Key Characteristics & Buyer Profile

At 1,893 square feet, this home sits on a 6,447-square-foot lot in the Whyte Ridge area of Winnipeg. It was built in 1991. The living space ranks in the top 14% city-wide, and the lot is in the top 23%—both above average for the street, the neighbourhood, and the city. The assessed value of $571,000 places it in the top 10% across Winnipeg, which reflects more than just square footage: it’s a sign that the property holds its ground in a market where the city-wide average assessment is $390,000.

The appeal here is less about flash and more about substance. You’re getting a home that’s noticeably larger than most in the area, on a lot that gives you room to work with, in a neighbourhood built up in the early ’90s—meaning the trees are mature and the streets are established. It’s not the newest house on the block (it ranks toward the older end on its street), but it’s newer than the city average by a wide margin. That trade-off can work well: you get more space and land for the price than you would in a newer development, and Whyte Ridge is a settled community with parks, schools, and amenities already in place.

This property would suit buyers who value interior space and a decent yard over a brand-new build. It’s a good fit for families needing room to spread out, or for anyone who wants a home that’s well above average in size and value without reaching into the top-tier price bracket. It’s less ideal for someone looking for a turnkey, move-in-ready home with finishes from the last five years, or for buyers who prioritize a recent construction date above all else.

Five Possible FAQs

1. How does the 1991 build date affect the home’s condition?
Homes from this era are generally well-built, with solid framing and mature landscaping. But systems like the roof, furnace, windows, and water heater may be original or nearing replacement age. A home inspection is the best way to know where things stand. The upside is that many structural issues typical of much older homes are unlikely here.

2. How does the assessed value compare to recent sale prices in Whyte Ridge?
Assessed value is a tax-basis figure, not a market price. In a neighbourhood like Whyte Ridge, sale prices often run above assessment, especially for homes in the top quartile for size and lot. It’s worth comparing recent sales on similar-sized lots and square footages, not just the assessment number.

3. What’s the lot actually usable for?
At just under 6,500 square feet, this is a generous urban lot. It’s large enough for a backyard garden, a playset, or a patio, but not so big that maintenance becomes a burden. It’s typical of the Whyte Ridge standard, where lots tend to be roomy without being oversized.

4. How does this home compare to newer infill builds in the area?
Newer homes in Whyte Ridge are often built on smaller lots and may have higher price tags per square foot. This home gives you more interior space and a larger lot for a lower relative cost, but the finishes and layout will reflect early-’90s design. You’re trading cosmetic modernity for square footage and land.

5. Why does the home rank higher city-wide for value than for size?
The assessed value ranking (top 10%) beats the living area ranking (top 14%) because value reflects more than just square footage—it factors in lot size, location, and the overall condition of the property in the context of the entire city. This home performs well on all those fronts relative to the much older average Winnipeg home.