75 Virginia Place – Property Summary

Key Characteristics & Buyer Profile

This 1997 home in Whyte Ridge offers 1,737 square feet of living space on a 4,297-square-foot lot. Its assessed value sits at $534,000. The home’s strongest feature is its build date—it’s the newest house on Virginia Place (top 5% on the street) and newer than most homes citywide, where the average year built is 1966. The living area is above average compared to Winnipeg as a whole (top 19%), though roughly in line with its own street and neighbourhood. The assessed value follows a similar pattern: solidly above the city median but not standing out dramatically within Whyte Ridge itself. The land area is smaller than typical for both the street and the area (top 92% in the neighbourhood), which is worth noting if outdoor space is a priority.

Where the appeal lies: The home offers a newer build in an established neighbourhood, without the premium price tag of a brand-new development. For buyers who want a house that avoids the maintenance issues common to older Winnipeg homes—like aging roofs, furnaces, or windows—this property checks that box. The above-average living area also gives it an edge over many similarly priced homes across the city.

Who it suits: First-time buyers who want something move-in ready but can’t afford a newer infill. Move-up buyers downsizing from a larger older home but still wanting decent interior space. Also, anyone who prioritizes a newer structure over a large yard—this is not a property for gardeners or families wanting a big lot for playsets and dogs.

Five Possible FAQs

1. How does the lot size compare to other homes in Whyte Ridge?
It’s on the smaller side—4,297 square feet ranks in the bottom 8% of the neighbourhood. Most similar homes in the area sit on lots closer to 6,000 square feet. If you’re used to a standard suburban lot, this one will feel compact.

2. Is the assessed value likely to change significantly?
Assessed value here is above average for Winnipeg but roughly in line with the street and neighbourhood averages. That suggests it’s not overvalued relative to its immediate comparables, though property tax reassessments depend on broader market trends.

3. How does the living area affect resale potential?
At 1,737 square feet, it’s slightly above average for the street and well above the citywide median. That gives it good baseline appeal—most buyers are looking for at least 1,500–1,800 square feet in this price bracket. The fact it’s not oversized for the lot also means rooms likely feel appropriately scaled, not cramped or awkwardly large.

4. What’s the trade-off between a newer home and a smaller lot?
The main trade-off is outdoor space versus indoor condition. You get a house that’s 30+ years newer than the city average, which typically means better insulation, wiring, and structural integrity. But you lose yard space for storage, gardening, or expansion. If you value low maintenance over a big backyard, this makes sense.

5. Does being the newest house on the street add value or risk?
It adds immediate appeal—newer finishes, fewer urgent repairs, and a fresh feel among older neighbours. However, it also means you’re paying a slight premium for that newness relative to the street’s average assessed value. Over time, as the house ages, that advantage narrows unless you maintain or update it proactively.