693 Scurfield Boulevard – Property Summary

Key Characteristics & Buyer Profile

This is a 1,490-square-foot home built in 2002 on a 5,905-square-foot lot in Winnipeg’s Whyte Ridge neighbourhood. The property’s main strength is its age: it ranks among the newer homes on its street (top 12%) and within the broader city (top 17%). The assessed value sits at $535,000, slightly above the street average and well above the citywide average for comparable homes—a reflection of both its build year and stable local demand.

The living area is slightly smaller than the street average (1,750 sqft) and neighborhood average (1,666 sqft), but larger than the citywide average. That means the home is compact relative to its immediate surroundings but above par for Winnipeg as a whole. The lot size is typical for the area, neither oversized nor cramped.

Who it suits: This property is a strong fit for buyers who prioritize a newer-build home with lower maintenance risk over maximum square footage. It’s well-suited for families or professionals who want a home that feels current without the premium of a custom build. Because the living area is modest by street standards, price-conscious buyers looking into Whyte Ridge might find it less of a stretch than larger neighboring homes. It’s less ideal for someone who needs generous interior space or a large yard, or for investors seeking a below-market entry point—the assessed value already aligns closely with street averages.

FAQs

1. How does the property’s assessed value compare to what I might actually pay?
Assessed value is a baseline used for property tax calculation, not a listing price or market value. This home’s $535,000 assessment is above average for the street and top 15% citywide. In a balanced market, sale prices often land near or slightly above assessment for homes in this tier, but a buyer should compare recent sales on Scurfield Boulevard for the most relevant benchmark.

2. The living area is below the street average—does that affect resale value?
It can, but not drastically. Smaller homes on a street with larger averages may appeal to a narrower set of future buyers, particularly if the lot size is also average. However, the newer build year offsets some of that, since many buyers prioritize modern systems and finishes over raw square footage. The home’s resale strength lies in its age, not its size.

3. Why is the citywide living area average so much lower than the street average?
Citywide averages include older homes, smaller condos, and a broader range of property types. Scurfield Boulevard in Whyte Ridge has a specific stock of single-family homes built in the late 1990s and early 2000s, which tend to be larger. The 1,490 sqft here is typical for its era in Winnipeg, but not for its immediate street.

4. The land area is only slightly above the street average—does that mean the lot is small?
Not exactly. "Small" depends on context. At 5,905 sqft, the lot is typical for Whyte Ridge and in line with newer subdivisions in Winnipeg. It’s on the smaller side compared to older neighborhoods with deep lots, but it’s not undersized for a home built in 2002. What matters more is the lot’s shape, exposure, and how the yard is laid out, which aren’t captured in the data.

5. What does the “neighbourhood analysis map” actually show?
It’s a map overlay that lets you see nearby homes by year built, living area, lot size, and assessed value. Useful for understanding whether this property is one of the newer, smaller homes on the block, or more typical. It can reveal if the home is flanked by older, larger houses or sits among similar builds. That visual context often matters more than raw rankings for making an offer.