Property Summary: 24 Leander Crescent

Key Characteristics & Buyer Profile

This 2002-built home in Whyte Ridge offers 1,778 square feet of living space on a 4,612-square-foot lot. Its most distinctive feature is the assessed value: ranked in the top 9% citywide and top 14% within the neighbourhood, the property sits well above both local and city averages. The living area is also a strong point—above average for Winnipeg as a whole, though slightly below the immediate street average. The lot is on the smaller side for Whyte Ridge, which is typical for newer infill or compact designs in the area. The home itself is newer than most in the neighbourhood (top 10%) and newer than the street average.

The appeal here is less about land and more about a well-maintained, relatively recent build in a mature, established neighbourhood. The living space is generous by city standards, and the high assessment reflects either quality finishes, recent updates, or strong market demand in this pocket of Whyte Ridge. It’s a solid fit for buyers who prioritize indoor square footage and a newer structure over a large yard—perhaps a family downsizing from a bigger lot, or someone who wants a turnkey home without major renovations. It could also suit an investor or buyer focused on resale value, given the above-average ranking in assessed worth.

Five Possible FAQs

1. How does the lot size compare to other homes in Whyte Ridge?
The lot is smaller than average for the neighbourhood, ranking in the bottom 17% (top 83%). At 4,612 square feet, it’s below the Whyte Ridge average of 6,175 square feet. This is common for newer builds in established areas where lots were subdivided, so don’t expect a sprawling yard.

2. Is the assessed value accurate, or could the home sell for more or less?
The current assessment is $584,000, which is above average for the street, neighbourhood, and city. Assessments don’t always track the market exactly—they’re done in bulk and may lag behind recent sales. If comparable homes nearby have sold for more, the market price could be higher. A realtor can give you a better sense of current market conditions.

3. What does “ranked top 9% citywide” mean for the home’s resale potential?
It means this property’s assessed value is higher than 91% of comparable homes across Winnipeg. That can be a selling point—it suggests the home holds its value well—but it also means you’re paying a premium. Buyers should check whether that premium is justified by the home’s condition, updates, and location.

4. How does the year built affect maintenance or insurance costs?
Built in 2002, the home is about 22 years old as of 2024. That’s newer than the Whyte Ridge average (1994) and the city average (1966). Expect fewer immediate major replacements than an older home—roof, furnace, and windows are likely in decent shape—but it’s not new enough to be under full builder warranty. Insurance rates are typically moderate for homes of this age, though premiums depend on specific factors like electrical, plumbing, and location.

5. What kind of street is Leander Crescent?
Leander Crescent is a relatively short street with 50 comparable homes. The average living area on the street is 1,869 square feet, and the average lot is 4,857 square feet. The street skews toward slightly larger homes than this one, but the house ranks above average for assessed value and year built. It’s a quiet crescent typical of Whyte Ridge—likely family-oriented, with mature trees and good access to schools and parks. For a detailed side-by-side comparison with nearby homes, use the neighbourhood map analysis tool.