149 Invermere Street – Property Summary

Key Characteristics & Buyer Fit

This is a 1995-built, 1,419-square-foot home on a 4,737-square-foot lot in Whyte Ridge, Winnipeg. While the living area and lot size are slightly below the neighborhood averages, the property holds strong value relative to the city as a whole. Its assessed value of $497,000 ranks in the top 20% citywide, suggesting the home is priced efficiently for what it offers, rather than being overbuilt or oversized for the area.

The appeal lies in its age and condition. Built in 1995, it’s newer than the majority of Winnipeg’s housing stock (citywide average build year is 1966) and places in the top 19% on its street for year built. This means less immediate need for major structural updates like foundation work or knob-and-tube wiring, which older homes often require. The lot is modest compared to Whyte Ridge norms, but that also means less yard maintenance—a trade-off many buyers appreciate.

This property suits buyers who want a solid, move-in-ready home in an established suburban neighborhood without paying a premium for maximum square footage or land. It works well for a couple, a small family, or someone downsizing who still wants a detached home but doesn’t want to manage a large yard. It’s less ideal for someone seeking a fixer-upper at a low entry price or a sprawling lot for future expansion.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The property is assessed at $497,000. That’s right around the street average ($494,200) and slightly below the Whyte Ridge neighborhood average ($529,600). Citywide, it’s well above the typical comparable home ($390,100), which reflects its newer construction and Winnipeg’s overall housing stock. In practical terms, you’re paying a fair price for the street but getting a relative discount compared to the broader neighborhood.

2. The living area seems average—will it feel cramped?
At 1,419 square feet, it’s a standard size for a three-bedroom bungalow or two-storey home from the mid-90s. It’s not large by Whyte Ridge standards, but it’s also not small for the city overall. The floorplan and layout will matter more than raw square footage here. If the home has an open-concept main floor or a finished basement, it will feel more spacious than the number suggests. Without seeing the interior, it’s worth touring to judge how the space is actually used.

3. Why is the lot size considered below average for Whyte Ridge?
The lot is 4,737 square feet, while the neighborhood average is 6,175 square feet. Whyte Ridge is known for having larger lots compared to older Winnipeg neighborhoods, so this property falls on the smaller side locally. That said, the ranking is “below average” only in comparison—it’s still a detached lot with a front and backyard, not a townhouse pad. The trade-off is lower maintenance and possibly a lower purchase price versus neighbors.

4. Is this property a good investment for resale?
The strongest indicators are the street-level rankings: it’s in the top 19% on Invermere for year built and top 37% for lot size. Homes that are newer than their immediate neighbors tend to hold value better because they require fewer immediate repairs. The assessed value is also stable relative to Whyte Ridge. However, if you’re planning to sell in 5-10 years, keep in mind that the neighborhood standard for lot size is higher—this property won’t appeal to buyers who prioritize yard space.

5. What does “Top 20% citywide” for assessed value actually mean?
It means this home is valued higher than 80% of comparable properties across Winnipeg. That doesn’t necessarily make it “expensive” for its area—it reflects that the home is newer and likely in better condition than much of the city’s older housing stock. For property taxes, the assessed value determines your bill, so expect taxes to be consistent with other homes around the $500K mark in Whyte Ridge, not with the average $390K citywide home.