132 Vanderbilt Drive – Property Summary
Key Characteristics & Buyer Profile
This home stands out for its size, value, and land in the context of both the immediate street and the wider city. The living area is 2,196 square feet—above average on Vanderbilt Drive (top 36%), but notably stronger when compared to the Whyte Ridge neighbourhood (top 9%) and citywide (top 7%). The assessed value of $966,000 places it among the top 1% in the neighbourhood and across Winnipeg, reflecting a property that commands a premium. The land parcel is 9,830 square feet, ranking top 6% in the area and citywide, which gives it uncommon outdoor space relative to nearby homes. Built in 1998, it is newer than most homes in Whyte Ridge and significantly newer than the city average (1966).
The appeal here is two-fold. First, the property offers substantial square footage and lot size without being an outlier on its street—it fits the neighbourhood character while outperforming most comparable homes. Second, the assessed value suggests a high level of finish, location, or both, which may translate into long-term stability. This home would suit buyers who prioritize space (both indoor and outdoor) and want a property that ranks well above average in multiple categories without venturing into a completely different price tier than the street. It would also appeal to someone who values a newer build in an established neighbourhood, or who is sensitive to how a property compares to others when resale comes up.
Frequently Asked Questions
1. How does this property compare to others on Vanderbilt Drive?
On the street, this home ranks 5th out of 77 for assessed value (top 6%) and 12th for land area (top 16%). It is slightly above average for living area and year built. In short, it is one of the more valuable and spacious homes on the block, but not dramatically out of step with the street's overall character.
2. Is the assessed value a reliable indicator of market price?
Assessed value is a government estimate for tax purposes, not a current market appraisal. That said, ranking in the top 1% citywide and in the neighbourhood suggests the property is in an upper tier relative to comparable homes. Buyers should still verify with recent sales data and a professional appraisal.
3. How does the lot size affect usability or maintenance?
At 9,830 square feet, the land area is roughly 25% larger than the street average. This typically means more yard space for gardens, play areas, or potential future additions, but also more upkeep (lawn care, snow clearing, landscaping). It ranks top 6% locally and citywide, which is unusual for an in-fill neighbourhood.
4. What does the year built (1998) tell me about the home's condition?
A 1998 build is recent enough to have modern construction standards (insulation, wiring, plumbing) but old enough that major systems (roof, furnace, windows) may be approaching replacement age. It ranks newer than the neighbourhood average (1994) and far newer than the city average (1966), so it avoids many of the issues common in older Winnipeg homes, but a home inspection is still recommended.
5. How can I see how this property compares to nearby homes on a map?
The neighbourhood analysis page provides a side-by-side map view of nearby houses, allowing you to compare year built, living area, assessed value, and lot size in detail. You can access it through the link provided in the property detail page.