10 Hallmark Point – Property Summary

Key Characteristics & Buyer Profile

This 1,641-square-foot home in Whyte Ridge, built in 1986, sits on a notably large 9,420-square-foot lot. Its living area is average for both its street and neighbourhood, but stands 22% above the citywide average for comparable homes. The assessed value of $476,000 is below both the street and neighbourhood averages, yet 22% above the citywide benchmark—suggesting a price point that reflects local premiums while remaining relatively accessible within the broader Winnipeg market.

The standout feature is the land. The lot ranks in the top 8% within Whyte Ridge and the top 7% citywide. This is unusual for a 1980s infill property, and it offers space that newer subdivisions rarely provide. The home itself is one of the oldest on the street (top 9% by age), but newer than much of the city’s housing stock. The combination of a large lot with a moderately older home may appeal to buyers who value outdoor space and are open to updating interiors over time, rather than seeking a turnkey finish.

This property would suit buyers who:

• Prioritize lot size and yard potential over a brand-new interior.
• Are comfortable with a home built in the mid-80s, possibly requiring cosmetic or system updates.
• Want a location in a established, family-oriented neighbourhood with mature trees and larger properties.
• See long-term value in land rather than expecting immediate resale gains from a fully renovated house.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in Whyte Ridge?
The assessed value is below the neighbourhood average of $529,600. On the street, it ranks 9th out of 11 homes. However, it’s well above the Winnipeg average for comparable properties. This suggests the home is priced competitively within its immediate area, likely reflecting its older age relative to newer infills.

2. Is the lot size unusually large for the area?
Yes. At 9,420 square feet, it’s in the top 8% of Whyte Ridge and the top 7% citywide. The street average is about 8,395 square feet, and the neighbourhood average is 6,175. This is a genuine rarity in a built-out neighbourhood where most lots are smaller.

3. How old is the home, and what should a buyer know about a 1986 build?
The home was built in 1986, making it older than most homes in Whyte Ridge (average year built is 1994) but newer than the Winnipeg average (1966). Buyers should expect typical mid-80s construction: likely some original systems (furnace, roof, windows) may be near or past their service life. A thorough home inspection is advisable, especially for mechanicals and the roof.

4. How does the living space compare to other homes for sale right now?
At 1,641 square feet, it’s essentially average for the street and neighbourhood. It’s above the citywide average for comparable homes, but not oversized by local standards. This makes it a typical family home rather than notably spacious or cramped.

5. What are the main trade-offs of buying this property?
The biggest trade-off is between land and condition. You get a large lot in a well-established area, but the house itself is older and assessed below neighbours. Buyers who want a modern, move-in-ready home may need to budget for renovations. Those who value yard space, privacy, and long-term land appreciation will see the age as a manageable condition rather than a drawback.