Property Summary: 77 Cypress Ridge, Winnipeg
Key Characteristics & Appeal
This home at 77 Cypress Ridge in South Pointe presents a balanced, modern offering within a well-established neighborhood. Built in 2011, it is notably newer than most Winnipeg homes and is one of the newer properties on its own street. With 1,654 sqft of living space, it sits above the citywide average but is slightly more compact than the typical larger homes in South Pointe, suggesting efficient use of space. The assessed value of $569,000 is significantly above the Winnipeg average, yet is competitive for both the street and neighborhood, indicating a premium for its modern build in a desirable area.
Its primary appeal lies in this balance: it offers modern construction (potentially meaning fewer immediate maintenance concerns) within a mature community, at a value that is strong city-wide. The lot size is generous compared to the city norm. This property would suit buyers looking for a turn-key, newer home who want the established feel of South Pointe without an ultra-high neighborhood price point. It’s also a practical choice for those who value efficient space over sheer square footage, and for whom a newer build is a priority to avoid the quirks and update projects of an older house.
Frequently Asked Questions
1. How does the sold price from 2023 relate to the current assessed value?
The home sold for between $600,000 and $650,000 in June 2023. The current assessed value of $569,000 is a municipal assessment for tax purposes, not a market appraisal. The difference suggests the assessment may not fully reflect recent market conditions or specific features that buyers valued at the time of sale.
2. Is the living space considered small for the area?
Yes, relative to South Pointe. The living area ranks in the top 73% of the neighborhood, meaning about 73% of comparable homes are larger. The neighborhood average is 1,922 sqft, so this home is about 268 sqft smaller. This isn’t unusual for a newer infill property and may appeal to those seeking easier maintenance.
3. What does the "Above Average" city-wide ranking for value really mean?
It means this home’s assessed value is in the top 11% of all comparable homes in Winnipeg. This highlights that while it may be competitively priced within South Pointe, it represents a premium property in the broader Winnipeg market, largely due to its newer age, location, and lot size.
4. How can I get the exact historical sold price data?
The site notes that due to industry rules, exact MLS sold records are not displayed. You must request the exact figures via email from the site provider, who will manually look them up and send them to you.
5. The home is newer than most on the street. What are the potential pros and cons of that?
A key advantage is modern building standards, materials, and systems, which often mean better energy efficiency and lower immediate repair costs. A less obvious consideration is that the architectural style or floor plan might differ from older neighbors, and the landscaping/trees will be less mature, which can affect privacy and aesthetic appeal.