124 Invermere Street, Whyte Ridge
This is a clean, updated property in a well-regarded Winnipeg neighbourhood. It offers a larger-than-average lot and newer construction relative to the city, but at a price point that sits below the local average.
Key Characteristics & Buyer Profile
This property is a 1994-built home with 1,466 square feet of living space on a 5,810-square-foot lot. The data shows a clear pattern: the home is positioned well on its street for land size (top 19%) and year built (top 29%), but its assessed value is notably lower than both its street and neighbourhood averages.
The appeal here is simple: you get a newer home on a generous lot, but without paying the premium that many other homes in Whyte Ridge command. The assessed value sits at roughly $454k, which is below the street average of $494k and the neighbourhood average of $530k. This suggests the property may be a more accessible entry point into the area, or it may represent an opportunity to add value over time.
Living area is slightly below the neighbourhood average (1,466 sqft vs. 1,666 sqft), but the larger lot provides outdoor space that many newer builds in the city lack. Citywide, the home ranks in the top 32% for living area and top 28% for assessed value, so it is not a small property by Winnipeg standards—just slightly more modest than its immediate neighbours.
Who this would suit: This is a practical choice for a buyer who wants a home from the mid-90s or later, values yard space, and is comfortable being on a street where some neighbours have larger or more expensive homes. It may also appeal to an investor or homeowner looking for a property with a lower-than-average local price point, where the lot itself is a standout feature. It is less suited for someone who needs maximum interior square footage or wants a home that immediately matches the top end of the neighbourhood.
Frequently Asked Questions
1. How does the assessed value compare to similar homes in Whyte Ridge?
The home is assessed below the neighbourhood average of $529,600, ranking in the bottom 7% locally. However, it sits above the citywide average of $390,100, so the value reflects a premium for the area, just not as high as many nearby homes.
2. Is the lot size notably bigger than what is typical for this area?
Yes. The lot is 5,810 sqft, ranking in the top 19% on Invermere Street itself. It is slightly smaller than the Whyte Ridge average (6,175 sqft), but larger than the citywide average (6,570 sqft should be read carefully; the lot is below that figure but still ranks in the top 36% citywide, meaning many city lots are much smaller).
3. What year was the home built, and how does that compare?
Built in 1994, which places it in the top 20% citywide (the average Winnipeg home is from 1966). Within Whyte Ridge, it is roughly average, with the neighbourhood average also being 1994.
4. Does the living area feel small compared to other homes on the street?
The living area (1,466 sqft) is slightly below the street average of 1,521 sqft, but only by about 55 square feet. It ranks in the middle of the street (top 61%). It is not significantly smaller, but it is not the largest home on the block.
5. How useful are these rankings for making an offer?
They give context, not a price. The assessed value is not the same as market value, but it is a benchmark. The rankings help you see where the property sits within its immediate competition. If you value a large lot and a newer build, this home ranks well on both. If you are comparing it to homes of similar size on smaller lots, the value may be stronger than the raw assessment suggests.