36 Setterington Bay – Property Summary

Key Characteristics & Buyer Profile

This is a 1,857-square-foot home built in 2003 on an 8,177-square-foot lot in Whyte Ridge, Winnipeg. What stands out is how consistently it performs across multiple metrics. On its own street, it ranks second in assessed value (top 6%) and third in land area (top 8%)—meaning it’s one of the larger, more valuable properties on Setterington Bay. The assessed value of $630,000 is significantly above both the neighborhood average ($529,600) and the citywide average for comparable homes ($390,100).

The living area is slightly below the street average but still ranks in the top 15% citywide. The year built (2003) is the oldest on its street, though that’s a matter of a single year—the street average is 2004. Within the broader Whyte Ridge neighborhood, this home is newer than most, where the average build year is 1994. The property offers a generous land area that beats neighborhood and city medians by a notable margin.

Where the appeal lies: The home occupies a strong position within a stable, established neighborhood. It's not the flashiest new build, but the combination of size, lot, and assessed value suggests a well-maintained property on a desirable street. Buyers get more land and higher relative value than most nearby homes, without being the newest or largest in living space.

Who it suits: Families or professionals looking for a solidly above-average home in a mature Winnipeg neighborhood. It’s a good fit for someone who prioritizes outdoor space and long-term value over the very latest construction. Less suited to buyers seeking a newly built home or a compact, low-maintenance property.

Frequently Asked Questions

1. How does this home compare to others on the same street?
It ranks second out of 36 homes for assessed value and third for land area. The living area is around average for the street. It’s one of the older homes on the block (built 2003 versus a street average of 2004), but only by a single year.

2. Is the assessed value a reliable indicator of market price?
Assessed value is a useful benchmark for comparison, but it’s not the same as market value. This property’s assessment of $630,000 is well above the street, neighborhood, and city medians, which signals strong relative standing. Actual sale price depends on condition, upgrades, and market conditions at the time of sale.

3. How big is the lot relative to similar homes?
The land area is 8,177 square feet, which ranks third on the street (top 8%) and in the top 11% citywide. This is a genuinely large lot for the area—about 50% larger than the street average of 5,436 square feet.

4. Why is it ranked as “below average” for year built on its street?
The street average for year built is 2004, and this home was built in 2003—a difference of just one year. Within the neighborhood and city, it’s newer than most. The “below average” label is a narrow technical ranking, not a meaningful quality issue.

5. What kind of area is Whyte Ridge?
Whyte Ridge is an established Winnipeg neighborhood with homes built mainly from the 1990s onward. This property sits in a part of the area where homes are newer than the neighborhood average, and lot sizes tend to be generous. It’s a suburban setting with mature trees and local amenities nearby.