Property score
92.1
Excellent
Overall 92.1 · Larger and newer than most nearby homes
2,364 sqft (top 7%) · Built in 2023 (6 yrs newer than avg)
Located in a high-income area with median household income of ~139k
Transit 68.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby
Living Area
Above average
26% 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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92.1 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
56 Cassowary Lane — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 313 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 48% | Top 13% | Top 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 56 Cassowary Lane, Ridgewood South, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a modern, spacious property built in 2023, offering a move-in-ready experience in Winnipeg's Ridgewood South neighborhood. Its primary appeal lies in its above-average and elite rankings for space and newness compared to most of the city. With 2,364 sqft of living area, it provides significantly more interior space than the typical Winnipeg home, placing it in the top 4% city-wide. The 2023 build date means it is essentially a new home, likely featuring contemporary finishes and systems, and ranking in the top 1% for age in the city.
The property’s value proposition is nuanced. While its assessed value (~$697k) is elite city-wide (top 4%), it is around the average for its own street, suggesting you are paying for premium space and new construction in an established, desirable area rather than an outlier location premium. The lot size is fairly standard, indicating the focus is on the home itself. This combination suits buyers seeking a modern, spacious family home without the wait or uncertainties of new construction, and who value being on a street of similar, high-value properties. It’s a solid choice for professionals or growing families looking for a long-term home with minimal immediate upkeep, within a community of newer builds.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others on the street?
The home’s assessed value is near the street average, but it is newer than most. You are effectively purchasing one of the newest homes on the block at a value in line with the existing market there.
2. Is the lot size typical for the area?
The lot is slightly smaller than the average for the broader Ridgewood South neighborhood but is very close to the average for Cassowary Lane itself and is standard for Winnipeg overall. The property’s emphasis is on interior living space.
3. What can the 2023 sold price range tell me?
The home sold for an estimated $700k-$750k in late 2023. This provides a recent benchmark, but for precise figures and full transaction history, a manual lookup through the site is required due to data display rules.
4. How does the living space truly compare?
The living area is a standout feature. It is larger than 96% of comparable homes in Winnipeg, 93% in Ridgewood South, and 71% of homes on Cassowary Lane, offering ample room by any measure.
5. What are the potential long-term considerations?
As one of the newest homes in a top-tier city-wide bracket, major components like the roof, HVAC, and appliances should have considerable life left. However, being part of a newer development phase means the landscape and neighborhood maturity are still evolving compared to older areas.
