158 Vineland Crescent – Property Summary

Key Characteristics & Buyer Profile

This is a 1,577 sqft single-family home built in 1998, located in the Whyte Ridge neighbourhood of Winnipeg. The property sits on a 5,185 sqft lot. Its assessed value is $535,000.

Where the appeal lies: The home’s standout feature is its value relative to the broader city. While it is fairly average for its own street and neighbourhood in terms of size, age, and lot, it ranks in the top 27% citywide for living area and top 15% for assessed value. That suggests a property that, compared to much of Winnipeg, offers both larger-than-average interior space and above-average equity. The home is also newer than most citywide (built 1998 vs. a city median of 1966), which means more modern construction and systems without being a new build.

What’s less obvious: The land area is only middling—even compared to the same neighbourhood—so this is not a house that trades on yard space. Buyers who prioritize a large lot or outdoor expansion may find it limiting. The home’s value comes from its interior finish and location in a well-established, mid-tier suburb, not from being the biggest house or lot on the block.

Who it suits: Buyers who want a solid, modern-ish home in a stable suburban neighbourhood without paying a premium for extra land. It’s well suited to families or professionals looking for a house that is already competitive in value citywide, with less need for major updates. It may be less ideal for someone who wants a large yard or a property that stands out on its street.

Five Possible FAQs

1. How does this home compare to others in Whyte Ridge?
It’s close to the neighbourhood average for living area (1,577 sqft vs. 1,666 sqft) and assessed value ($535K vs. $529.6K). The lot is slightly smaller than the neighbourhood norm (5,185 sqft vs. 6,175 sqft). So it’s a typical Whyte Ridge home in price and size, but with a bit less yard.

2. Is the assessed value of $535,000 reasonable?
Yes, it aligns closely with the street and neighbourhood average. Citywide, it’s in the top 15% of assessed values, which reflects both the home’s size and the relative desirability of Whyte Ridge within Winnipeg.

3. When was this home built, and is that a concern?
Built in 1998, which makes it roughly 27 years old. That’s newer than most Winnipeg homes (median is 1966) and similar to others on the street. Major systems like roofing and HVAC would be approaching 25–30 years old, so a home inspection should pay attention to remaining life on those.

4. Why is the land area ranked lower than the living area?
The 5,185 sqft lot ranks in the bottom half citywide and the bottom third within Whyte Ridge. That means the house itself is generously sized, but it sits on a relatively compact lot for the area. Buyers looking for a large garden or future addition may find the yard restrictive.

5. What type of buyer typically chooses this property?
A buyer who prioritizes interior square footage and a strong value profile over land size. It suits someone who wants a move-in-ready home in a solid suburban neighbourhood without paying for a premium lot. It’s a practical choice for families or professionals who intend to stay put for a while and want a home that already holds its value well citywide.