51 Cloverwood Road

Here is a clean, standalone summary of the property at 51 Cloverwood Road.

Key Characteristics & Buyer Profile

This is a single-family home built in 2001, offering 1,247 sq. ft. of living space on a 4,174 sq. ft. lot in the Whyte Ridge neighbourhood of Winnipeg.

Its most notable feature is its construction date. Built in 2001, it is significantly newer than the neighbourhood average (1994) and the citywide average (1966). This means the home avoids many of the structural and mechanical updates that older properties in the area typically require. The assessed value of $466,000 also stands out: it is below the street and neighbourhood averages, but well above the citywide average. This suggests the property is priced competitively for its specific street and local context, while still being a premium asset relative to the broader Winnipeg market.

The appeal here is practicality and relative value within a specific location. The living area is below the street and neighbourhood average, making this a more modest footprint for the area. The lot is similarly compact by local standards. This makes it a good fit for a buyer who wants to be in a well-regarded, established neighbourhood like Whyte Ridge but does not need a large home or yard. It would particularly suit a first-time buyer, a downsizer moving from a larger house, or someone who prioritizes a newer build with lower immediate maintenance, over maximum square footage or land.

Five Possible FAQs

1. How does the assessed value compare to what I might actually pay?
The assessed value of $466,000 is a baseline used for property taxes, not a market price. It sits below the average for this street ($478k) and neighbourhood ($529.6k). In a competitive market, the sale price could land anywhere from slightly below assessment to above it, depending on condition and buyer demand. It is not a direct predictor of the final sale price.

2. Why is the lot size much smaller than the neighbourhood average?
The lot at 4,174 sq. ft. is well below the Whyte Ridge average of 6,175 sq. ft. This is common in newer infill or denser sections within established neighbourhoods. It is not unusual for a home built in 2001 in this area. The trade-off is a smaller yard with less upkeep, but potentially less privacy from neighbours.

3. Is the home in a flood-prone area or have any known issues with the foundation?
The data provided does not include any history of flooding, foundation issues, or past insurance claims. Because the home was built in 2001, it likely meets more modern building codes than older homes in the area. A standard home inspection and a review of the property’s disclosure statement are the only reliable ways to confirm this.

4. How does the 1,247 sq. ft. living area actually feel?
That figure is likely the "above-grade" living space—the main floors, not including the basement. For a home built in 2001, this is a modest size. It would typically offer two to three bedrooms and one to two bathrooms on the main level. The basement is likely unfinished or partially finished, adding potential for future expansion. It is a comfortable size for a couple, a small family, or a single person, but not spacious for a large household.

5. What makes this house stand out from others on the same street?
The main differentiator is its condition relative to its age. Since it is newer than most homes on the street (the street average is also 2001), it is likely comparable to other nearby builds. However, the lower assessed value and the compact lot size make it one of the more affordable options on Cloverwood Road. A buyer should look at specific interior finishes, layout, and recent renovations to determine its true value relative to neighbours.