Property Overview: 92 Dedrick Bay, Winnipeg
Key Characteristics & Buyer Appeal
This 2020-built home at 92 Dedrick Bay presents a compelling mix of modern convenience and relative value within Winnipeg. Its key characteristic is its newness; built in 2020, it ranks in the top 3% of homes city-wide for age, offering contemporary construction and likely lower immediate maintenance. With 1,198 sqft of living area, it is notably smaller than most homes on its street and in the Ridgewood South neighborhood, but sits close to the city-wide average. This positions it as a more efficient, manageable space.
The appeal lies in its value proposition. The home's assessed value of $477k is above average for Winnipeg, yet below the average for its own neighborhood. This suggests an opportunity to own a newer home in a well-established area at a potentially accessible entry point. The lot size is modest for the neighborhood, reducing yard upkeep, and the home’s recent sale history indicates strong value retention.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without sacrificing location. It’s also a practical choice for value-focused buyers who prioritize newer infrastructure and systems over square footage, and who see the benefit of being in a neighborhood of typically larger, older homes.
Frequently Asked Questions
1. Is the living space too small?
While the home is smaller than most on its street, its layout and modern design may use space efficiently. It depends on your needs; it's likely ideal for individuals, couples, or small families who prioritize newer amenities over expansive rooms.
2. How does the assessed value affect my property taxes?
Property taxes are based on the assessed value. Having an assessment above the city average but below the neighborhood average suggests you may be paying less in municipal taxes than many neighbors, while the city still views the property as a substantial asset.
3. What does the "Elite" ranking for year built mean?
This statistical ranking means very few homes in all of Winnipeg are newer. It’s a significant advantage, typically translating to modern building codes, energy efficiency, and warranties that may still be in effect, reducing near-term repair costs.
4. The lot is smaller than the neighborhood average. Is that a drawback?
This depends on lifestyle. A smaller lot means less yard work and lower landscaping costs, which can be a major perk for those seeking low maintenance. It may also mean less privacy or outdoor space than neighboring properties.
5. How reliable is the past sold price data shown?
The provided sold price range is based on publicly available data, not the MLS. For fully verified, exact transaction figures, you must request a manual lookup from the site, as industry rules prevent the display of official MLS records here.