Property Overview: 50 Cassowary Lane, Winnipeg
Key Characteristics & Appeal
This home at 50 Cassowary Lane is a modern, above-average residence in Winnipeg's Ridgewood South neighborhood. Built in 2023, it is notably newer than most homes in the city, placing it in the top 1% citywide for its age. With 2,108 sqft of living space, it offers more room than the majority of Winnipeg homes (top 8% citywide) and is slightly above the neighborhood average. The assessed value of $733,000 reflects its premium positioning, ranking in the top 3% across Winnipeg and the top 11% within Ridgewood South.
The primary appeal lies in its modern construction combined with generous interior space, offering a move-in-ready home with minimal immediate maintenance concerns. Its value is contextual: on its own street of newer homes, it is competitive in size and value, but it truly stands out when viewed against the broader city's older housing stock. The lot size (5,287 sqft) is smaller than many in the immediate area, which may appeal to buyers seeking a modern home with less yard maintenance.
This property would best suit buyers prioritizing a contemporary build in a established neighborhood, who value space and modern amenities over a large yard. It's ideal for professionals or families looking for a home that doesn't require updates and offers a strong value proposition relative to the wider Winnipeg market.
Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold between $650,000-$700,000 in September 2023. Its current assessed value of $733,000 is higher, which may reflect market movements, the assessed value methodology, or improvements.
2. Is the lot size a drawback?
The lot is smaller than the average on Cassowary Lane, but is near the citywide average. It means less yard maintenance but may offer less private outdoor space than some neighboring properties.
3. What does the "Elite" citywide ranking for value really mean?
It indicates this home's assessed value is higher than about 97% of comparable properties across Winnipeg. This highlights its premium market position but also suggests property taxes will be commensurate with this valuation.
4. The home is newer than most in the city. What are the implications?
A 2023 build typically means modern building codes, energy efficiency, and likely fewer major repair needs in the short-to-medium term compared to the city's average home from 1966.
5. Are the sold prices for nearby homes directly comparable?
Not exactly. The listed nearby sales vary in size, age, and lot. For example, similar-sized homes on the same street (like 23 Cassowary Lane) have lower assessed values, which could be due to lot size, finishes, or specific location factors. A detailed comparison is advised.