56 Cassowary Lane

Property Overview: 56 Cassowary Lane, Ridgewood South, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a modern, spacious property built in 2023, offering a move-in-ready experience in Winnipeg's Ridgewood South neighborhood. Its primary appeal lies in its above-average and elite rankings for space and newness compared to most of the city. With 2,364 sqft of living area, it provides significantly more interior space than the typical Winnipeg home, placing it in the top 4% city-wide. The 2023 build date means it is essentially a new home, likely featuring contemporary finishes and systems, and ranking in the top 1% for age in the city.

The property’s value proposition is nuanced. While its assessed value (~$697k) is elite city-wide (top 4%), it is around the average for its own street, suggesting you are paying for premium space and new construction in an established, desirable area rather than an outlier location premium. The lot size is fairly standard, indicating the focus is on the home itself. This combination suits buyers seeking a modern, spacious family home without the wait or uncertainties of new construction, and who value being on a street of similar, high-value properties. It’s a solid choice for professionals or growing families looking for a long-term home with minimal immediate upkeep, within a community of newer builds.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others on the street?
The home’s assessed value is near the street average, but it is newer than most. You are effectively purchasing one of the newest homes on the block at a value in line with the existing market there.

2. Is the lot size typical for the area?
The lot is slightly smaller than the average for the broader Ridgewood South neighborhood but is very close to the average for Cassowary Lane itself and is standard for Winnipeg overall. The property’s emphasis is on interior living space.

3. What can the 2023 sold price range tell me?
The home sold for an estimated $700k-$750k in late 2023. This provides a recent benchmark, but for precise figures and full transaction history, a manual lookup through the site is required due to data display rules.

4. How does the living space truly compare?
The living area is a standout feature. It is larger than 96% of comparable homes in Winnipeg, 93% in Ridgewood South, and 71% of homes on Cassowary Lane, offering ample room by any measure.

5. What are the potential long-term considerations?
As one of the newest homes in a top-tier city-wide bracket, major components like the roof, HVAC, and appliances should have considerable life left. However, being part of a newer development phase means the landscape and neighborhood maturity are still evolving compared to older areas.