Property Overview: 91 Dedrick Bay, Winnipeg
Key Characteristics & Appeal
This 2021-built home in Ridgewood South presents a compelling mix of modern convenience and relative value. Its key characteristic is its position as a newer, more affordable entry within an established and desirable neighbourhood. At 1,196 sqft, the living space is notably smaller than most homes on its street and in Ridgewood South, but it is very close to the average size for Winnipeg as a whole. This suggests a efficient, likely low-maintenance layout ideal for smaller households.
The primary appeal lies in its modern age and its assessed value. As a home built just five years ago, it ranks in the top 2% city-wide for newness, offering contemporary building standards and minimal immediate repair concerns. Its assessed value of $428k is below the averages for both its street and neighbourhood, yet above the city-wide average. This positions it as a value-conscious option within a premium area—a chance to secure a modern home in Ridgewood South without the typical price tag. The lot size is consistent with area norms.
This property would suit first-time buyers or downsizers seeking a turn-key, newer home in a sought-after community without the footprint or cost of a larger estate. It’s also a practical choice for investors or buyers prioritizing modern infrastructure and location over sheer square footage, who see the smaller size as an opportunity for lower utility and upkeep costs.
Frequently Asked Questions
1. Is this home significantly smaller than its neighbours?
Yes. The living area is below average for both Dedrick Bay and the wider Ridgewood South neighbourhood. This is a key factor in its more accessible price point within this area.
2. What does the "Top 2%" city-wide ranking for year built mean?
It means this home is newer than approximately 98% of comparable properties across Winnipeg. This is a major advantage, suggesting modern construction, energy efficiency, and likely fewer near-term maintenance issues compared to the typical Winnipeg home.
3. Why is the assessed value below the neighbourhood average?
The below-average assessed value is closely tied to the home's smaller living area relative to others in Ridgewood South. The valuation reflects the property's modern condition but also its more compact size.
4. How reliable is the sold price data shown?
The site notes that sold price data is from public sources, not the MLS, and is presented as a range unless you request exact figures. For fully verified transaction history, you must contact the site directly for a manual lookup.
5. What are the less obvious trade-offs of a newer home in this setting?
While offering modern amenities, a 2021 build on a established street may have a smaller, more efficient yard compared to older lots. The architectural style and interior finishes may also differ from those of the original neighbourhood homes, which could be a consideration for some buyers.