73 Kestrel Way

Ridgewood South, Winnipeg

Property score

80.9

Excellent

Overall 80.9 · Smaller than most nearby homes

1,200 sqft (bottom 3%) · Built in 2019 (2 yrs newer than avg)

Located in a high-income area with median household income of ~139k

Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 2 parks nearby

Living Area

Below average

36% smaller than neighborhood avg.

Year Built

Near average

2 yrs newer than neighborhood avg.

Mother tongue

English · 74%Tagalog · 3%

Past 10 years Ridgewood South sales snapshot (~80% of all data)

Sold Count

537

Median price

600.9k

$/sqft

$308/sqft

Avg build year

2017

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Property score

80.9 is composed by the two sections below.

Property Score

74.4Good
Living Area66
1,200 sqftGood
Year Built97
2019Excellent
Lot Size74
5,619 sqftGood
Neighbourhood Sales Activity86
Excellent

Community Score

90.7Excellent
Household Income92
Excellent
Education Level82
Excellent
Housing Stress93
Excellent
Core Housing Need100
Excellent
Employment Health90
Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111084

Community deep dive

$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

Population, labour & age

Population (2021)1,990
Labour force participation rate78%
Median age34.8
Avg household size3.1
Unemployment rate5%
Population density1542 / km²

Households & income

Low income (LIM-AT, % pop.)3%
Single-person households9%
Couple families with children50%
Median household income (2020)$139K

Housing

Renter households4%
Condominium dwellings1%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)20%
Visible minority24%
Bachelor's or higher (25–64)49%
Mother tongue (1st)English · 74%
Mother tongue (2nd)Tagalog · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,200 sqft
0255075100
Same streetBottom 2%Same areaBottom 3%CitywideTop 50%
Same street · Kestrel Way
#45 / 46
Bottom 2% · Avg 1,798 sqft
Same area · Ridgewood South
#756 / 783
Bottom 3% · Avg 1,872 sqft
Citywide · Winnipeg
#97,378 / 194,458
Top 50% · Avg 1,342 sqft

Tax-Assessed Value

around average
372k
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideTop 46%
Same street · Kestrel Way
#46 / 46
Bottom 1% · Avg 497.1k
Same area · Ridgewood South
#773 / 783
Bottom 1% · Avg 560.2k
Citywide · Winnipeg
#90,068 / 194,458
Top 46% · Avg 390.1k

Year Built

Elite
2019
0255075100
Same streetBottom 39%Same areaBottom 48%CitywideTop 4%

Lot Size

above average
5,619 sqft
0255075100
Same streetTop 26%Same areaTop 45%CitywideTop 40%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

73 Kestrel Way — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 377 m).

Search radius
🌳Parks2

Crime & Safety

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%

Sales History

Sold 11/2023CA$450k–500k
Sold price

Same street

Top 20%

Same area

Bottom 43%

City-wide

Top 17%
Sold 5/2019CA$350k–400k
Sold price

Same street

Bottom 1%

Same area

Bottom 1%

City-wide

Top 39%

Related homes

Highlights & common questions: 73 Kestrel Way, Winnipeg

Property Overview: 73 Kestrel Way, Winnipeg

Key Characteristics & Buyer Appeal

This 1,200 sqft home, built in 2019, presents a distinct value proposition within Winnipeg’s Ridgewood South neighborhood. Its primary appeal lies in its modern age and relative affordability compared to its immediate surroundings. While the living area and assessed value are notably below the averages for both its street and neighborhood, the home is actually around the citywide average for size and above the citywide average for value. This positions it as a more contemporary and efficiently sized option in a newer area where many homes are larger and more expensive.

The lot size is slightly above average for the street, offering a reasonable outdoor space. The home’s recent sale history suggests strong price appreciation since its 2019 purchase. This property would best suit first-time buyers or downsizers seeking a modern, low-maintenance home in a newer community without the premium price tag of the largest homes in the area. It’s a practical choice for someone prioritizing a newer build and financial accessibility over square footage, offering a foot in the door of a neighborhood where most properties command higher valuations.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbors?
The assessed value is lower primarily because the home has less living area than most comparable properties on the street and in Ridgewood South. Assessments heavily factor in size, age, and characteristics, so a smaller, albeit newer, home in an area of larger properties will often have a proportionally lower assessment.

2. Is this a good investment given its smaller size?
The recent sale history shows significant appreciation since 2019. Its "around average" citywide metrics suggest it aligns with broader market norms, while its lower entry point in a desirable newer neighborhood could offer stability. However, its resale value may always be compared to the larger homes nearby.

3. What does the "Elite" citywide ranking for year built mean?
This indicates the home is newer than approximately 96% of all comparable properties across Winnipeg. It highlights a key advantage: modern construction, which typically means updated building codes, newer systems, and less immediate need for major renovations.

4. How reliable are the sold price ranges shown?
The provided price ranges are based on publicly available data, not the MLS. For fully verified and exact sale figures, you must request a manual lookup from the site, which they provide via email.

5. What are the less obvious trade-offs of a home like this?
You gain a newer build and potential financial ease, but may face higher property taxes relative to older city neighborhoods, and the lot size is smaller than the neighborhood average. You’re buying into a community where your home is an outlier in size, which can be an advantage for affordability but may affect future comparables.