104 Cloverwood Road – Property Summary
Key Characteristics & Buyer Profile
This is a well-established home built in 2002, located in the Whyte Ridge neighbourhood of Winnipeg. Its standout feature is the build year—it ranks #1 on Cloverwood Road for newness, placing it in the top 2% of the street and top 10% of the neighbourhood. The living area of 1,529 sqft is above average both on the street (ranked 12th out of 52) and citywide (top 29%), though slightly below the neighbourhood average of 1,666 sqft.
The assessed value of $518,000 is notably high for the street—ranked 3rd out of 52 (top 6%)—but sits near the middle of the neighbourhood, which averages $529,600. Citywide, it ranks in the top 17%, reflecting above-average value relative to comparable homes across Winnipeg.
The lot size of 3,955 sqft is the property's weakest metric, ranking low on the street (38th out of 52) and in the bottom percentile for both the neighbourhood and the city. This means the house itself is newer and well-sized, but the yard is smaller than most surrounding properties.
Where the appeal lies: The home offers a newer build on a mature street with a strong value-to-size ratio. It suits buyers who prioritize interior space and a modern construction date over a large lot—something that’s often undervalued in family-oriented suburbs where yard size tends to dominate. The combination of a top-ranked build year and above-average living area also suggests lower immediate maintenance concerns compared to older homes nearby.
Type of buyer it would suit: First-time buyers looking for a move-in-ready home without major renovations, or downsizers who want a manageable lot in an established neighbourhood. It may also appeal to investors targeting properties with a strong assessed value relative to the citywide median.
Five Possible FAQs
1. How does the lot size compare to other homes in Whyte Ridge?
It’s noticeably smaller than most. The neighbourhood average lot is about 6,175 sqft, while this property sits at 3,955 sqft—ranking near the very bottom of the area. If a large yard is a priority, this may not be the best fit.
2. Why is the assessed value so high for the street but only average for the neighbourhood?
The street itself has a lower average assessed value ($478,000), likely because it includes older or smaller homes. The neighbourhood average is higher ($529,600), so while this home is among the most valuable on its street, it’s still a bit below the broader Whyte Ridge norm.
3. Is the living area measurement accurate for a home built in 2002?
The 1,529 sqft figure is consistent with typical two-storey or bungalow designs from that era. It’s slightly below the neighbourhood average but still above average citywide, so it’s a solid middle-ground size—not cramped, but not oversized.
4. How does this property rank for construction year compared to the rest of Winnipeg?
It’s in the top 17% of homes citywide for build year, meaning most homes in Winnipeg are older. For buyers who want something newer without paying for a brand-new build, this is a strong option.
5. Should I be concerned about the low lot size ranking?
Only if outdoor space is a major factor. The smaller lot is offset by the newer home and above-average living area. For buyers who prefer less yard maintenance or want a more urban feel within a suburban setting, it could actually be a benefit.