Key Characteristics & Buyer Profile

This is a 2002-built home on Cloverwood Road in Whyte Ridge, Winnipeg, with 1,524 square feet of living space on a 4,175-square-foot lot. Its standout feature is the build year: it’s the newest home on its street (ranking 1st out of 52) and significantly newer than the Whyte Ridge average (1994) and the city average (1966). The living space is above the street and city averages but slightly below the community norm. The assessed value sits near the street average but below the Whyte Ridge average, while it’s above the city median.

The appeal here is straightforward: a modern, well-maintained home in an established neighbourhood, without the premium price tag that often comes with newer construction in higher-demand areas. The lot is modest by community and city standards, which keeps the yard manageable and the price more accessible. This property would suit buyers who prioritize a newer, move-in-ready home over a large yard or a more prestigious address. It’s a practical fit for families or professionals who want a solid, updated house in a good school catchment area, without paying for status upgrades they don’t need.

Five Possible FAQs

1. Why is the assessed value lower than the community average if the house is newer?
Whyte Ridge has a mix of older, larger homes on bigger lots, which push the average assessed value higher. This home’s smaller lot and more modest square footage bring its value closer to the street average, even though it’s newer. It’s not a red flag—it means you’re getting a newer build without the community’s top-tier price.

2. How does the smaller lot affect everyday use?
At 4,175 square feet, the lot is about two-thirds the size of the typical Whyte Ridge property. That means less mowing, less snow clearing, and less outdoor maintenance overall. It’s fine for a patio, small garden, or kids’ play set, but if you want a large private backyard or space for a workshop, you’d likely feel cramped.

3. Is the living area actually tight for a family of four?
1,524 square feet is comfortable for a small to average-sized family, especially in a well-laid-out two-storey home. It’s above the city average (1,342 sq ft) and typical for newer builds from the early 2000s. You won’t get a dedicated home office plus a playroom, but the space works well for everyday living if you’re not storing a lot of excess.

4. How does the build year compare to other homes on the street?
The street’s average build year is 2001, so this home is only a year newer than most neighbours. The “1st on the street” ranking is a statistical quirk—likely a few slightly older homes drag the average down. In practice, you’re looking at a street full of early-2000s builds, so the overall age and condition will be consistent.

5. Is this considered a good value compared to other recent sales in Whyte Ridge?
Given that the assessed value is below the community average and the home is newer than most, it likely represents decent value for someone who wants the benefits of a newer home without the premium. That said, the smaller lot and modest square footage limit upside potential compared to larger properties. It’s a solid buy for living, not for flipping.