10 Saxon Bay – Property Summary
Key Characteristics & Buyer Profile
This 1,210 sqft home built in 1987 sits on a 5,719 sqft lot in Winnipeg’s Whyte Ridge neighbourhood. Its assessed value is $481,000.
The property’s appeal is somewhat nuanced. The living area is smaller than most homes on the same street and in the wider neighbourhood, but it lands right around the citywide average. The assessed value tells a different story: it’s above average for Winnipeg as a whole, yet below the Whyte Ridge neighbourhood average. That gap matters—it suggests the property offers a lower entry point into a pricier area, without being the smallest or cheapest option in the city at large.
The lot size is middle-of-the-pack across all three comparisons. The home’s year of construction (1987) is typical for its street, slightly older than the neighbourhood average (1994), but newer than the citywide median (1966). So it’s not old, not new—just settled.
This property would suit a buyer who wants to be in Whyte Ridge but is working with a budget that doesn’t stretch to the neighbourhood’s pricier, larger homes. It’s also a reasonable fit for someone who values a more modest living space—perhaps downsizers, first-time buyers who want to avoid a fixer-upper, or investors looking for a property with above-average citywide value in a sought-after area.
Frequently Asked Questions
1. Why is the assessed value above average citywide but below average in the neighbourhood?
The neighbourhood (Whyte Ridge) has a higher concentration of larger, newer, and more expensive homes than Winnipeg as a whole. So while $481,000 is a solid value citywide, it’s modest relative to the local stock. That can actually be an advantage for buyers who want the area without paying a premium.
2. How does the living area compare to similar homes nearby?
It’s about 230 sqft smaller than the average home on Saxon Bay, and roughly 450 sqft smaller than the Whyte Ridge average. Citywide, it’s right in line with the median for comparable properties. So it’s compact for the neighbourhood, but not unusually small overall.
3. Is the lot size considered small or large?
It’s fairly typical—close to the citywide average (6,570 sqft) and the neighbourhood average (6,175 sqft). It’s slightly below the street average (6,611 sqft), but not by a meaningful margin. You’re getting a standard suburban lot.
4. What does the “Top X%” ranking actually mean?
For each category (living area, value, etc.), the ranking shows the percentage of comparable homes the property outperforms. For example, a citywide rank of “Top 23%” for assessed value means it’s valued higher than 77% of similar homes across Winnipeg. A ranking of “Top 87%” for street-level living area means it’s smaller than most homes on that street—it outperforms only the bottom 13%.
5. Should I be concerned that the property ranks low on living area within the neighbourhood?
Not necessarily—it depends on your needs. If you want a large open-concept layout or extra bedrooms, the smaller footprint could be a limitation. But for someone looking for an efficient, lower-maintenance home in a desirable area, it’s a practical trade-off. The higher citywide value ranking suggests the market still sees the home as a strong asset despite its size.