Property Overview
7 Dedrick Bay is a modern, well-sized home in Winnipeg's Ridgewood South neighborhood. Built in 2022, it offers the benefits of a nearly new construction with minimal initial maintenance. Its primary appeal lies in its positioning: it's a spacious home by city-wide standards, yet it sits at a value-oriented price point within its own desirable street and neighborhood. This creates an opportunity for buyers seeking modern amenities and above-average space without paying the premium typical for the immediate area.
Key Characteristics & Ideal Buyer
This home's standout feature is its age, ranking among the newest on its street and in the entire city. With 1,654 sqft of living area, it provides more space than the average Winnipeg home, but is moderately sized compared to its immediate neighbors. The assessed value of $470k is above the city average but notably below the neighborhood average, suggesting a potentially favorable entry point into Ridgewood South.
The property suits practical, value-conscious buyers who prioritize modern build quality and efficient use of space over having the largest lot or home on the block. It’s ideal for a young family or professional couple looking for a turnkey, low-maintenance home in an established area, who appreciate that its city-wide above-average size comes at a below-average cost for this specific community. The data suggests a smart compromise: acquiring a newer asset in a premium neighborhood by opting for a slightly more compact footprint relative to its immediate peers.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
The data indicates it is. While its living area is slightly below the street average, its assessed value is also below the street average by about $22k, and it is one of the newest homes available. This balance of a lower price for a newer, but still spacious, home can represent a strong value proposition.
2. What does the sold price history tell us?
The home sold between $400k-$450k in early 2022. Its current assessed value of $470k reflects market appreciation since that time. This history provides a concrete baseline for its previous market value.
3. How does the lot size impact future potential?
At just under 5,000 sqft, the lot is around average for the street but smaller than the broader neighborhood average. This is typical for newer infill homes. It means ample yard space for most, but extensive expansions or additions may be limited compared to properties on larger, older lots in the area.
4. Why is the city-wide ranking so different from the street ranking?
This highlights the character of Ridgewood South. This home is above average in size and value compared to all Winnipeg homes, which include many older, smaller properties. On its own street, it's compared to other large, modern homes, so its ranking normalizes. It shows you're buying into a high-caliber area.
5. How can I verify the exact past sold price?
The exact sold price is not publicly displayed due to industry data rules. You can request the exact figure by emailing the site directly for a manual lookup. They have stated they will provide the precise history without using your contact information for marketing.