Property score
90.8
Excellent
Overall 90.8 · Larger and newer than most nearby homes
2,108 sqft (top 24%) · Built in 2023 (6 yrs newer than avg)
Located in a high-income area with median household income of ~139k
Transit 68.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby
Living Area
Above average
13% larger than neighborhood avg.
Year Built
Above average
6 yrs newer than neighborhood avg.
Mother tongue
English · 74%Tagalog · 3%
Past 10 years Ridgewood South sales snapshot (~80% of all data)
537
600.9k
$308/sqft
2017
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90.8 is composed by the two sections below.
Property Score
Community Score
Ridgewood South
How to read: Share of sales in each ~$50k price band for “ridgewood south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111084
$139K
Median household income
$142K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
9%
Single-person households
50%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
50 Cassowary Lane — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 308 m).
Ridgewood South · WPS public data · 2026
Annual incidents
2
2026
vs. city avg
-93%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 43% | Top 15% | Top 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 50 Cassowary Lane, Winnipeg
Key Characteristics & Appeal
This home at 50 Cassowary Lane is a modern, above-average residence in Winnipeg's Ridgewood South neighborhood. Built in 2023, it is notably newer than most homes in the city, placing it in the top 1% citywide for its age. With 2,108 sqft of living space, it offers more room than the majority of Winnipeg homes (top 8% citywide) and is slightly above the neighborhood average. The assessed value of $733,000 reflects its premium positioning, ranking in the top 3% across Winnipeg and the top 11% within Ridgewood South.
The primary appeal lies in its modern construction combined with generous interior space, offering a move-in-ready home with minimal immediate maintenance concerns. Its value is contextual: on its own street of newer homes, it is competitive in size and value, but it truly stands out when viewed against the broader city's older housing stock. The lot size (5,287 sqft) is smaller than many in the immediate area, which may appeal to buyers seeking a modern home with less yard maintenance.
This property would best suit buyers prioritizing a contemporary build in a established neighborhood, who value space and modern amenities over a large yard. It's ideal for professionals or families looking for a home that doesn't require updates and offers a strong value proposition relative to the wider Winnipeg market.
Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home sold between $650,000-$700,000 in September 2023. Its current assessed value of $733,000 is higher, which may reflect market movements, the assessed value methodology, or improvements.
2. Is the lot size a drawback?
The lot is smaller than the average on Cassowary Lane, but is near the citywide average. It means less yard maintenance but may offer less private outdoor space than some neighboring properties.
3. What does the "Elite" citywide ranking for value really mean?
It indicates this home's assessed value is higher than about 97% of comparable properties across Winnipeg. This highlights its premium market position but also suggests property taxes will be commensurate with this valuation.
4. The home is newer than most in the city. What are the implications?
A 2023 build typically means modern building codes, energy efficiency, and likely fewer major repair needs in the short-to-medium term compared to the city's average home from 1966.
5. Are the sold prices for nearby homes directly comparable?
Not exactly. The listed nearby sales vary in size, age, and lot. For example, similar-sized homes on the same street (like 23 Cassowary Lane) have lower assessed values, which could be due to lot size, finishes, or specific location factors. A detailed comparison is advised.
