Property score
89.2
Excellent
Overall 89.2 · Compared with neighbourhood average
1,895 sqft (top 41%) · Built in 2020 (3 yrs newer than avg)
Located in a high-income area with median household income of ~139k
Transit 62.0 · 3-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Near average
3 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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89.2 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
63 Dedrick Bay — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 385 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 | Top 49% | Bottom 26% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 63 Dedrick Bay, Winnipeg
Key Characteristics & Appeal
This 2020-built home in Ridgewood South offers a modern, move-in-ready foundation within a newer suburban community. Its key appeal lies in a balanced profile of above-average space and a relatively recent build, positioned at a value-conscious price point for the area.
With 1,895 sqft of living space, the home is larger than most in Winnipeg and slightly above average for its own street. The lot size of 5,910 sqft is also generous for the immediate area. The 2020 construction date is a significant advantage city-wide, placing it among the newest 3% of homes, which suggests modern building standards, minimal immediate maintenance, and contemporary layouts.
The most compelling characteristic is its assessed value of $458k. While this is above the Winnipeg average, it is notably below the averages for both Dedrick Bay and the broader Ridgewood South neighborhood. This creates a potential value opportunity, offering a newer, spacious home at a price that undercuts many direct comparables in the vicinity.
This property would suit first-time buyers or young families seeking a modern home without a premium price tag, as well as value-oriented buyers who recognize the advantage of a below-average assessment in an above-average area. It’s a practical choice for those prioritizing space and newness over a premium lot size within the neighborhood.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not necessarily. The assessed value is for municipal tax purposes. Its position below neighborhood averages may indicate value, but the final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand.
2. How does the lot size compare to the rest of the neighborhood?
At 5,910 sqft, the lot is above average for Dedrick Bay but smaller than the broader Ridgewood South average of over 8,300 sqft. This suggests the street features more compact, modern lots compared to some older sections of the neighborhood.
3. What does the "Top 3%" city-wide ranking for year built mean?
It means this home is newer than approximately 97% of comparable properties across Winnipeg. This is a standout feature, significantly reducing the likelihood of major near-term repairs (like roof or furnace replacement) common in older housing stock.
4. The home sold in 2020 for between $400k-$450k. What does that history tell us?
It confirms the home was purchased new. The current assessed value suggests modest appreciation since the initial purchase, which may be appealing to buyers seeking a property without a history of rapid, speculative price increases.
5. Why is the assessed value lower than the street and neighborhood averages?
While specific reasons aren't provided, common factors include differences in finishes, upgrades, or exact location. It may also reflect a conservative assessment. This discrepancy is what makes the property a potential value find within its more expensive immediate context.
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