94 Portwood Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1,550 sqft single-family home built in 1992 in the Whyte Ridge neighborhood of Winnipeg. The property sits on a 5,464 sqft lot, which is somewhat smaller than the street and neighborhood averages. The assessed value is $526,000.

What stands out here is the balance: the home is not the largest on its street, nor does it have the biggest yard in the area. But it performs notably well when compared citywide. While its living area ranks in the 28th percentile across Winnipeg, its assessed value ranks in the 16th percentile—meaning the property holds its value relative to size. Built in 1992, it’s newer than the citywide average (1966) and fits the typical age of homes in both the neighborhood and on the street.

The appeal is twofold. First, this is a solid, mid-range property in a well-established Winnipeg neighborhood. It’s not trying to be the biggest or the newest, but it avoids being an outlier in any negative sense. Second, the citywide value rank suggests that while the lot and living area are modest by local standards, the home itself is priced competitively for what it offers in a broader context. That might signal a home that has been well-maintained or updated in ways that aren't immediately visible from square footage alone.

This property would suit buyers who value stability and comparability over standout features. It's a good fit for someone looking for a home that aligns with neighborhood norms—not too big, not too small—and that doesn’t come with the premium often attached to larger lots or newer construction. It may also appeal to buyers who are comparing homes across Winnipeg and want something that performs above average in value retention without paying for a top-tier property.

Five Possible FAQs

1. How does this home compare to others on Portwood Road?
The living area is below the street average (1,794 sqft), and it's ranked 37th out of 43 homes. The lot size is also somewhat smaller than the street average (6,401 sqft). However, the assessed value is close to the street average (around $533,600), which suggests that any size disadvantage hasn't significantly dragged down the home's valuation.

2. Is Whyte Ridge generally an expensive neighborhood?
Not particularly, relative to the rest of Winnipeg. The property's assessed value ranks around the 39th percentile within the neighborhood, and the neighborhood average for comparable homes is about $529,600. So while Whyte Ridge is above the citywide average ($390,100), it's not an outlier in terms of high-end pricing.

3. How does the lot size affect the home's value?
The lot is 5,464 sqft, which is below both the street and neighborhood averages. But the citywide lot rank is around the 45th percentile—quite average. This suggests that lot size is not a major differentiator here. Buyers with large-yard needs should look elsewhere, but for most, this lot is standard for Winnipeg.

4. Is 1992 considered an old home in Winnipeg?
No. The citywide average year built for comparable homes is 1966, so this home is about 26 years newer than the typical Winnipeg home. On Portwood Road, the average is 1993, so it's consistent with the street's age. It's a solidly-built late-20th-century home, not a historical property.

5. Should I be concerned that the living area is below average on the street?
Only if you specifically need more than 1,550 sqft. The home is smaller than about 86% of the homes on the same street, but that doesn't necessarily mean it's cramped—it just means Portwood Road has a lot of larger homes. For many buyers, a 1,550 sqft home is a comfortable mid-range size. The citywide rank (28th percentile) confirms that this size is above average for Winnipeg overall.