Key Characteristics & Buyer Profile

This is a 1,755 sqft home built in 1986, located in the Whyte Ridge neighborhood of Winnipeg. Its most striking feature is the land: the lot measures 11,703 sqft, placing it in the top 2% of the neighborhood and top 4% citywide. By comparison, the average lot in Whyte Ridge is just over 6,100 sqft. This is a property where the yard is the anchor—generous, private, and uncommon for the area.

The living area is respectably above the citywide average (top 19%), but it’s not oversized for the lot. The home is currently assessed at $483k, which is below the neighborhood average of $529.6k and below its own street’s average of $499k. That gap reflects a value that may have room to grow, especially given the land’s rarity.

The appeal here is twofold. First, for a buyer who values outdoor space—gardening, kids’ play, dogs, or simply room between neighbors—this lot is a genuine outlier. Second, the combination of a large lot and a below-average assessed value suggests the structure itself may be a fixer or simply modestly updated. That creates opportunity for someone willing to invest in the house while capitalizing on the land.

This property would suit a buyer who prioritizes yard size over turnkey interior finishes. It could also work for someone looking to renovate or eventually rebuild on an exceptional lot, as the underlying land value likely drives long-term appreciation more than the current structure. It’s less suited to someone seeking a low-maintenance, move-in-ready home in a dense, newer subdivision.

Five Possible FAQs

1. Why is the assessed value below the neighborhood average if the lot is so large?
Assessed value weighs both the land and the structure. While the lot is elite within Whyte Ridge, the home itself is older (1986) and likely has less interior square footage or fewer updates than the newer homes that dominate the neighborhood. That pulls the total value down relative to the surrounding market.

2. Is the home considered outdated given it was built in 1986?
Depends on the buyer’s perspective. On its street, it’s typical for the area. But compared to the broader Whyte Ridge neighborhood, where the average build is 1994, this house leans older. You should expect original or minimally updated systems, finishes, and layout unless they’ve been changed. A home inspection would clarify.

3. How much competition is there for homes with this kind of lot size in Winnipeg?
Very little. Only 4% of comparable homes citywide sit on lots this large, and within Whyte Ridge, only 2% of properties have more land. These are rare listings. If yard space is your priority, you won’t find many alternatives.

4. Could this property be subdivided or developed further?
You’d need to check with the City of Winnipeg’s zoning and planning department. The lot size (11,703 sqft) is large enough that subdivision might be possible in theory, but Whyte Ridge is largely a single-family neighborhood with specific lot and setback requirements. Don’t assume it’s feasible without a formal review.

5. What does “top 19%” for living area citywide actually mean in practical terms?
It means this home is bigger than roughly 80% of comparable homes across Winnipeg. The citywide average is 1,342 sqft, so at 1,755 sqft, you’re getting genuine extra space. But within Whyte Ridge itself, the average is 1,666 sqft, so it’s only slightly above the local norm. The size is a plus, but not a standout within the immediate area.