24 Vanderbilt Drive – Property Summary

Key Characteristics & Buyer Profile

This is a substantial single-family home in Whyte Ridge, built in 1995 with 2,272 sq. ft. of living space on a 9,018 sq. ft. lot. Its assessed value is $900,000.

What stands out here is the combination of space and value position. While the home is only slightly larger than average for its own street, it ranks in the top 7% for living area within the neighbourhood and the top 5% citywide. The lot is similarly generous—above average locally and in the top 9% of the area. The assessed value, however, tells a sharper story: top 1% at both the neighbourhood and city levels. This suggests the home carries a premium that reflects more than just square footage—likely location, finishes, or lot desirability within Whyte Ridge.

The year built (1995) is typical for the street and neighbourhood, but notably newer than the citywide median (1966). That means fewer major structural concerns than an older Winnipeg home, though systems may be approaching 30 years and should be reviewed.

Who this suits: Buyers who want a large, well-situated home in a established suburban area without needing to renovate a century property. It also fits someone who values lot size and interior space over ultra-modern finishes—this is a solid, late-90s build that likely offers good bones. Given the assessed value, buyers should be comfortable with a premium price point relative to the immediate street, but are getting a top-tier asset neighbourhood-wide.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
On Vanderbilt Drive itself, this home is above average but not the highest—ranked 10th out of 77 (top 13%). However, within all of Whyte Ridge, it sits in the top 1%, meaning it’s one of the more valuable properties in the broader area. The gap between street ranking and neighbourhood ranking suggests it’s a standout on features buyers pay for: lot, location, or condition.

2. Is the lot size unusually large for this neighbourhood?
Yes, but not drastically so on its own street. The lot is 9,018 sq. ft., which is above the street average of 7,833 sq. ft. But within Whyte Ridge, it’s in the top 9%, and citywide it’s in the top 8%. So you’re getting a genuinely large lot for the city, with more outdoor space than most Winnipeg properties.

3. What should I look out for with a 1995 build?
At nearly 30 years old, typical maintenance items include roofing (asphalt shingles typically last 20–25 years), windows, and HVAC systems. The home is newer than most Winnipeg homes (citywide median is 1966), so it likely has modern electrical, plumbing, and insulation. Still, a home inspection should focus on the age of major systems and any deferred maintenance.

4. Is this home overpriced relative to its street?
On the street, the assessed value of $900K is above the average of $723.6K—a notable gap. That could reflect a larger lot, better condition, or an addition not shared by neighbours. The value jumps to elite status at the neighbourhood and city levels, so while it’s premium for Vanderbilt Drive, it’s not out of step with top-tier properties in Whyte Ridge. A buyer should verify what specifically justifies the premium (e.g., recent renovations, premium lot).

5. How does the living space compare to typical Winnipeg homes?
Very favourably. At 2,272 sq. ft., this home is roughly 70% larger than the citywide average for comparable properties (1,342 sq. ft.). Even within its own neighbourhood, it’s about 36% above the average. It’s a genuinely spacious home by any local standard, especially for a late-90s build in an established suburb.