138 Vineland Crescent – Property Overview

Key Characteristics & Buyer Suitability

This 1,544-square-foot home, built in 1998, sits on a notably generous 6,943-square-foot lot in Whyte Ridge. The land size is the property’s standout feature: it ranks in the top 15% on the street and top 20% in the neighbourhood, which is meaningful in a mature suburb where larger lots are becoming less common. The living space is near average for the area, but the overall property is younger than much of the city’s housing stock—ranking in the top 18% citywide by year built.

The assessed value of $502,000 is below the street average and slightly below the neighbourhood average, which may reflect a home that hasn’t been updated recently or that the structure itself (as opposed to the land) is conservatively assessed. Citywide, however, the value ranks in the top 19%, underlining that this is still a higher-value property relative to the broader market.

Who it suits: Buyers who prioritize outdoor space over interior square footage—families wanting a large yard for kids, gardening, or future additions. It also works for someone looking for a relatively newer home in an established neighbourhood, where many lots are smaller. The slightly lower assessed value relative to neighbours could hint at renovation potential or stable property taxes, though that’s worth verifying with your own comparisons. It’s less suited to someone who wants a move-in-ready, fully updated home or who places more value on living area than land.

Five Frequently Asked Questions

1. How does the lot size here compare to typical new builds in Winnipeg?
Most new subdivisions today have lots averaging around 3,500–4,500 square feet. At 6,943 square feet, this is roughly 50–100% larger than what you’d find in a new development. It’s also above the citywide median for comparable homes (6,570 sqft), so it’s a genuinely generous piece of land even by older standards.

2. The assessed value is below the street average—does that mean the house is in poor condition?
Not necessarily. Assessed values reflect market snapshots and can lag behind upgrades or account for differences in interior finishings, size, or layout that aren’t obvious from the data. The home is average for its street in living area, so the lower value could simply mean it has fewer bedrooms or bathrooms, or that it hasn’t been renovated as recently as neighbours. It’s worth a close in-person look to understand what drives that number.

3. What does “Top 66% on the street” for living area actually mean?
It means 65 of the 111 comparable homes on Vineland Crescent are larger, and 45 are smaller. It’s roughly middle-of-the-pack for the street. For context, the street average is 1,669 sqft, so this home is about 125 sqft under that—roughly the size of a small bedroom or a large walk-in closet.

4. Why is the citywide rank for assessed value (top 19%) so much better than the street rank (top 86%)?
Because the street (Vineland Crescent) has relatively expensive homes—many over $530,000. Citywide, that price point is well above the median ($390,100), so this home looks strong in the broader market. But on its own street, it’s on the lower end. This is common in established neighbourhoods with a mix of older and larger homes.

5. Is Whyte Ridge a good neighbourhood for resale value?
Whyte Ridge consistently ranks as a desirable middle-to-upper-middle suburb in Winnipeg—good schools, established amenities, and a mix of housing. The land here is a strong asset for future resale, since larger lots are increasingly rare. The home’s age (1998) puts it in a sweet spot: newer than many older Winnipeg homes, but old enough to often have larger yards than newer infill builds. That combination tends to hold value well.