14 Invermere Street – Property Summary

Key Characteristics & Buyer Profile

This 1987 single-family home on Invermere Street in Whyte Ridge offers a living area of 1,624 square feet. While the home is older than the average on its street and within the neighbourhood—ranking in the bottom 20% for build year—its standout feature is the land. The lot measures 7,889 square feet, placing it in the top 5% on the street and in the top 14% of the wider Whyte Ridge area. The assessed tax value of $558,000 is also notably high: second best on the street (top 3%) and well above the neighbourhood and city averages.

The appeal here isn’t a newly built home, but rather a property where the land itself holds disproportionate value. Buyers who recognize the scarcity of larger lots in an established area may see this as a chance to own a site that’s increasingly hard to find. The property would suit someone willing to update or reconfigure an older layout in exchange for a generous yard and a location that ranks well above the city median in terms of both living space (top 24% citywide) and lot size. It’s less likely to appeal to someone seeking a turnkey home or a newer, low-maintenance build.

Five Possible FAQs

1. How does the home’s age compare to others nearby, and does that affect value?
The home was built in 1987, which is newer than the city average (1966) but older than the typical home on Invermere Street (1993 average) and in Whyte Ridge (1994 average). The assessed value is very strong for its age, suggesting the lot and condition offset the older build date.

2. Is the assessed price realistic compared to actual market value?
Assessed value is not the same as market price, but a top-3% ranking on the street and a top-12% ranking citywide suggest strong relative standing. Buyers should still compare recent sale data in Whyte Ridge to confirm market alignment.

3. What does “top 5% for lot size” actually mean on this street?
It means only 3 of the 62 homes on Invermere Street have larger lots. The average lot on the street is about 5,067 square feet; this one is over 2,800 square feet larger, which is a significant gap in an established neighbourhood.

4. Would the home need major updates?
The data doesn’t include interior condition, but given the 1987 build year and the home’s age relative to the neighbourhood average, a thorough inspection is advisable. Buyers should expect that systems like roofing, windows, mechanicals, and finishes may be original or nearing end-of-life.

5. How does the living space compare to other homes at this price point citywide?
At 1,624 square feet, this home has more living space than 76% of homes across Winnipeg (city average is 1,342 sq ft). Within Whyte Ridge, however, it’s close to the neighbourhood average, so the size is solid but not exceptional for the area.