47 Invermere Street – Property Summary

1. Key Characteristics, Appeal, and Suitable Buyers

This is a single-family home built in 1994, located in Winnipeg’s Whyte Ridge neighbourhood. Its standout feature is the large lot: at 8,116 square feet, the land ranks 2nd out of 62 homes on the same street (top 3%) and well above both the neighborhood and city averages. The living space is 1,466 square feet—close to the street average of 1,521 sq ft and slightly below the neighborhood average of 1,666 sq ft, but better than the citywide average of 1,342 sq ft. The assessed value of $535,000 is above the street average ($494,000) and well above the city average ($390,000), reflecting the premium for a larger lot in a stable, suburban area.

The appeal lies in the combination of a generously sized, private yard and a house that is neither the newest nor the oldest—built in a year that is common in the area and significantly newer than the city average of 1966. This limits the likelihood of major structural updates typical of older homes, while still offering scope for interior modernization. The property would suit buyers who prioritize outdoor space (gardening, children’s play, or future expansion) over a large interior footprint. It is less suited to those seeking turnkey luxury or a low-maintenance, compact yard. Practical buyers who value land as an asset—especially on a street where lots are typically smaller—will see the comparative advantage here.

2. Possible FAQs

Is the house within walking distance of schools or amenities?
The property is located in Whyte Ridge, a residential area that generally offers access to neighbourhood schools and parks. Specific distances to the nearest elementary school or shopping plaza are not included in the data provided, but the area is known for being family-oriented.

Why is the assessed value higher than many homes on the street?
The assessed value is driven primarily by the large lot size, which is among the largest on the street. While the house itself is not exceptionally large, the land commands a premium in the local market.

Does the house need major renovations?
The home was built in 1994, making it roughly 30 years old. Depending on maintenance history, items like roofing, windows, or mechanical systems may be nearing the end of their typical lifespan. A home inspection would be recommended, but the age alone is not unusual for the neighbourhood.

How does the property compare to others in Whyte Ridge overall?
In terms of land size, it ranks in the top 12% of the neighbourhood. Living area is close to the neighbourhood average. The assessed value is near the neighbourhood average, suggesting that while the lot is generous, the home itself does not push the overall value far above other local properties.

Is the lot suitable for an addition or a secondary suite?
At 8,116 square feet, the lot is large by both street and city standards. Whether a structural addition or secondary suite is possible would depend on current zoning regulations, setback requirements, and any restrictive covenants in the area. This would need to be verified with the local planning department.