130 Georgetown Drive | Whyte Ridge, Winnipeg
Property Overview
This 1,687 sqft home, built in 2002, sits on a 5,611 sqft lot in Winnipeg’s Whyte Ridge neighbourhood. Its key characteristic is a strong mismatch between size and value. The living area and assessed value are both well above the citywide average—ranking in the top 21% citywide for each—but they fall below the averages on Georgetown Drive itself, where many homes are larger and more expensive. The house is newer than most of its neighbours: it ranks third on the street for year built, and within the top 10% of the neighbourhood. The lot, however, is smaller than typical for this street.
The appeal is clear for a buyer who values a newer, well-built home in an established area, but who doesn’t need the largest house or the biggest yard on the block. It’s a relatively efficient footprint—citywide, the average comparable home is 1,342 sqft—so this property offers more interior space than most homes in Winnipeg, without the premium attached to the largest homes on Georgetown Drive. This creates a sense of being “above average where it counts, modest where it matters less.”
This property suits buyers who want a newer home in a solid neighbourhood with good citywide value, and who are comfortable owning a home that isn’t the standout on its street. It may also appeal to buyers who prioritize indoor space over lot size, or who see potential in a well-maintained home that hasn’t been “priced up” to match the street’s most expensive properties.
Frequently Asked Questions
1. How does this home compare to others on Georgetown Drive?
On its street, this home is smaller and assessed lower than most. Georgetown Drive has an average living area of 2,245 sqft and an average assessed value of $726k, so this property sits below those benchmarks. However, it is one of the newest homes on the street (finished in 2002, vs. an average year built of 2000), which may offset some of the size difference depending on a buyer’s priorities.
2. Is the lot size a concern?
The lot is 5,611 sqft, which is below the street average of 7,694 sqft but right around the neighbourhood average of 6,175 sqft. Comparable citywide, the average lot is 6,570 sqft. So the lot is smaller for Georgetown Drive, but not unusually small for Whyte Ridge or Winnipeg as a whole. For buyers who don’t need a large yard, this is unlikely to be a dealbreaker.
3. Is the assessed value fair relative to the neighbourhood?
The home’s assessed value of $491k is lower than the neighbourhood average of $529.6k (ranked in the top 67%), but well above the citywide average of $390.1k (top 21%). Given that the home is newer than the neighbourhood average and the living area is slightly above the neighbourhood average (1,687 sqft vs. 1,666 sqft), the assessment appears to reflect the smaller lot size and the fact that the home isn’t oversized relative to its street peers. It may be priced competitively for a buyer seeking a newer home in a good area without paying a premium for the largest lot or square footage.
4. What’s the neighbourhood like?
Whyte Ridge is an established Winnipeg suburb with a mix of housing from the late 1990s and early 2000s. The neighbourhood average year built is 1994, so this home (2002) is on the newer side. The area offers typical suburban amenities and is known for being family-oriented. The home’s citywide rankings—top 21% for living area, top 21% for assessed value, and top 17% for year built—suggest it’s a strong performer relative to the broader market.
5. Should I consider a home with a smaller lot if I want a bigger garden or outdoor space?
If outdoor space is a priority, this lot may feel constrained compared to some other homes on the same street. However, it is much more aligned with the neighbourhood average, and the smaller yard may mean less maintenance. Buyers who value interior space and a newer build over a large yard will find this property appealing. The key is to check whether the yard layout works for your needs—a smaller lot doesn’t always feel small if it’s well-designed.