111 Portwood Road – Property Summary
Key Characteristics & Ideal Buyer Profile
This 1,516 sqft home, built in 1994, sits on a 5,414 sqft lot in Whyte Ridge. Its standout feature is its age: it ranks among the newest homes on its street (top 12%) and is well above the citywide median build year of 1966. The assessed value of $502,000 is strong citywide (top 19%), though it sits slightly below the local street and neighborhood averages—meaning you’re getting a home that performs well relative to the broader market, without paying a premium versus nearby homes.
The appeal lies in balance. This isn’t the biggest house on the block (living area is below the street average) and the lot is modest for the area, but the combination of a newer build, solid citywide value, and a location in an established neighborhood makes it practical for someone who wants a move-in-ready home without overpaying for maximum square footage. It’s a good fit for a buyer who prioritizes modern systems and finishes over raw size, or someone who sees long-term value in a house that holds its own citywide while being slightly understated locally. This property would not suit someone seeking a standout lot or the largest floor plan on the street.
Frequently Asked Questions
1. How does this home compare to others on Portwood Road specifically?
On its street, this home ranks near the bottom for living area (42 out of 43) and slightly below average in assessed value (34 out of 43), but it is one of the newest homes—ranked 5th. So while it’s smaller, it’s also newer than most neighbors, which often means less immediate maintenance.
2. Why is the assessed value below the street average but above the citywide average?
Homes on Portwood Road tend to have larger living and land areas (averaging 1,794 sqft and 6,401 sqft lot), so their assessed values are naturally higher. Citywide, the average comparable home is older and smaller (1,342 sqft), so this home’s newer build and decent size push it into the top 19% for value across Winnipeg.
3. How does the land size affect usability?
At 5,414 sqft, the lot is smaller than the street average (6,401 sqft) and slightly below the citywide average (6,570 sqft). This is typical for a newer infill or a home built in the mid-90s within an established subdivision. You get a manageable yard, but not the spacious lot some older homes in Whyte Ridge offer.
4. What does “Around Average” or “Below Average” actually mean for resale?
These rankings compare this house against similar homes within each scope. Being “below average” on the street doesn’t mean it’s undesirable—it often means there are a few standout properties pulling the average up. For resale, a house that is newer and reasonably priced (relative to its street) can appeal to buyers who don’t want to pay for extra space they won’t use.
5. Is this a good option for a first-time buyer or a family downsizing?
It could work for both, for different reasons. First-time buyers may appreciate the newer construction and manageable size in a family-oriented neighborhood. Downsizers might like that it’s smaller than many street neighbors, reducing upkeep, while still being in a familiar suburban setting. It’s less ideal for someone who needs a large lot or extra bedrooms.