40 Georgetown Drive, Winnipeg — Property Summary

Key Characteristics & Buyer Profile

This two-storey home in Whyte Ridge, built in 2000, offers 1,947 square feet of living space on a 6,215-square-foot lot. Its assessed value is $586,000.

What stands out here is not that it leads its street—it doesn’t. On Georgetown Drive, this property sits near the middle for living area, lot size, and assessed value. Where it differentiates itself is at the neighbourhood and city levels. In Whyte Ridge, it ranks in the top 21% for living area and top 13% for assessed value. Citywide, those figures climb to top 12% and top 9%, respectively. That suggests a home that is modest within its immediate context but comparatively spacious and valuable when measured against broader Winnipeg benchmarks.

The year built (2000) is exactly average for the street, but well above the neighbourhood average (1994) and city average (1966). This gives it a newer construction feel relative to much of the surrounding housing stock, without being the newest house on the block.

Who it suits: Buyers who want a solid, well-positioned home in a mature suburban neighbourhood without paying a premium for the highest-tier property on the street. It works well for someone who values newer construction and above-average space relative to the city, but doesn’t need a corner-lot-sized yard or a top-of-market assessed value. The home is a strong “middle-up” option: not the flashiest on its street, but punching above its weight in the broader market.

Five Frequently Asked Questions

1. How does this home compare to others on Georgetown Drive specifically?
It’s roughly average or slightly below. The street’s average living area is 2,245 sqft (this home is 1,947 sqft) and the average assessed value is $726,200 (this home is $586,000). It’s not out of place, but it’s not the standout on the street either. The lot is also smaller than the street average (6,215 sqft vs. 7,694 sqft).

2. Why is the assessed value strong at the city level but average on the street?
Georgetown Drive has a cluster of higher-end homes that pull the street average up. When compared to all Winnipeg homes, this property lands in the top 9% for assessed value. That gap means the street itself is above-average, so a home that is “average here” is still well above most other areas.

3. Is the land area considered small?
Not citywide—it’s in the top 27% by lot size. But it is below the street average and slightly below the citywide average of 6,570 sqft. It’s a typical suburban lot for Whyte Ridge, not an oversized yard.

4. How does the age of the home affect maintenance or upgrades?
Built in 2000, it’s now over 20 years old. That means major systems like the roof, furnace, or windows may be approaching replacement age depending on when they were last done. However, it is significantly newer than much of Winnipeg’s housing stock (city average year built is 1966), so you’re buying a home that avoids the most common older-home issues like knob-and-tube wiring, lead pipes, or structural settling. The trade-off is that cosmetic updates from the early 2000s may feel dated to some buyers.

5. What does “Top 12% citywide for living area” actually mean in practical terms?
It means this home is larger than about 88% of all homes in Winnipeg. For a family or someone who wants dedicated office or hobby space, that extra square footage is meaningful. It does not, however, mean the home feels unusually large—1,947 sqft is a comfortable size, not a sprawling one. The statistic simply reflects that many Winnipeg homes are smaller (1,342 sqft average).