104 Vanderbilt Drive

104 Vanderbilt Drive – Property Summary

Key Characteristics & Buyer Profile

This 1,670 sqft home, built in 1997, sits on a substantial 9,954 sqft lot in Whyte Ridge. What stands out most is the mismatch between the house’s living area and its value. While the home is slightly smaller than others on its street (ranking in the bottom 17% locally for size), its assessed value ranks in the top 2% citywide. The land is the real asset here—the lot size places it in the top 6% both in the neighbourhood and across Winnipeg.

The appeal lies in the value of the land and location. The property offers a generous outdoor footprint in a well-established area, without the premium of a newer or larger home. This could appeal to buyers who prioritize yard space, privacy, or the potential to renovate or expand. It may also suit someone looking for a solid, mid-sized home in a neighbourhood with strong property values, where the land is the appreciating component. Less obviously, this could be a candidate for a buyer interested in long-term redevelopment potential, provided local zoning allows it.

Five Possible FAQs

1. Why is the assessed value so high relative to the living area?
   The property’s land area is significantly larger than average for the neighbourhood and city, which heavily influences assessed value. The home itself is modest in size, but the lot is a standout asset.

2. How does this home compare to others on Vanderbilt Drive?
   It’s smaller than average for the street (1,670 sqft vs. the street average of 2,055 sqft), but ranks well above average in both land area and assessed value. It’s not the newest or the largest, but it holds its value.

3. Is this a good option for someone wanting a newer home?
   It depends. The home was built in 1997, which is newer than the citywide average (1966) and roughly on par with the neighbourhood (1994). It’s not brand new, but it’s not an older home either.

4. What type of buyer typically considers a property like this?
   Buyers who value lot size and location over interior square footage. Also those open to future renovations, or who want a home in a high-value neighborhood without paying for a fully upgraded house.

5. Can I see how this property sits in relation to nearby homes?
   Yes. The neighbourhood analysis page offers a map view that compares this property’s year built, living area, assessed value, and lot size against nearby homes.