18 Ivy Lea Court – Property Summary

Key Characteristics & Buyer Profile

This is a 2001-built, two-storey home with 2,166 square feet of living space on a 7,920-square-foot lot in Whyte Ridge. The property ranks above average across nearly all metrics—especially in assessed value and home age, where it sits among the top homes on its street and within the top 10% of the neighborhood. The lot size is around average for the street but above average for the area and the city overall.

The appeal lies in a combination of newer construction, generous interior space, and a larger-than-typical lot for Winnipeg. Being built in 2001, it’s newer than many homes in the broader area, which often date to the mid-to-late 1990s. The assessed value reflects this: it ranks #2 on its street and in the top 6% citywide. For buyers, this suggests a home that has held value well relative to its peers.

This property would suit families or professionals looking for a well-maintained, move-in-ready home in an established suburban neighborhood. The above-average living area and lot give room for growing households or those who want space for hobbies, entertaining, or future renovations. It may also appeal to buyers who prioritize resale strength and want a home that stands out in its price bracket, without being the most expensive or largest on the street.

Five Possible FAQs

1. How does this home compare to others on Ivy Lea Court?
It ranks #2 out of 13 homes in assessed value (top 15%), and #1 for year built (top 8%). Living area and lot size are around the street average—ranked #5 out of 13.

2. Is the assessed value a reliable indicator of market price?
Assessed value is a benchmark based on comparable sales and property characteristics, not a current market valuation. In a strong market, actual sale prices may exceed assessed value. It’s useful for comparing relative position, but not a substitute for a professional appraisal or market analysis.

3. Why is the lot ranked higher in the neighborhood than on its own street?
The street average lot size is 6,695 sqft, so this home’s 7,920 sqft is only slightly above average there. But in the broader Whyte Ridge neighborhood, the average lot is smaller (6,175 sqft), which makes this property stand out more relative to neighboring homes.

4. How does the year built affect the home’s condition or systems?
Homes built in 2001 are generally modern enough to have updated electrical, plumbing, and insulation standards. They’re not old enough to need major structural overhauls, but are also not brand-new—some original mechanicals (furnace, roof, water heater) may be approaching 20–25 years and worth checking during a home inspection.

5. What does “top 7% citywide” for living area actually mean in context?
Out of nearly 200,000 comparable residential properties across Winnipeg, this home is larger than 93% of them. However, that ranking is relative to all housing types in the city. In a neighborhood like Whyte Ridge, where homes are already above average in size, the difference is less dramatic. It’s a good sign the home is spacious, but not necessarily oversized for its immediate surroundings.