the average size.
4. What does the "Elite" city-wide ranking for year built mean?
Built in 2021, this home is newer than 98% of comparable homes across Winnipeg, placing it in the top 2%. This suggests far lower concerns for major aging components (like roof, furnace, windows) compared to the typical city home.
5. How can I verify the exact historical sale price?
The public data shows a sold price range. To obtain the exact sale figure and a fully verified transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS.