Key Characteristics & Buyer Profile

This is a 1,403 sqft home built in 2006 on a 4,822 sqft lot in Whyte Ridge, Winnipeg. Its standout feature is its age: it’s the newest house on its street, among the newest 1% in the neighbourhood, and newer than 86% of homes citywide. That relative newness can mean fewer immediate maintenance concerns and more modern construction standards compared to the area’s typical 1990s builds. The living space is slightly below average for the street and neighbourhood, but average for the city, so it’s a functional but not oversized layout. The assessed value is close to the street and neighbourhood average, but notably higher than the citywide average, which reflects the value placed on newer construction and the Whyte Ridge location. The lot is on the smaller side for the area, so outdoor space is modest.

The appeal here is for a buyer who prioritizes a newer, well-located home over maximum square footage or a large yard. It suits someone who wants a move-in-ready property in an established neighbourhood, without the premium often attached to brand-new subdivisions farther from amenities. It may also attract buyers who value lower immediate maintenance risk over having more space. The trade-off is clear: you get a newer house, but the interior and lot are on the compact side for this part of town.

Five Possible FAQs

1. How does the property’s age compare to typical homes in Whyte Ridge?
The home was built in 2006, making it significantly newer than the neighbourhood average of 1994. It’s among the oldest homes on its street—actually, it’s the newest—but in the broader community, it ranks in the top 1% for newer construction. So if you’re looking for something that doesn’t feel dated, this is a strong candidate for the area.

2. Is the living space considered small for a detached home in this neighbourhood?
Yes, slightly. The 1,403 sqft is below the Whyte Ridge average of about 1,666 sqft. On its street, it ranks 19th out of 21 homes. That said, it’s right around the Winnipeg city average (1,342 sqft), so it’s not small by citywide standards—just on the smaller end for this particular community.

3. Why is the assessed value higher than the city average but close to the neighbourhood average?
Assessed value reflects market factors. The home’s newer build and location in a desirable Winnipeg neighbourhood push its value above the citywide average of $390,000. However, within Whyte Ridge ($530,000 average) and its street ($544,000 average), the assessed value is roughly in line with surrounding properties. The premium is for newness and location, not for extra size.

4. How does the lot size compare to other homes in Whyte Ridge?
The lot is 4,822 sqft, which is below the neighbourhood average of 6,175 sqft. On its specific street, it’s close to the average of 4,847 sqft. So the yard is modest for the area, but not unusual for the immediate block. If you want more outdoor space, you’d likely need to look at older homes in the neighbourhood.

5. What kind of maintenance or renovation might be expected for a home built in 2006?
A house from 2006 is now nearly 20 years old. Typical items to plan for include the roof (asphalt shingles usually last 20–25 years), the furnace and water heater, and possibly some cosmetic updates depending on the previous owner’s taste. The major systems and structure should still be in good shape overall, but it’s worth budgeting for these mid-life replacements, unlike a brand-new build.