Property Summary

Key Characteristics & Buyer Profile

This is a well-performing property in Winnipeg’s Whyte Ridge neighborhood, specifically on Royal Oak Drive. The home offers 1,619 square feet of living space, placing it in the top 2% of homes on its street and the top 24% citywide. It was built in 1995, which is newer than much of the surrounding housing stock—landing in the top 20% across Winnipeg. The lot is notably large at 7,062 square feet, ranking in the top 2% on the street and top 17% in the city. The assessed value of $502,000 is slightly below the neighbourhood average of $530,000 but above the citywide average of $390,000, reflecting strong relative value given the larger lot and newer build.

The appeal here is a balance of space and lot size without overshooting the local price ceiling. Buyers get more square footage than most homes on the block, a yard that stands out even in a family-oriented suburb, and a build year that avoids the maintenance headaches of older 1980s homes common in the area. It would suit families or couples who want room to grow, value outdoor space for gardening or recreation, and are willing to pay a moderate premium over street averages for a property that ranks well across multiple metrics. It’s less suited for someone seeking a turnkey modern interior or a strictly budget-friendly entry point into the market—this is a solid, middle-ground suburban asset, not a bargain or a luxury statement.

Five Frequently Asked Questions

1. How does this property compare to others on Royal Oak Drive?
It ranks first in living area (top 2%), second in assessed value (top 5%), and within the top 2% for lot size. It’s also newer than roughly 60% of homes on the street. This means it’s one of the largest, most valuable, and most spacious lots in the immediate area.

2. Is the assessed value of $502,000 a fair price?
It’s below the Whyte Ridge neighbourhood average of $530,000, but above the citywide average of $390,000. The home’s larger lot and newer construction justify a premium over many nearby properties, though it doesn't reach the top of the local market. For context, it ranks in the top 19% citywide but the bottom 42% within its own neighbourhood—suggesting solid value relative to the city, not a standout within Whyte Ridge itself.

3. Why is the land size considered “极优” (excellent) but the property isn’t top-ranked in its neighbourhood for value?
The lot size places it in the top 2% on the street and top 17% citywide, which is genuinely strong. However, Whyte Ridge as a whole has relatively high land values; many homes in the area sit on similarly large or even larger lots. The assessed value rank (bottom 42% in the neighbourhood) reflects that this home’s price is modest compared to some neighbours with newer renovations or premium locations within Whyte Ridge.

4. Could this property be a good investment for resale?
Potentially, but with caveats. The large lot and above-average living area are durable selling points. However, the build year (1995) means systems like roofing, HVAC, and kitchen finishes may need updating sooner than a newer home. Buyers looking for a quick flip may find the assessment level caps upside. For long-term holding, the lot size offers subdivision or expansion possibilities, though zoning would need verification.

5. What are the main trade-offs of this property?
The biggest trade-off is paying a premium for both size and age. You get more space and land than most comparable homes, but you’re not getting the newest finishes or the lowest price in the area. The home is solidly middle-of-the-pack in its neighbourhood for value, meaning you’re paying for what you get, not a hidden discount. Also, the neighbourhood’s average home is slightly older and smaller, so this property stands out more on paper than it might feel in person—worth verifying actual condition before assuming the rankings guarantee a superior experience.