Property Overview: 126 Water Ridge Path, Winnipeg
Key Characteristics & Appeal
This 1,634 sqft home, built in 2017, presents a compelling mix of modern convenience and relative value within Winnipeg. Its standout feature is its age; it is one of the newest homes on its street and ranks among the top 5% city-wide for year built, suggesting modern construction standards, systems, and less immediate need for major updates. The living space is efficiently sized, offering more room than the average Winnipeg home while being on par with its immediate neighborhood.
The appeal lies in this balance. The assessed value of $520K is notably below the street average, potentially indicating a value opportunity in a newer home, though it remains above the city average. It suits buyers seeking a move-in ready, modern property without a premium price tag compared to its direct neighbors. It would particularly fit first-time buyers or downsizers who prioritize newer infrastructure and efficient layout over a larger lot, as the yard size is smaller than others on the street.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Based on assessed values, this home is priced below the street average ($559.7K), while being one of the newest properties. This could represent a relative value, but it's essential to understand the reasons behind the lower assessment through a viewing and potential inspection.
2. What does the "Elite" ranking for year built mean?
This means the home is newer than approximately 98% of comparable properties on its street and 95% across Winnipeg. It signifies a modern build with likely contemporary features and building codes.
3. The lot size is noted as "Below Average" for the street. How significant is this?
The lot is 4,672 sqft compared to a street average of 5,820 sqft. This means the yard is moderately smaller than many neighbors. It may appeal to those wanting less maintenance, but buyers seeking extensive outdoor space should take note.
4. How reliable is the sold price data from 2017?
The site states sold price data is from public online sources, not the MLS, and is presented as a range. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email.
5. The city-wide living area rank is high, but the neighborhood rank is average. Why?
This indicates the home is larger than most in Winnipeg overall, but is typically sized for the Rosser-Old Kildonan area. It reflects that this neighborhood generally features homes with above-average square footage compared to the rest of the city.