Key Characteristics & Buyer Profile

This 1,455 sqft home on Stonegate Close sits on a notably large 9,615 sqft lot—placing it in the top 7% city-wide for land size. Built in 1987, it’s the oldest house on its street but newer than the Winnipeg average, which gives it a mature character without being dated. Its assessed value of $518,000 is above the city median but close to the Whyte Ridge neighborhood average, suggesting solid value relative to its surroundings.

The appeal lies in the land. In a market where most properties in Whyte Ridge sit on roughly 6,000 sqft lots, this one offers nearly 50% more outdoor space. For buyers who value privacy, gardening, or room to expand, that’s the standout feature. The interior size is middle-of-the-road for both the street and the city, so the house itself is practical rather than oversized. It suits buyers who are less concerned with square footage and more interested in what the property can become—someone willing to update or personalize a well-built older home on a generous plot, in a stable, family-oriented community.

Five Possible FAQs

1. How does the property’s age compare to other homes on the street?
It’s the oldest house on Stonegate Close, built in 1987. The street average is 1986, so it’s essentially on par. In the wider Whyte Ridge area, most homes are newer (average 1994), so this is on the earlier side for the neighborhood.

2. Is the assessed value a reliable indicator of market price?
Assessed value tends to lag behind market conditions. At $518,000, it’s above the city average but below the Whyte Ridge median. Given the large lot and strong land rankings, a buyer should expect the final sale price to reflect the premium for land, not just the building itself.

3. What are the neighbors like, based on this data?
The street has only 12 homes, and this one ranks 3rd in assessed value—so neighbors are in a similar price bracket. The homes are slightly larger on average (1,556 sqft), but with smaller lots. It’s a consistent, mid-tier street within a higher-tier neighborhood, which often means stable values.

4. Would this property be good for adding an extension or a secondary suite?
Potentially yes. The lot is nearly 10,000 sqft, and size alone puts it in the top 7% city-wide. However, zoning and setback rules in Whyte Ridge would need to be checked. Buyers should verify what’s permissible before assuming they can build out.

5. Why is the lot size ranking so different from the interior size ranking?
That’s exactly where the value lies. The interior is slightly below average for the street and neighborhood, but the land is exceptional. It’s a classic case of buying potential: the structure is modest, but the outdoor space offers flexibility that similarly priced homes in the area don’t.