54 Vineland Crescent – Property Summary

Overview & Target Buyer

This is a 1,984 sqft single-family home built in 1998, set on a 5,380 sqft lot in the Whyte Ridge neighbourhood of Winnipeg. Its assessed value is $562,000.

The property’s biggest strength is its living space. It ranks in the top 11% city-wide for living area, and sits on a street where it outperforms most neighbours on that front. The assessed value follows a similar pattern—above average locally, and notably high compared to the city-wide median. The year built is around the street average, which means the home isn’t unusually old or new for its immediate context, but it is newer than most homes in Winnipeg as a whole. The land area is slightly below the street and neighbourhood averages, so while the house itself is spacious, the lot is not oversized.

What’s less obvious: because the assessed value and living area both rank very high city-wide while the land area is more middling, this property likely achieves its square footage through a multi-storey or well-built footprint rather than a sprawling single-level layout. That may appeal to buyers who want interior space without a large yard to maintain.

This home would suit a buyer who values interior roominess over a big lot, and who wants a newer-ish build in an established, mid-to-upper-tier Winnipeg neighbourhood. It’s a good fit for families needing space, or for someone looking for a property that’s already positioned above average in value—possibly with less need for immediate upgrades than older homes in the same price bracket.

Five Frequently Asked Questions

1. How does this home compare to others on Vineland Crescent specifically?
It ranks 13th out of 111 homes for living area (top 12%), and 21st for assessed value (top 19%). So it’s one of the larger and more valuable homes on the street. Its land area ranks 46th, which is closer to the middle of the pack.

2. Is the assessed value of $562,000 a reliable indicator of market price?
Assessed value is a systematic estimate, not a market appraisal. It’s useful for benchmarking against neighbours and the city, but actual sale prices depend on condition, upgrades, and market timing. That said, the fact that it ranks top 11% city-wide suggests it sits in a relatively high-value tier for Winnipeg.

3. How big is the lot compared to typical homes in Whyte Ridge?
The land area is 5,380 sqft, while the neighbourhood average is 6,175 sqft. It’s below average for Whyte Ridge, ranking in the bottom 41%. Buyers expecting a generous yard may find it tighter than other homes in the area.

4. Is a 1998 build considered old or new in this neighbourhood?
It’s exactly average for Vineland Crescent, where most homes were built around 1998. In the wider Whyte Ridge area, it’s newer than many homes (top 26%), and city-wide it’s significantly newer than the 1966 median. So it’s not brand-new, but it’s not dated either—especially relative to older Winnipeg stock.

5. How do the rankings work, and what do the bar colours mean?
Rankings compare this property to other “comparable homes” within the same street, neighbourhood, or city. Higher rank (lower number) is better for living area, assessed value, and year built. For land area, larger lots rank better. The bar fill shows roughly what share of peers you outperform, and the colour (red, blue, amber, gray) indicates the performance tier—but the exact tier definitions aren’t detailed here, so it’s best used as a quick visual reference rather than a precise grade.