Property Overview: 8 Kelly Place, Ridgewood South, Winnipeg
Section 1: Key Characteristics & Appeal
This 2016-built home in Ridgewood South offers a modern, low-maintenance footprint with above-average space compared to most of Winnipeg. Its key appeal lies in its balance: it's a contemporary home (built within the last decade) in an established neighborhood, offering nearly 1,940 sqft of living area without the upkeep of an older property.
The home’s assessed value of $495k sits below the street average but above the city average, suggesting it may offer relative value within its immediate, newer enclave of Kelly Place. The lot size is more compact than others on the street, which translates to less yard maintenance—a plus for some, a drawback for others. Its sale history shows significant appreciation between 2017 and 2022, indicating strong past performance.
This property would suit buyers seeking a modern, move-in-ready home who prioritize interior space and contemporary builds over a large yard. It’s ideal for professionals or small families looking for a community with newer homes, and for value-conscious buyers who see the advantage in a home assessed below the street average in a neighborhood where newer properties are the norm.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
At approximately 4,837 sqft, the lot is smaller than most on Kelly Place. This means less outdoor maintenance and landscaping responsibility, but also limited potential for expansions like large decks or additions compared to neighbors.
2. The assessed value is below the street average. What does that indicate?
While below the $526k average for Kelly Place, it's above the Winnipeg average. This could reflect the home’s specific attributes, lot size, or interior finishes relative to its immediate neighbors. It presents a potential value opportunity within this newer street.
3. What does the sale history tell us about the home’s market performance?
The home sold for between $450k-$500k in 2017 and $700k-$750k in 2022. This represents substantial appreciation over five years, aligning with the trend for newer homes in the area during that period.
4. Is the living space considered large?
Context matters. At 1,939 sqft, it’s above average for Winnipeg overall, about average for the Ridgewood South neighborhood, and slightly above average for Kelly Place itself. It offers ample space without being among the very largest homes in the area.
5. How can I verify the exact past sale prices?
The site provides sold price ranges for general reference. To obtain the exact, verified sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.