7 Cedar Glen Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1,124 sqft home built in 1994 on a 4,397 sqft lot in Winnipeg’s Whyte Ridge neighbourhood, with a current assessed value of $440,000. The property’s most notable feature is its value positioning: it sits well below the neighbourhood average on assessed value ($440k vs. $529k neighbourhood average), yet ranks above average citywide, where the typical comparable home is assessed at $390k. This suggests the property offers a relative discount within its immediate area while holding above-baseline value across the broader market.

The living area is smaller than both the street and neighbourhood averages, placing it in the bottom 7% on Cedar Glen Road and bottom 2% in Whyte Ridge. However, citywide it lands near the middle (top 58%), which tempers the small-footprint concern—this size is more typical than the numbers at the local level suggest. The lot is similarly compact for the area (top 88% within Whyte Ridge means only 12% of nearby lots are smaller), though again more typical citywide.

The year built (1994) is solid—slightly older than the street average but newer than the vast majority of homes citywide (top 20%), meaning the construction is modern enough to avoid major systemic issues common in older Winnipeg stock.

This property would suit buyers who:

• Want a newer, lower-maintenance home in a stable suburban neighbourhood without paying a premium for the area.
• Are willing to trade square footage and lot size for a relatively affordable entry point into Whyte Ridge.
• Prefer a home that doesn’t represent the top end of the local market, potentially offering better long-term value alignment if neighbourhood prices soften.
• Don’t need maximum space but do want a property that ranks respectably against the broader city—useful for resale context.

A less obvious angle: the property’s modest size relative to its neighbours could mean lower utility costs, less upkeep, and a more realistic footprint for a smaller household—features that may appeal more as energy and maintenance costs rise, even if they don’t show up in rankings.

Frequently Asked Questions

1. How does this home compare to others on Cedar Glen Road specifically?
It’s on the smaller side (ranked 57th out of 61 homes) and has a lower assessed value (56th out of 61). The lot and year built are closer to average for the street. So it’s not a standout on its own block, but it’s priced accordingly.

2. What does “citywide top 58% for living area” actually mean in practice?
It means that out of nearly 200,000 comparable homes in Winnipeg, roughly 58% are smaller and 42% are larger. It’s a middle-of-the-pack size citywide, which is different from its below-average standing within Whyte Ridge—worth keeping in mind if you’re comparing across neighbourhoods.

3. Is the assessed value of $440,000 a reliable guide to market price?
Assessed value is a lagging indicator and doesn’t always match current market conditions. The property’s assessed value is significantly below the neighbourhood average, which could reflect its smaller size—or it could signal that similar homes in Whyte Ridge have appreciated faster. Cross-reference with recent sales in the area.

4. How does the land area affect practical use or future potential?
At 4,397 sqft, the lot is noticeably smaller than the Whyte Ridge average of 6,175 sqft. That means less yard maintenance, but also less room for expansions, large gardens, or outbuildings. If you’re not looking for a big outdoor space, this could be a net positive.

5. What’s the significance of the year built being “top 20% citywide”?
Most homes in Winnipeg are significantly older (average year built citywide is 1966). A 1994 build means modern construction standards, better insulation, updated electrical and plumbing systems in most cases, and fewer surprises than a century home—without paying the premium for a brand-new build.