20 Stonegate Close – Property Summary

Key Characteristics & Buyer Profile

This home offers an unusually large lot relative to both its neighbourhood and the city at large. The land area is 10,579 square feet, placing it in the top 5% citywide and the top 4% within Whyte Ridge. On its own street, it ranks third out of twelve homes. The living area is 1,645 square feet, which is slightly above the street average and comfortably above the citywide average for comparable homes. The assessed value sits at $517,000, roughly in line with the neighbourhood median but notably above the citywide median of $390,100. The home was built in 1986, making it older than the typical Whyte Ridge home (average 1994) but newer than the citywide average (1966).

The appeal here is space—specifically outdoor space. Buyers who prioritize a large, private yard over a newer build or a larger interior will find this property distinctive. It suits someone who values land as a feature: a gardener, a family wanting room for children to play, or someone who wants separation from neighbours without moving to a rural area. The home itself is a solid, mid-sized family house from the mid-1980s, not a showpiece, but sitting on a lot that is rare within a well-established suburban neighbourhood. It may also appeal to buyers who see long-term potential in a large property within a desirable school catchment area like Whyte Ridge.

Frequently Asked Questions

1. How does this lot size compare to other homes currently for sale in Whyte Ridge?
   Most homes in Whyte Ridge sit on lots between 5,000 and 7,000 square feet. This lot is roughly 60% larger than the neighbourhood average, which is unusual for a standard residential street in this area.

2. The home was built in 1986. Are there common maintenance concerns I should expect?
   At nearly 40 years old, you may want to check the roof, windows, and mechanical systems—especially the furnace and water heater. Many homes from this era have had updates, but it’s worth verifying. The large lot also means more ongoing outdoor maintenance.

3. Is the assessed value a good indicator of market price?
   Not exactly. Assessed value is a lagging indicator used for property tax calculations. In a competitive market, homes in the top 5% for lot size can sell above assessment, especially if the location and neighbourhood are desirable. A local realtor can provide a more current market estimate.

4. Why is the home ranked “Below Average” for year built within the neighbourhood?
   Whyte Ridge developed mostly in the 1990s, so an 1986 home is older than the typical stock in the area. That’s not necessarily a negative—it often means the home is on a larger lot, as newer subdivisions tend to have smaller parcels. It’s a trade-off between age and space.

5. What type of neighbourhood is Whyte Ridge?
   It’s a well-established, family-oriented suburb in southwest Winnipeg. It has good schools, parks, and access to major routes like the Perimeter Highway. The area is known for its mature trees and larger lots compared to newer developments further out.