Property Overview: 130 Water Ridge Path, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,583 sqft home, built in 2017, presents a compelling mix of modern convenience and established value. Its primary appeal lies in its relative newness within a mature city context. Being one of the newest homes on its street (top 2%) and among the top 5% city-wide for age, it offers contemporary construction standards and likely lower immediate maintenance needs compared to Winnipeg's average home from 1966.

The home’s assessed value of $534k sits comfortably in the middle for its immediate area and street, suggesting it is priced in line with its local market. However, this represents strong value on a city-wide scale, ranking in the top 15%—a point for buyers looking for an asset that outperforms the broader Winnipeg average. The living space is efficient, offering more room than the typical Winnipeg home but with a more modest lot size on this street, which may translate to less yard upkeep.

This property would suit practical buyers seeking a modern, move-in-ready home without paying a premium for a brand-new development. It’s ideal for those who value being part of an established neighborhood with mature infrastructure, while still enjoying the benefits of a recent build. It also appeals to value-conscious purchasers who recognize the advantage of a city-assessed value that stands well above the municipal norm.

Section 2: Frequently Asked Questions

1. How does the lot size impact this property?
The land area is smaller than most on Water Ridge Path. This typically means less exterior maintenance and lower landscaping costs, but also limited space for expansions, large gardens, or extensive outdoor recreation.

2. What does the "above average" city-wide assessed value mean for me?
While the home is assessed in line with its neighborhood, its standing in the top 15% city-wide indicates it is considered a substantial asset compared to the entire Winnipeg market. This can be a positive indicator for long-term value retention relative to the city average.

3. The home sold in 2017 and 2020. What can be inferred from this?
The two sales in a three-year period suggest a neighborhood attractive to investors or those with shorter-term housing needs. It’s worth investigating the reasons for the turnover, though the consistent sales also demonstrate reliable marketability.

4. How modern are the home’s systems and finishes likely to be?
Built in 2017, key components like the roof, HVAC, major appliances, and building envelope are likely still within or just beyond their original warranty periods, offering peace of mind and potentially deferring major capital costs for several years.

5. Where can I get verified historical sale prices?
The provided sold price ranges are based on public data. For exact, verified sale figures and a full transaction history, you must request a manual lookup from the site via email, as they do not display MLS-sourced records directly.