Property Overview: 142 Water Ridge Path, Winnipeg
Section 1: Key Characteristics & Appeal
This 2017-built home at 142 Water Ridge Path presents a compelling mix of modern convenience and generous outdoor space. Its key characteristic is a very large, private lot of nearly 14,750 sq ft—one of the largest on its street and well above averages for both the street and the entire city. This offers significant potential for gardening, recreation, or future expansion.
The home’s appeal lies in its balance. While its 1,225 sq ft living area is modest compared to some immediate neighbors, it is a newer construction in a city where the average home is decades older, suggesting modern building standards and less immediate need for major updates. The assessed value of $552k is above the Winnipeg average, reflecting its desirable lot and newer age, yet it remains in line with the averages for its specific street and neighborhood.
This property would suit a buyer who prioritizes land and privacy over a large interior footprint. It’s ideal for someone wanting a manageable, modern home with ample yard space for children, pets, or hobbies. It could also appeal to a future-minded buyer who sees the oversized lot as a long-term asset, whether for personal enjoyment or potential value appreciation relative to standard-sized parcels.
Section 2: Frequently Asked Questions
1. Is the living space too small for the area?
While the home’s living area is below the average for Water Ridge Path and Rosser-Old Kildonan, it is close to the citywide average. The trade-off is the exceptionally large lot, which is uncommon for a home of this age and may offset the smaller interior for the right buyer.
2. Why is the assessed value so much higher than the city average?
The assessed value is influenced heavily by the large lot size and the home’s relatively new construction year (2017). Compared to Winnipeg’s average home built in 1966, this property carries a premium for its modern features and substantial land.
3. What does the sale history indicate?
The home was previously sold in early 2017, likely near its completion. The sold price range at that time placed it in the top tier for the area. This indicates it was a premium purchase from new and its current valuation has grown from that base.
4. How does the lot size compare to nearby properties?
The lot is elite in its context. It is ranked #1 out of 52 on Water Ridge Path and is more than double the street’s average lot size. It is also significantly larger than the typical Winnipeg lot, offering a rare level of space for a newer home.
5. Who would this property not suit?
Buyers seeking a large interior footprint or immediate move-in space without renovation may find the living area limiting. It is better suited to those who value outdoor space and see the home itself as a modern, efficient base rather than a sprawling interior.