109 Burlington Way: Property Summary
Key Characteristics & Buyer Profile
This 1,674 sqft home, built in 1986 on a 6,332 sqft lot, consistently ranks above average citywide but sits in a more specific position within its immediate street and neighbourhood. Citywide, it places in the top 22% for living area and the top 22% for assessed value — suggesting strong value relative to the broader Winnipeg market. Its assessed value of $485k is notably below the Whyte Ridge neighbourhood average of $529.6k, which hints at an interesting dynamic: the home offers above-average space and land for below-average local pricing.
The appeal lies in the gap between citywide and neighbourhood metrics. A buyer gets a home that outperforms most of Winnipeg in size and value per square foot, while landing in a neighbourhood where prices skew higher overall. The land area (6,332 sqft) is above average for both the neighbourhood (top 29%) and the city (top 25%), providing more outdoor space than many comparable listings in Whyte Ridge. The 1986 build year, however, places it among the older homes in this area (bottom 6% neighbourhood-wide), meaning the structure may require more attention than newer builds nearby.
This property would suit a buyer who wants a solidly sized home on a good-sized lot in a desirable neighbourhood, without paying a premium for the newest construction or the highest street-level finishes. It’s a better fit for someone comfortable with an established home who sees the lower assessed value as opportunity rather than limitation — a value-minded buyer, a younger family looking to get into Whyte Ridge, or an investor who can work with older construction to build equity.
FAQs
1. How does the home’s assessed value compare to what I might actually pay?
Assessed value ($485k) is a benchmark, not a price tag. It suggests the home is under-assessed relative to both the neighbourhood average ($529.6k) and citywide averages for comparable homes. In a competitive market, the sale price may rise above assessed value, but this gap still signals potential for appraisal fairness and possibly lower property taxes relative to similarly priced neighbours.
2. Why is the year built listed as both “above average” and “below average”?
Citywide, a 1986 build is newer than the average Winnipeg home (top 27%). But within Whyte Ridge, where most homes were built around 1994, this property ranks in the bottom 6% for age. So it’s older than most of its immediate neighbours, yet not old by city standards. This is common in established suburbs that saw a building boom later than some older city neighbourhoods.
3. What kind of maintenance or upgrades should I expect from a 1986 home?
Typical 1980s-era concerns include: original roofing (likely nearing replacement), original windows (single-pane or early double-pane), older HVAC systems, and potential for outdated electrical or plumbing. No specific issues are flagged here, but a home inspection should focus on these systems. The positive trade-off is that 1986 construction often used higher-grade framing and materials than some 1990s production builds.
4. Is the land area a selling point for development or expansion?
At 6,332 sqft, the lot is above average for Whyte Ridge (top 29%) and offers more space than most citywide comparables. This could mean room for a larger garden, a future addition, or simply more privacy. However, zoning and setback rules apply — this is not an oversized lot by suburban standards, so check local bylaws before assuming you can subdivide or build a secondary suite.
5. How does this property compare to others currently listed in Whyte Ridge?
That depends on current inventory. This home’s assessed value is about 8% below the neighbourhood average, while its living area and land size are slightly above the street average. In a rising market, that could make it a relatively affordable entry into Whyte Ridge. If you’re considering a similar-priced home in the area, compare not just square footage but also lot size and year built — those two factors are where this property stands out most from its neighbours.