123 Georgetown Drive, Whyte Ridge

Key Characteristics & Buyer Profile

This home sits on a 6,914 sqft lot with 1,890 sqft of living space, built in 1999. Its assessed value is $551,000. The property performs consistently above average at the neighbourhood and city-wide levels, while fitting in more modestly on its own street.

Where its appeal lies: The home offers more space than typical Winnipeg homes (top 14% city-wide for living area) and a newer build year (top 18%) without the premium often attached to houses in that bracket. The land size is generous relative to the neighbourhood (top 21%), meaning yard space is a genuine asset here—not just a checkbox. The assessed value, while above average for Whyte Ridge and the city, is surprisingly restrained compared to the street average of $726,200. This suggests the home may offer better value relative to its immediate neighbours, possibly due to differences in finish or condition that a buyer could address over time.

Who it suits: Buyers who want a solid, above-average home in an established neighbourhood without paying for a top-tier finish or the newest build. It's a good fit for someone who values square footage and lot size over surface-level upgrades, and who sees potential in a property that's well-positioned statistically but not overpriced relative to its street. Families who want room to grow, both indoors and outdoors, will find the numbers work in their favour. Investors or buyers with a renovation eye may also see upside here, given the value gap between this home and others on Georgetown Drive.

Five Possible FAQs

1. How does the living area compare to other homes nearby?
On Georgetown Drive, the 1,890 sqft is slightly below the street average of 2,245 sqft—it ranks in the top 69% on the street. But neighbourhood-wide (Whyte Ridge) and city-wide, it's in the top 26% and top 14% respectively, meaning it's spacious relative to most homes in the area and the city as a whole.

2. Is the assessed value of $551,000 fair for the area?
It depends on the comparison. On Georgetown Drive, the average assessed value is $726,200, so this home is well below that. But within Whyte Ridge, the neighbourhood average is $529,600, placing it above average (top 25%). City-wide, it's in the top 13%. The assessment seems reasonable for a home that's bigger and newer than most, but not commanding the premium of its immediate street neighbours.

3. How old is the house, and is that a concern?
Built in 1999, the home is roughly 25 years old. That's newer than the Whyte Ridge average (1994) and significantly newer than the city-wide average (1966). At this age, typical maintenance items like roof replacement, furnace, or windows may be due depending on their condition—worth checking, but not unusual.

4. What makes the lot size stand out?
The land area is 6,914 sqft. That's about average for Georgetown Drive (top 49%), but well above the Whyte Ridge average of 6,175 sqft (top 21%) and the city-wide average of 6,570 sqft (top 18%). It's a solid lot for the neighbourhood, offering more outdoor space than typical homes nearby.

5. How does this property compare to others on the street specifically?
On Georgetown Drive, this home ranks near the middle to lower-middle for living area, assessed value, and year built. The street has larger, more expensive, and slightly newer homes on average. But the land size is about average for the street. If you're choosing between homes on this street, this one likely represents a more accessible price point with similar lot size—though you may want to factor in potential differences in condition or upgrades.