Property Overview: 59 Dedrick Bay, Winnipeg
Key Characteristics & Appeal
This 2020-built home in Ridgewood South offers a modern, low-maintenance living space with 1,871 sqft of living area, which is notably above average for Winnipeg overall. Its primary appeal lies in its contemporary construction, providing the benefits of a newer home (like modern building codes, systems, and finishes) without the wait and decisions required for a new build. The lot size is consistent with others on the street, offering a balanced outdoor space.
A thoughtful perspective for buyers is its position as a relative value within its immediate area. While the home is above average in size city-wide, its assessed value is below the averages for both its street and the broader Ridgewood South neighborhood. This suggests a potential opportunity compared to neighboring properties, though it warrants investigation into the specific reasons. The home would suit first-time buyers or young families seeking a turn-key, modern property in a developing area, as well as value-conscious buyers looking for a newer home that may be priced more accessibly than its immediate peers.
Frequently Asked Questions
1. Why is the assessed value below the street and neighborhood averages?
This is a key question. It could be due to factors like specific lot characteristics, interior finish levels, or the timing of the assessment. It’s advisable to review the detailed assessment and compare the home’s specific features with recently sold properties in the area.
2. What are the property taxes?
The annual property tax can be calculated by applying the City of Winnipeg’s current tax rate to the $442,000 assessed value. A real estate agent or the city’s tax calculator can provide the precise annual amount.
3. How does the lot size compare for the area?
At 5,614 sqft, the lot is typical for Dedrick Bay but is smaller than the average lot in the wider Ridgewood South neighborhood. This is common for newer developments and translates to less yard maintenance.
4. Can I get the exact historical sale price?
The public data shows the home sold in March 2020 for between $350,000 and $400,000. For the exact sale price and a full transaction history, you must request a manual lookup from the site via email, as they do not display MLS sold records.
5. What does the "Top X%" ranking mean for year built?
A ranking in the "Top 3%" city-wide for year built (2020) means this home is newer than approximately 97% of comparable properties across Winnipeg, highlighting its modern age in a city with many older homes.