3 Invermere Street

Whyte Ridge, Winnipeg

Property score

78.2

Good

Overall 78.2 · Smaller and older than most nearby homes

1,221 sqft (bottom 10%) · Built in 1987 (7 yrs older than avg)

Located in a high-income area with median household income of ~137k

Transit 76.0 · 6-min walk to transit with 4 nearby routes · Within 500m: 1 school, and 1 park nearby

Living Area

Below average

27% smaller than neighborhood avg.

Year Built

Below average

7 yrs older than neighborhood avg.

Mother tongue

English · 63%Chinese · 10%

Past 10 years Whyte Ridge sales snapshot (~80% of all data)

Sold Count

752

Median price

536.3k

$/sqft

$352/sqft

Avg build year

1994

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Property score

78.2 is composed by the two sections below.

Property Score

69.1Good
Living Area1,221 sqft66Good
Year Built198778Good
Lot Size6,573 sqft85Excellent
Neighbourhood Sales Activity23Low

Community Score

91.8Excellent
Household Income92Excellent
Education Level91Excellent
Housing Stress93Excellent
Core Housing Need100Excellent
Employment Health83Excellent

Neighbourhood Sales

Whyte Ridge

How to read: Share of sales in each ~$50k price band for “whyte ridge” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111215

Community deep dive

$137K

Median household income

$155K

Average household income

7%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.8

P90 / P10 ratio

9%

Single-person households

52%

Families with children

Population, labour & age

Population (2021)832
Labour force participation rate73%
Median age41.6
Avg household size3.1
Unemployment rate6%
Population density3617 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households9%
Couple families with children52%
Median household income (2020)$137K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$488K

Diversity, education & language

Immigrants (share of pop.)32%
Visible minority37%
Bachelor's or higher (25–64)54%
Mother tongue (1st)English · 63%
Mother tongue (2nd)Chinese · 10%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,221 sqft
0255075100
Same streetBottom 13%Same areaBottom 10%CitywideTop 48%
Same street · Invermere Street
#54 / 62
Bottom 13% · Avg 1,521 sqft
Same area · Whyte Ridge
#2,139 / 2,382
Bottom 10% · Avg 1,666 sqft
Citywide · Winnipeg
#93,614 / 194,458
Top 48% · Avg 1,342 sqft

Tax-Assessed Value

above average
453k
0255075100
Same streetBottom 6%Same areaBottom 7%CitywideTop 28%
Same street · Invermere Street
#58 / 62
Bottom 6% · Avg 494.2k
Same area · Whyte Ridge
#2,224 / 2,382
Bottom 7% · Avg 529.6k
Citywide · Winnipeg
#54,181 / 194,458
Top 28% · Avg 390.1k

Year Built

above average
1987
0255075100
Same streetBottom 16%Same areaBottom 17%CitywideTop 25%

Lot Size

above average
6,573 sqft
0255075100
Same streetTop 13%Same areaTop 26%CitywideTop 22%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

3 Invermere Street — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 335 m), 1 parks (nearest 402 m).

Search radius
🏫Education1
🌳Parks1

Crime & Safety

Whyte Ridge · WPS public data · 2026

Annual incidents

4

2026

vs. city avg

-86%

relative to avg

Year-over-year

-95%

vs. prior year

Primary type

Violent

75%

Sales History

Sold 6/2023CA$450k–500k
Sold price

Same street

Bottom 46%

Same area

Bottom 41%

City-wide

Top 22%

Related homes

Highlights & common questions: 3 Invermere Street, Winnipeg

Key Characteristics & Buyer Profile

This 1,221 sqft home on Invermere Street in Whyte Ridge is a property that stands out for its generous lot rather than its interior size. Built in 1987, the house is older than many of its immediate neighbours, but that also means it sits on a 6,573 sqft lot—ranking in the top 13% on the street and well above the average for both the community and the city. The living area, by contrast, is below the street and neighbourhood averages, though it aligns closely with the city-wide norm.

Where the property’s appeal really lies is in its combination of a larger-than-typical yard and a relatively lower assessed value for tax purposes. At $453,000, the assessed value is below most homes on the street and in Whyte Ridge, but sits above the city-wide average. This suggests a home that may not be the most polished or updated on the block, but offers room to grow—literally and figuratively—without the premium price tag.

This property would suit a buyer who values outdoor space and is willing to invest in interior updates or renovations. It’s a good fit for someone who doesn’t need the largest floor plan right now, but wants a solid lot in a well-regarded neighbourhood. It could also appeal to those who see potential in a home that’s not the newest, but has good bones and less competition on price.


Five Possible FAQs

  1. How does the property’s lot size compare to others in Whyte Ridge?
    The lot is 6,573 sqft, which is above both the street average (5,067 sqft) and the community average (6,175 sqft). It ranks in the top 26% within Whyte Ridge and top 22% city-wide.

  2. Why is the assessed value relatively low for the area?
    The assessed value of $453,000 is below the street and neighbourhood averages, likely reflecting the home’s older construction (1987) and its smaller living area compared to nearby homes. It does, however, exceed the city-wide average, indicating that location and lot size still carry weight.

  3. Is the home a good candidate for renovation or expansion?
    Possibly. The larger lot provides more flexibility for additions or outdoor improvements, though any plans would need to be checked against local zoning and permit requirements. The interior is smaller than many homes on the street, so there may be room to reconfigure or add square footage.

  4. How does the 1987 build date affect the property’s value or upkeep?
    Homes from the late 80s can require updates to systems like roofing, windows, or mechanicals depending on when they were last replaced. That said, the home’s age is older than most on the street and in Whyte Ridge, but newer than the city-wide average. A pre-purchase inspection would give a clearer picture.

  5. What type of buyer typically looks at a property like this?
    Buyers who are willing to trade some interior space or modern finishes for a larger lot and a lower entry price in a stable neighbourhood. It also suits those who prefer to add value over time rather than pay a premium for a move-in-ready home.

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