Property Summary

Key Characteristics & Ideal Buyer Profile

This is a standout home in Whyte Ridge, Winnipeg, built in 2006. At 2,300 square feet, it ranks in the top 5% citywide for living area—significantly larger than both the street average (1,732 sqft) and area average (1,666 sqft). The assessed value of $587,000 is above average locally but still underperforms relative to its size, suggesting good value per square foot. The lot is 4,823 square feet, which is slightly above average for the street but below the median for Whyte Ridge and citywide—so you get generous indoor space without a massive yard to maintain.

The home's main appeal lies in its combination of size and relative affordability. It's newer than most homes in the area (top 1% in Whyte Ridge for year built), meaning fewer immediate renovation concerns, but it doesn't command the premium you'd expect for that age. This creates a sweet spot for buyers who want modern construction and generous square footage without paying top-dollar assessed value.

This property would suit families or professionals who need room to spread out—multiple bedrooms, home office space, or a rec room—but don't want the upkeep of a sprawling lot. It's also a strong fit for value-conscious buyers who prioritize interior space over land size. The top-5% street ranking suggests Moncrief Lane is a desirable pocket within the neighbourhood, so curb appeal and resale potential are solid.

Five Frequently Asked Questions

1. Why is the assessed value lower than the rankings for size and year built?
Assessed value reflects market conditions at a fixed point in time and factors in more than just square footage and age—location within the street, lot characteristics, and recent sales of comparable homes all play a role. The lower-than-expected value relative to size suggests the home may be under-assessed, which could be an advantage for property taxes, but buyers should verify with a local appraiser whether the assessment aligns with current market pricing.

2. Does the smaller-than-average lot size affect resale value?
In Whyte Ridge, where larger lots are common, a smaller lot can limit appeal for buyers seeking outdoor space. However, for the target buyer—someone who values interior size and a newer home—this trade-off often works in your favour. Maintenance is lower, and you're paying less for land you may not use heavily. Resale value will depend on whether that buyer profile remains strong in the area.

3. How does this home compare to others on Moncrief Lane?
It's the top-ranked home on the street for living area and year built, and in the top 19% for assessed value. That means it's likely one of the largest and newest homes on the block. The downside? It may stand out from neighbouring properties in terms of size, which could affect how it fits into the street's overall character—something to consider if you value uniformity or blend.

4. What maintenance should I expect for a 2006-built home in this region?
A home from 2006 is entering the age where major systems (roof, HVAC, windows) may need attention within the next 5–10 years depending on previous upkeep. Since it's in Winnipeg, check for signs of frost heave or foundation settling, which are common in clay soil areas. The newer build means better insulation and modern electrical, but don't assume zero deferred maintenance—request inspection reports for the roof and furnace age specifically.

5. Is the property well-suited for a growing family, or more for downsizers?
At 2,300 square feet, it's roomy enough for a family of four or five without feeling oversized. However, the smaller lot means less outdoor play space—nearby parks or community amenities become more important. For downsizers looking to reduce yard work, this is a good match; for families wanting a large private backyard, the land area may feel tight. Consider your lifestyle priority before assuming it fits one category or the other.