Property Overview: 67 Dedrick Bay, Winnipeg
Key Characteristics & Appeal
This 2019-built home in Ridgewood South offers a compelling blend of modern living and relative value. Its key strength is its generous 2,047 sqft living area, which ranks above average for its street, neighborhood, and notably places in the top 10% city-wide. This spaciousness is paired with a manageable, slightly above-average lot for the street at 5,615 sqft. The home’s assessed value of $456k presents a nuanced picture: it is below the average for both Dedrick Bay and Ridgewood South, suggesting a potential value opportunity within this specific, newer area. However, it remains above the Winnipeg city-wide average, reflecting its modern build and desirable footprint.
The appeal lies in acquiring a near-new, spacious home at an assessed value that is competitive within its immediate, high-caliber context. It suits buyers prioritizing move-in-ready condition and ample interior space over a large yard, and who are savvy about evaluating price within a micro-market of newer, similarly sized homes. A thoughtful perspective is that while the home is newer than 96% of the city, it is actually one of the older homes on its own street, indicating a very recently developed area where future neighborhood maturation is a factor.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value is for municipal tax purposes. That it is below the street and neighborhood averages may indicate value, but the final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand.
2. How does the lot size compare to typical Winnipeg homes?
At 5,615 sqft, the lot is around the city-wide average. It is slightly larger than average for Dedrick Bay itself but smaller than the broader Ridgewood South neighborhood average. This suggests a focus on the home's interior space rather than extensive outdoor grounds.
3. The home sold in 2019. What does that past sale price indicate?
The previous sale (estimated between $400k-$450k) provides a historical baseline. Given the current assessed value and market changes since 2019, it is a useful data point for understanding the owner’s equity and general appreciation trajectory, but not a predictor of the current listing price.
4. What does it mean that the home is "older" than most on its street?
The street’s average build year is 2021, making this 2019 home one of the first built in this section. This isn't a negative; it simply means the immediate area is very new. There are unlikely to be major differences in style or quality, but very recent builds nearby may have minor layout or finish updates.
5. How can I get the exact historical sale prices for this property?
The provided data shows estimated price ranges. Due to industry regulations, exact sale figures are not published online here. You can request the full, verified transaction history by emailing the site directly for a manual lookup, which they provide without obligation.