135 Invermere Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,631 sq. ft. home built in 1993 on a 5,053 sq. ft. lot in Whyte Ridge, Winnipeg. Its strongest feature is the living area, which ranks in the top 24% citywide—a genuine selling point in a market where many homes at this price point feel tighter. The assessed value of $483,000 is roughly in line with other homes on the street, but sits below the neighborhood average, meaning you’re getting more interior space for less than many nearby properties are valued at.

The lot is average for the street but smaller than the Whyte Ridge norm. That’s worth noting if you’re comparing it to older, larger-lot homes in the area—this property leans toward a more efficient, lower-maintenance yard. The year built is also consistent with the street and neighborhood, so nothing unusual in terms of age or construction style.

This home suits buyers who prioritize interior square footage over a sprawling lot. It’s a practical fit for someone who wants solid, mid-90s construction without paying a premium for a bigger yard they might not need. The relative value compared to the neighborhood assessment suggests a degree of under-appreciation—something a buyer with an eye for potential might find interesting.

Frequently Asked Questions

1. How does the lot size compare to other homes in Whyte Ridge?
It’s below the neighborhood average. The typical Whyte Ridge lot is around 6,175 sq. ft., while this one is just over 5,000 sq. ft. That puts it in the bottom third for the area, but it’s still a standard suburban size—not unusually small.

2. Is the assessed value a good indicator of market price?
It’s one reference point, but not a direct match for market value. The assessment here is below the Whyte Ridge average, which could mean the property is priced more conservatively than some neighbors. It doesn’t automatically mean a deal, but it’s worth comparing recent sales on the street.

3. Why is the living area ranked higher citywide than in the neighborhood?
Because Whyte Ridge itself has a high average living area (1,666 sq. ft.). This home is slightly below that, so it ranks near the middle of the neighborhood. But citywide, where the average comparable home is 1,342 sq. ft., 1,631 sq. ft. stands out as above average.

4. How does a 1993 build hold up in this market?
It’s typical for the area. Most homes on Invermere Street were built around the same time, so you’re not dealing with an outlier in age. For Winnipeg, that’s a relatively modern build—many citywide comparables date to the 1960s or 1970s.

5. What should I look for when comparing this to other homes nearby?
Pay attention to lot size and assessment gaps. Two homes on the same street can have very different value rankings even with similar square footage, often due to lot dimensions or renovations. A property with a lower assessment but newer finishes, for instance, might offer better value than the numbers suggest.