111 Georgetown Drive — Property Summary
Key Characteristics & Buyer Profile
This is a large, high-value home in the Whyte Ridge neighbourhood, built in 1999. The property stands out most for its assessed value and land area. At $980,000, it ranks in the top 1% citywide and within Whyte Ridge. The lot measures 9,792 square feet, placing it in the top 7% across Winnipeg and well above the street average of 7,694 square feet. The living area is 2,274 square feet—solidly above the city average but more modest relative to its own street, where it sits near the middle (top 47%).
What gives this property its edge isn't just size, but proportion. Many homes in this price range have smaller lots or older construction. Here, the land-to-house ratio is generous, and the 1999 build year means it avoids both the charm (and headaches) of Winnipeg's older housing stock while not being new enough to carry a premium for "brand new" finishes. The appeal lies in space and privacy without being out of step with the neighbourhood's character.
This property suits buyers who value outdoor space and want a home that's already established in a sought-after area. It's a good fit for families who need room to expand or entertain, professionals relocating to Winnipeg who want a proven address, or anyone looking for a home that holds its value relative to the surrounding market. It may be less ideal for buyers seeking a turnkey modern renovation or a smaller, low-maintenance footprint.
Five Frequently Asked Questions
1. How does this property compare to others on Georgetown Drive?
It's above average in assessed value (top 18%) and lot size (top 19%), but more typical in living area and build year. In short, you're paying for land and location more than square footage.
2. Is the assessed value a reliable indicator of market price?
Assessed value is a useful benchmark, not a guarantee. This home's $980,000 assessment puts it in elite company citywide, but actual sale prices depend on condition, upgrades, and buyer demand. It's best used as a starting point for comparison.
3. What's the neighbourhood like in terms of age and character?
Whyte Ridge is a well-established area with a mix of homes built mostly between the early 1990s and early 2000s. This home's 1999 construction fits comfortably within that range, meaning you're not the newest or oldest on the block.
4. How does the lot size affect usability?
A 9,792 sqft lot is large by any standard, especially for an infill area. It offers room for gardens, a playset, or future expansion, but it also requires more upkeep. For buyers coming from a smaller lot, the maintenance trade-off is worth noting.
5. What should I look for when viewing this home?
Given its age, pay attention to the roof, windows, and mechanicals—these are the systems that typically need updating in a 25-year-old home. Also note how the interior layout uses the 2,274 sqft; some homes of this era have formal living and dining rooms that may feel dated.