63 Monticello Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1990-built single-family home in Whyte Ridge, Winnipeg, with 1,217 sq ft of living space on a notably large 7,039 sq ft lot. The property’s strongest asset is its land: it ranks in the top 5% on its street for lot size, top 20% in the neighbourhood, and top 17% citywide. The home itself is slightly smaller than both the street and neighbourhood averages, but close to the citywide norm. Its assessed value ($522,000) is above average for the street and well above the citywide median of $390,000, reflecting the land value more than the house size. The build year is typical for the street (1990), slightly older than the neighbourhood average (1994), but newer than much of Winnipeg’s housing stock.

Where the appeal lies: Buyers get a generous yard on a quiet street in a family-oriented suburb, without paying a premium for square footage they may not need. It’s a practical trade-off – a smaller footprint with outdoor space that’s increasingly rare in newer developments. The price-to-land ratio is favourable compared to a newer, larger home on a postage-stamp lot.

Who it would suit: Families or couples who value outdoor space, gardening, or room for kids and pets, and who are comfortable with an older (but not old) home that likely needs updating in some areas. It’s less suited to someone who wants a move-in-ready, larger interior or a top-tier school catchment without checking specifics. The property is also a strong candidate for long-term ownership, given the land scarcity in this price bracket.

Frequently Asked Questions

1. How does the living space compare to typical homes in Whyte Ridge?
It’s below the neighbourhood average of 1,666 sq ft by about 27%. For context, this is a common size for entry-level or mid-range family homes in Winnipeg from the 1990s, but Whyte Ridge skews slightly larger. You’re getting a modest interior by local standards.

2. Is the assessed value realistic for resale?
The assessed value of $522,000 is above the street average but below the neighbourhood average of $530,000. Given the land size and the fact that lot value tends to hold or appreciate faster than structures, this is a reasonable baseline. A buyer should still check recent sale comparables on the street.

3. What’s the property tax likely to be?
Assessed value is the basis for municipal property taxes in Winnipeg. You can multiply the assessed value by the current mill rate (check the city’s rate for the year). Expect a figure in the range of $4,500–$5,500 annually, depending on any phase-in adjustments.

4. Is a 1990 build a concern for major repairs?
The home is now 34 years old. Typical items to inspect: roof (asphalt shingles last 20–25 years), windows (original units may be single-glazed or inefficient), furnace and AC, and the foundation. The good news is that 1990s builds in Winnipeg generally use newer building codes and materials than homes from the 1960s–70s, but you’re past the point where major systems are still under warranty.

5. Why is the lot so large compared to other homes on the street?
The lot ranks 3rd largest on Monticello Road (out of 56), which suggests it may be a corner lot, a pie-shaped lot at the end of a cul-de-sac, or simply one of the original lots in the subdivision that wasn’t subdivided later. It’s worth checking the exact dimensions – a 7,000 sq ft lot is uncommon for a detached home in this price range in Winnipeg.