Property Overview: 6 Dedrick Bay, Winnipeg

Key Characteristics & Appeal

This 2022-built home in Ridgewood South offers modern living in a well-established neighbourhood. Its primary appeal lies in its new construction, providing contemporary design, current building standards, and minimal immediate maintenance. With 1,835 sqft of living space, it sits above the Winnipeg city average, offering generous room for a growing family or those seeking space to work from home.

The home’s assessed value of $502k is notably above the citywide average, yet it is positioned around the average for its specific street and neighbourhood. This suggests it is priced in line with its immediate surroundings, which are composed of relatively newer homes. A thoughtful perspective is the lot size: at 4,368 sqft, it is below average for the area. This translates to less yard maintenance—a plus for busy professionals—but may be a consideration for those envisioning extensive gardens, additions, or outdoor recreation space.

This property would best suit buyers seeking a modern, move-in-ready home who value being part of a newer development within a mature community. It’s ideal for those who prefer spending time indoors or on a patio rather than maintaining a large yard. The data indicates it would also appeal to value-conscious buyers looking for a home that outperforms citywide averages for size and newness, while being comfortably aligned with its own street’s character.

Frequently Asked Questions

1. How does this home’s value compare to what it last sold for?
It was sold in January 2022 for an estimated $400k-$450k. The current assessed value of $502k reflects market appreciation and the established value of newer homes in the area.

2. Is the lot size a significant drawback?
It depends on your lifestyle. The lot is smaller than many in Ridgewood South, which limits expansive landscaping but reduces upkeep. For many modern buyers, the trade-off for a larger, newer home on a smaller lot is acceptable.

3. What does the “Elite” ranking for year built mean?
It means this home is one of the newest on its street (top 5%) and in Winnipeg overall (top 1%). This is a major advantage for systems like roofing, HVAC, and windows, which will likely not require replacement for many years.

4. Are the property taxes likely to be high?
The assessed value is above the Winnipeg average, so taxes will be higher than for an older, smaller city home. However, within its own neighbourhood, its assessment is around average, suggesting taxes are typical for this desirable, newer section of Ridgewood South.

5. How can I verify the exact historical sale price?
The provided sold price is an estimate from public records. For fully verified and exact sale figures, you must request a manual lookup from the site, as MLS data is not displayed here due to industry regulations.