39 Invermere Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,246-square-foot home built in 1997, sitting on a 4,196-square-foot lot in Whyte Ridge. The property stands out most for its construction year: it ranks second on Invermere Street (top 3%) and well above the city average, making it one of the newer homes in an established neighbourhood. The assessed value of $469,000 is below the street and area averages but above the citywide median—meaning you’re paying a premium for the location and newer build relative to Winnipeg as a whole, but getting value compared to neighbouring properties.

The living area is below average for both the street and the neighbourhood, and the lot is notably smaller (bottom 8% on the street, bottom 3% in Whyte Ridge). This trade-off is the property’s defining trait: a newer, well-maintained house on a compact site in a family-oriented suburb. It appeals to buyers who prioritize move-in readiness, modern construction, and lower outdoor maintenance over square footage and yard space. First-time buyers, downsizers, or young families who spend more time indoors than on lawn care would find this a good fit. It’s less suitable for someone seeking a large garden, expansion room, or a fixer-upper at a discount.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
The home’s $469,000 assessment is about 5% below the Invermere Street average and roughly 11% below the Whyte Ridge average. However, it’s about 20% above the citywide average for comparable homes. This suggests the location and newer build carry a premium, but the smaller living area and lot keep the price in check relative to immediate neighbours.

2. Why is the lot size so small compared to others in Whyte Ridge?
Lot sizes in Whyte Ridge vary considerably, and this property falls into the smaller tier (4,196 sqft vs. the neighbourhood average of 6,175 sqft). This often reflects a denser section of the subdivision or a zero-lot-line layout. It’s not uncommon for newer infill or late-1990s builds in established suburbs to have less land—this is a conscious trade-off for a newer house in a built-out area.

3. Is the below-average living area a concern for resale value?
It depends on what buyers in Whyte Ridge are looking for. Living area ranks bottom 15% on the street and neighbourhood, which could limit appeal to families needing more space. However, homes with smaller footprints in good condition and desirable years of construction often maintain value well, especially if they’re priced accordingly. The gap in living area is already reflected in the assessment.

4. What does “Top 46% citywide for living area” actually mean?
It means this home is slightly larger than the median Winnipeg home of similar type, though smaller than most on its own street. This is a common pattern: a newer suburban house may be average or below for its immediate area but still above the city’s older housing stock. The ranking is relative to all comparable homes citywide, not just single-family detached.

5. How does a 1997 build compare to other homes on Invermere Street?
This is one of the newest houses on the street—only one other home was built more recently. The street’s average construction year is 1993, and many surrounding properties date to the late 1980s and early 1990s. If you value modern building standards, insulation, and layout, this home has a clear edge over most of its neighbours.