2 Phimister Close – Property Summary

Key Characteristics & Buyer Profile

This 1,543 sqft home, built in 2006, sits on a 6,196 sqft lot in Whyte Ridge. Its strengths are less about size and more about timing and value positioning.

What stands out: The home is one of the newest on its street (ranked 1st out of 13 for year built) and sits in a neighborhood where most homes are older (average built 1994). The assessed value of $570k is notably above the Whyte Ridge average ($529.6k) and well above the citywide average ($390.1k), placing it in the top 10% citywide. However, on Phimister Close itself, the assessed value is slightly below the street average of $614.6k—meaning you may get a newer home at a relative discount compared to direct neighbors. The lot and living area are close to neighborhood norms but slightly below the street average, so the property doesn’t stand out on square footage alone.

Where the appeal lies: The combination of a relatively young construction year with a well-established, mature neighborhood. Buyers get a home that feels current without paying a premium for an oversized lot or excessive square footage. The value gap between the street and city rankings also suggests potential for appreciation if surrounding homes continue to rise in value.

Who it suits: Buyers who prioritize a newer home with lower maintenance risk (roof, mechanicals, foundation age) over raw space. It’s a good fit for families or professionals who want to be in Whyte Ridge—a known, stable area—without stretching into the highest price bracket on the street. Less suited for someone who needs a large yard or wants the biggest house on the block.

Five Possible FAQs

1. How does this home compare to others on Phimister Close?
It’s the newest home on the street (built 2006 vs. the street average of 2006, ranked 1st), but the smallest in living area (ranked 13th out of 13). Assessed value is below the street average, meaning you pay less than neighbors for a newer structure. The lot is slightly smaller than average.

2. Why is the assessed value above neighborhood and city averages but below the street average?
Phimister Close itself has homes with higher-than-typical assessed values for Whyte Ridge. This property lands below that street benchmark but still well above the wider neighborhood and city medians. It suggests the street is an outlier within an already desirable area.

3. Is the living area smaller than typical for Winnipeg?
No. At 1,543 sqft, it’s above the citywide average of 1,342 sqft for comparable homes. It’s only “below average” when compared to other homes on the same street, which happen to be larger on average (2,061 sqft). In a broader context, the size is solid.

4. What does “ranked #1 for year built” actually mean in practice?
It means no other home on Phimister Close was built more recently. For buyers, this translates to newer construction standards (likely better insulation, windows, electrical, and foundation) and less immediate need for major replacements compared to older homes on the street. Being built in 2006 also means it’s old enough that any initial settling or early defects have typically been addressed.

5. How does the lot size affect usability?
At 6,196 sqft, the lot is generous by Winnipeg city standards (top 27%) but mid-range for Whyte Ridge. It’s enough for a decent backyard, garden, or play space without feeling like excess land to maintain. The slightly smaller footprint compared to neighbors may mean less lawn care or snow clearing, which some buyers prefer.