120 Apple Hill Road – Property Summary
Key Characteristics & Buyer Suitability
This is a 1,899-square-foot home built in 1987, sitting on a 5,144-square-foot lot in Whyte Ridge, Winnipeg. Its standout feature is living space: the home is well above average for its street (top 10%), neighbourhood (top 25%), and the city as a whole (top 14%). The assessed value of $483,000 is roughly average for the street, but below the neighbourhood average—meaning you get more interior square footage than most nearby homes for a comparable or slightly lower price point. The land, however, is on the smaller side for the street and neighbourhood, which is typical of older infill-style lots or tighter subdivisions.
The appeal here is pragmatic: you’re getting a relatively spacious home in a solid mid-80s build, without paying a premium for land you may not need. It’s not a fixer-upper (the year built is on par with the street) and not a showpiece lot. This suits buyers who prioritize indoor living space—growing families, home office users, or anyone wanting room to spread out—over a large yard. It also works for those who want an established neighbourhood (Whyte Ridge is mature) without the higher assessed values of newer or more renovated homes nearby. Investors or first-time buyers looking for value per square foot may find it interesting, but the smaller lot may be a limitation for anyone wanting outdoor space or expansion options.
Five Possible FAQs
1. How does the assessed value compare to similar homes in Whyte Ridge?
The home is assessed at $483,000, which is about 9% below the neighbourhood average of $529,600. While it ranks in the top 23% citywide for value, it’s in the bottom third of its street and neighbourhood. That gap is largely explained by the smaller lot size and older build relative to newer infills in the area.
2. Is the living area really that much bigger than average?
Yes. At 1,899 square feet, it’s about 24% larger than the average home on Apple Hill Road (1,531 sqft) and 42% larger than the citywide average for comparable homes (1,342 sqft). The rankings put it in the top 10% on the street and top 14% citywide.
3. Why is the lot smaller than typical for the area?
The lot is 5,144 square feet, compared to the street average of 6,237 sqft and neighbourhood average of 6,175 sqft. This likely reflects the original subdivision layout in 1987—some lots were intentionally made smaller to allow for more units or to keep home prices accessible. It’s not unusual in this part of Whyte Ridge.
4. How does this home hold up to newer builds in the neighbourhood?
It’s older than the neighbourhood average (1987 vs. 1994), but newer than the citywide average (1966). The ranking on the street itself is solid—top 20% for year built. If you’re comparing to recent infill homes in Whyte Ridge, this one will feel dated in finishes, but the bones and space are competitive for the price.
5. Does the smaller land affect resale value?
It can, but it depends on the buyer pool. Families or gardeners often want larger yards, so the home might take longer to sell in a slow market. On the other hand, lower land cost means a lower entry price for a larger home—which appeals to buyers who care more about square footage than outdoor space. In a neighbourhood like Whyte Ridge where lot sizes vary widely, this isn’t a dealbreaker, just a trade-off.