124 Vanderbilt Drive

Whyte Ridge, Winnipeg

Property score

86.2

Excellent

Overall 86.2 · Newer than most nearby homes

1,660 sqft (top 47%) · Built in 1997 (3 yrs newer than avg)

Located in a high-income area with median household income of ~182k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 3 parks nearby

Living Area

Near average

0% smaller than neighborhood avg.

Year Built

Above average

3 yrs newer than neighborhood avg.

Mother tongue

English · 69%Chinese · 5%

Past 10 years Whyte Ridge sales snapshot (~80% of all data)

Sold Count

752

Median price

536.3k

$/sqft

$352/sqft

Avg build year

1994

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Property score

86.2 is composed by the two sections below.

Property Score

82.0Excellent
Living Area1,660 sqft83Excellent
Year Built199784Excellent
Lot Size9,392 sqft95Excellent
Neighbourhood Sales Activity23Low

Community Score

92.6Excellent
Household Income97Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

Whyte Ridge

How to read: Share of sales in each ~$50k price band for “whyte ridge” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111213

Community deep dive

$182K

Median household income

$220K

Average household income

4%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.5

P90 / P10 ratio

9%

Single-person households

54%

Families with children

Population, labour & age

Population (2021)807
Labour force participation rate73%
Median age43.6
Avg household size3.2
Unemployment rate9%
Population density3103 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households9%
Couple families with children54%
Median household income (2020)$182K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$600K

Diversity, education & language

Immigrants (share of pop.)23%
Visible minority27%
Bachelor's or higher (25–64)59%
Mother tongue (1st)English · 68%
Mother tongue (2nd)Chinese · 4%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,660 sqft
0255075100
Same streetBottom 16%Same areaTop 47%CitywideTop 23%
Same street · Vanderbilt Drive
#65 / 77
Bottom 16% · Avg 2,055 sqft
Same area · Whyte Ridge
#1,119 / 2,382
Top 47% · Avg 1,666 sqft
Citywide · Winnipeg
#43,932 / 194,458
Top 23% · Avg 1,342 sqft

Tax-Assessed Value

Elite
866k
0255075100
Same streetTop 27%Same areaTop 2%CitywideTop 2%
Same street · Vanderbilt Drive
#21 / 77
Top 27% · Avg 723.6k
Same area · Whyte Ridge
#47 / 2,382
Top 2% · Avg 529.6k
Citywide · Winnipeg
#3,328 / 194,458
Top 2% · Avg 390.1k

Year Built

above average
1997
0255075100
Same streetTop 35%Same areaTop 30%CitywideTop 19%

Lot Size

above average
9,392 sqft
0255075100
Same streetTop 29%Same areaTop 8%CitywideTop 8%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

124 Vanderbilt Drive — 4 amenities found within 500 m, across 2 categories, including 1 education (nearest 172 m), 3 parks (nearest 65 m).

Search radius
🏫Education1
🌳Parks3

Crime & Safety

Whyte Ridge · WPS public data · 2026

Annual incidents

4

2026

vs. city avg

-86%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Violent

75%

Sales History

Sold 11/2023CA$650k–700k
Sold price

Same street

Bottom 35%

Same area

Top 5%

City-wide

Top 4%

Related homes

Highlights & common questions: 124 Vanderbilt Drive, Winnipeg

124 Vanderbilt Drive – Property Summary

Key Characteristics & Buyer Profile

This home sits on a notably large lot (9,392 sqft) in Whyte Ridge, placing it in the top 8% city-wide for land area. Built in 1997, it's newer than a significant share of Winnipeg housing stock. The living area is 1,660 sqft—modest for its street, where many homes are larger, but above the citywide median.

The property’s standout feature is its assessed value. At $866k, it ranks in the top 2% both in the neighbourhood and across Winnipeg, well above the local average of $529.6k. This indicates a home that is not just large on land, but also carries a high valuation relative to its physical footprint—likely due to finishes, location, or other quality factors not captured by square footage alone.

Appeal: This home offers a balance of newer construction, a generous lot, and strong value retention. It's not the biggest house on the block, but it competes on land and assessed worth.

Suitable for: Buyers who prioritize lot size and long-term value over raw interior square footage. It may appeal to families wanting outdoor space in an established neighbourhood, or investors looking at a home with above-average equity positioning.


Five Possible FAQs

1. Why is the assessed value so high compared to the living area?
Assessment reflects market value, which considers location, lot size, condition, and recent sales. In Whyte Ridge, land is a significant factor. This property's valuation suggests that the location, lot, and possibly interior quality push its worth well above the local median, even if the floor plan isn't the largest.

2. How does the lot size compare to other homes in Whyte Ridge?
It's well above average. The neighbourhood average land area is around 6,175 sqft, and this lot is over 9,300 sqft. That places it in the top 8% locally and city-wide, offering more yard space than most homes in the area.

3. Is the home considered small for its street?
Yes, in terms of living area. On Vanderbilt Drive, the average home is about 2,055 sqft, and this property is roughly 400 sqft smaller. However, that doesn't necessarily mean cramped—it depends on layout. The trade-off is a larger lot than most neighbours.

4. How does the year built affect insurance or maintenance?
Built in 1997, the home is about 28 years old. That typically means major systems (roof, furnace, windows) may be approaching or within their expected lifespan. Newer than much of Winnipeg's older housing stock, but not new enough to assume no updates are needed. A home inspection is advisable.

5. What does "Top 2%" for assessed value actually mean in practical terms?
It means the property is in the highest 2% of all homes in Winnipeg by assessed value. That often translates to higher property taxes, but also reflects strong market demand and potential for equity growth. It's worth noting that this rank also suggests the home may appeal to a smaller, more specific buyer pool.

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