111 Royal Oak Drive – Property Summary
Key Characteristics & Buyer Profile
This 1,230 sqft home on Royal Oak Drive in Whyte Ridge was built in 1994 and sits on a 5,512 sqft lot. Its assessed value is $457,000. The property performs differently depending on how you compare it. On its own street, it’s fairly average in size and value. Within the Whyte Ridge neighbourhood, however, it’s notably smaller and lower in assessed value—ranking near the bottom. City-wide, it sits slightly above average in value and is newer than much of Winnipeg’s housing stock (many homes date to the 1960s). The lot is slightly larger than others on the street but average for the city and neighbourhood.
The appeal here is subtle. This isn’t a standout home in terms of size or luxury, but it offers solid relative value: a newer build on a decent lot, in a neighbourhood where many comparable homes are assessed higher. It would suit a buyer who wants a well-located, mid-1990s home without paying a premium for the neighbourhood’s larger or more updated properties. It may also appeal to someone looking for a more affordable entry point into Whyte Ridge, particularly if they’re willing to invest in updates over time.
Five Possible FAQs
1. How does the size of this home compare to others nearby?
On Royal Oak Drive, it’s average—about 1,230 sqft, close to the street average of 1,257 sqft. In the broader Whyte Ridge neighbourhood, it’s smaller than most, where the average is around 1,666 sqft. City-wide, it’s slightly below average but not by much.
2. Is the assessed value high or low for the area?
It’s assessed at $457,000, which is close to the street average ($461,000). In Whyte Ridge as a whole, that’s low—the neighbourhood average is $530,000. Across Winnipeg, it’s above average (city average is $390,000). You’re paying less than most homes in the community, but more than what’s typical city-wide.
3. What’s the lot like?
The lot is 5,512 sqft—slightly larger than others on Royal Oak Drive (average 5,374 sqft). In Whyte Ridge and across Winnipeg, it’s about average. Not a huge yard, but a comfortable size for a single-family home in this area.
4. How old is the house, and does that matter?
Built in 1994, it’s typical for the street and neighbourhood. City-wide, it’s newer than about 80% of homes (the average Winnipeg home was built in 1966). That means fewer major systems may need immediate replacement compared to an older home, though it’s not new enough to command a premium.
5. Who is this house best suited for?
It’s a good fit for someone who wants to live in Whyte Ridge without paying for the largest or most recently updated homes in the area. Also for buyers who value a newer build relative to the rest of Winnipeg, or who prefer a lot that’s slightly bigger than what’s typical on this street. It’s less suited for anyone looking for a spacious home or a standout property within the neighbourhood.