Key Characteristics & Buyer Profile

This 1,254 sq ft home at 3 Moncrief Lane sits on a 5,135 sq ft lot and was built in 2006. Its standout feature is its build date—one of the newest on the street (top 5%) and well within the top 1% of homes in the Whyte Ridge community, where the average home dates to 1994. The assessed value (CAD $463,000) is below the street and neighbourhood average but above the citywide average, which reflects a relatively more affordable entry point into a newer home. The lot is slightly larger than others on the street but average for the city; the interior square footage is below the street and neighbourhood averages, though still above average citywide.

The appeal here is practical and a bit specific. Buyers get a nearly 20-year-old home that’s still young compared to most of the surrounding stock. In a neighbourhood like Whyte Ridge, where many homes are from the mid-90s or earlier, this property offers newer construction without the premium of a brand-new build. The assessed value suggests reasonable property taxes relative to the neighbourhood. The trade-off is interior space—this is a smaller-than-average home for both the street and the area, so the square footage may feel tight for someone used to Whyte Ridge’s typical layouts.

This property would suit a buyer who prioritises a newer build and lower carrying costs over maximum square footage. It’s a natural fit for a small family, a couple, or an empty-nester who wants a well-maintained, relatively modern home in an established neighbourhood without paying top-of-market price. A buyer coming from outside Winnipeg may find the size-to-value ratio familiar, while a local moving within Whyte Ridge will likely notice the trade-off in livable area.

Five Possible FAQs

1. How does this home's age compare to others nearby?
The home was built in 2006, making it one of the newest on Moncrief Lane (1st out of 21) and within the top 1% of homes in Whyte Ridge. The typical home in the neighbourhood dates to 1994, so this property is about 12 years newer than average. Citywide, the average build year is 1966, so this is a relatively young home by Winnipeg standards.

2. Is the assessed value in line with the home’s condition?
The assessed value of $463,000 is below the average on the street ($544,000) and in the community ($530,000), but it’s above the city average ($390,000). This suggests the home is priced more affordably than many of its neighbours, likely reflecting its smaller square footage rather than any condition issues. It’s a reasonable starting point for tax purposes, though final market value may differ.

3. Why is the square footage lower than the street and neighbourhood averages?
At 1,254 sq ft, this home is the smallest on Moncrief Lane (21st out of 21) and below the Whyte Ridge average of 1,666 sq ft. The street itself has larger-than-average homes, so this property stands out as a more compact option. It’s still slightly above the Winnipeg average of 1,342 sq ft, so it’s not unusually small citywide, but it’s definitely a tighter floor plan for the area.

4. How does the lot size affect outdoor space?
The lot is 5,135 sq ft, which is larger than the street average of 4,847 sq ft (2nd out of 21), but smaller than the community average of 6,175 sq ft. So you get a bit more yard than your immediate neighbours, but it’s not a big lot compared to the wider neighbourhood. The lot size is essentially average for Winnipeg as a whole. Good for manageable upkeep, but not expansive.

5. What kind of buyer should consider this home?
It’s best suited for someone who values a newer home in an older neighbourhood without paying for maximum space. A smaller household—couple, single person, or small family—will get the benefit of modern construction and lower property taxes, but shouldn’t expect the roomy interiors typical of Whyte Ridge. It could also appeal to a buyer relocating from a city where 1,250 sq ft is standard, as this size is relatively common citywide.