Here is a clean, standalone summary of the property at 111 Monticello Road, formatted for direct display.

Key Characteristics & Buyer Profile

This property offers a rare combination of a modestly sized home on an exceptionally large lot, paired with a high assessed value relative to its living area. The house itself is around 1,537 square feet, which is roughly average for Monticello Road and the surrounding Whyte Ridge neighborhood, but slightly above average for Winnipeg as a whole. What sets it apart is the land: at 8,716 square feet, it is the largest lot on the street (top 2%) and ranks in the top 10% across the entire city. This suggests a premium is placed on outdoor space, privacy, or future potential rather than interior square footage.

The assessed value of $544,000 is elite for the street (top 5%) and well above the citywide average, reflecting the land’s desirability. The home was built in 1989, making it older than many on the street and in the neighborhood, but newer than the citywide median. This means a buyer is likely paying for the location and lot, not a brand-new build.

Appeal & Suitability: The primary draw is the land. This would suit a buyer who values a large, private yard in a mature neighborhood—perhaps for gardening, children, pets, or future renovations. It may also appeal to someone looking for a development opportunity (subject to local zoning) or an investor who sees the land as the main asset. It is less ideal for someone who prioritizes a modern, large home with minimal upkeep. The home itself is likely solid but original in finish, making it a candidate for a buyer who wants to customize or update gradually. It fits best for those who see value in space and potential over turn-key perfection.

Five Possible FAQs

1. How does the living area compare to other homes?
The 1,537 square feet is around average for the street and neighborhood (top 54% and 58% respectively). But citywide, it beats most—ranking in the top 28% of comparable homes. It’s a solid middle-ground size, not unusually large or small for the area.

2. Why is the assessed value so high for a home of this size?
The value is driven almost entirely by the land. The lot is 8,716 square feet—the largest on Monticello Road and well above average for Whyte Ridge and Winnipeg. The home itself is modest, but the land premium pushes the assessment to the top 5% on the street and top 13% citywide.

3. Is the home old or in need of updates?
Built in 1989, it is newer than the citywide average but older than many on the street and in the neighborhood. It is not a historic home, but it is likely original in many aspects. A buyer should expect some maintenance or updating, especially if they are looking for modern finishes.

4. What is the neighborhood like?
Whyte Ridge is a well-established Winnipeg neighborhood. The property sits on Monticello Road, which has a mix of homes and reasonable lot sizes. Given the land size and value ranking, the immediate street is desirable. The home itself is older than the street average, meaning you may have older construction but also potential for improvement.

5. Who would this property not suit?
It would not suit a buyer who wants a large, move-in-ready home with minimal effort. If you need a big house on a small lot, or if you dislike yard work and want a newer build with low maintenance, this likely isn’t the right fit. It’s better for someone who values land and location over interior square footage or modern finishes.