Property Overview: 95 Dedrick Bay, Winnipeg
Key Characteristics & Buyer Appeal
This 2020-built home in Ridgewood South offers a modern, low-maintenance foundation in a newer neighbourhood. Its primary appeal lies in its efficient and above-average living space (1,871 sq ft) relative to both its immediate street and the wider Winnipeg market, where it ranks in the top 15% for size. The assessed value of $548k is notably strong for the street (top 10%), suggesting a premium finish or positioning within this specific locale. A thoughtful perspective is that this home represents a "sweet spot" – it's newer than 97% of city homes, offering modern systems and minimal immediate repair concerns, yet it's not the newest on its block, which may provide a slight value advantage over brand-new constructions.
The lot size (4,570 sq ft) is smaller than most in Ridgewood South, which translates to less yard upkeep—a plus for busy professionals or those seeking a lock-and-leave lifestyle. This property would best suit buyers prioritizing a modern, move-in-ready home with generous interior space over a large private yard. It’s ideal for growing families or professionals who want the benefits of a newer build without venturing to the city's outer edges, and for those who see value in a home that already has a strong assessed value footing on its street.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is below the neighbourhood average, it means less maintenance and lower landscaping costs. The trade-off is a smaller private outdoor space, but the home compensates with above-average interior square footage.
2. The assessed value seems high for the street. Why?
At $548k, it ranks 4th highest out of 42 on Dedrick Bay. This premium could be due to superior finishes, a favourable lot location, or upgrades made since its 2020 construction. It's a sign the property is likely among the street's most refined.
3. What does the sale history indicate?
It last sold in September 2020 for an estimated $400k-$450k. The significant increase to its current $548k assessment reflects broader market appreciation and the added value of a now-established, no-longer-brand-new home.
4. Is this a good value for the Ridgewood South area?
The home's assessed value is actually slightly below the neighbourhood average ($560.2k), while its living area is on par. This suggests you may get more interior space for your dollar here compared to other homes in Ridgewood South.
5. How can I verify the exact past sale price?
The site provides estimated price bands. For the precise sale figure and full history, you must request a manual lookup via email, as this data is not sourced from the MLS system.