15 Monticello Road

15 Monticello Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1,893-square-foot home built in 1991, on a 5,280-square-foot lot in Winnipeg’s Whyte Ridge neighbourhood. Its main strength is living space. The home ranks in the top 13% on its street and top 14% city-wide for size, meaning it offers noticeably more interior room than most comparable houses. The assessed value of $504,000 sits right around the street and neighbourhood averages, but well above the citywide median—so buyers get above-average square footage without paying a premium for the street or area. The land is standard for the neighbourhood; it’s not oversized. The year built places it among the newer homes on Monticello Road (top 9%), though it’s roughly average for Whyte Ridge.

The appeal is straightforward: a spacious, solidly built home in a mature Winnipeg suburb, without a price markup tied to lot size or “hot” street status. It’s a practical choice for buyers who prioritize indoor living area—families needing room to spread out, or anyone who spends more time inside than in the yard. The house is not a fixer-upper or a character home; it’s mid-90s construction, so systems and finishes are likely entering the replacement zone (roof, windows, mechanicals). The kind of buyer this suits is someone who wants established neighbourhood amenities and a house that’s ready to move into, but isn’t looking for a trophy property or a renovation project.

Five Frequently Asked Questions

1. How does this home compare to others in Whyte Ridge?
The living area is above average for the neighbourhood (top 25%), but the assessed value and lot size are both around the middle. So you’re getting more house for roughly the median price. It’s a good value if square footage matters more to you than having the biggest yard.

2. What condition should I expect from a 1991 home?
At over 30 years old, major components like the roof, furnace, and windows may be original or nearing end-of-life. You’ll want a home inspection focused on age-typical issues. That said, being built in the early 90s means it likely has modern wiring, insulation, and framing—less to worry about than a 1960s house.

3. Is the lot considered small for the area?
Slightly below average. The neighbourhood median is about 6,175 square feet, and this lot is 5,280. It’s not unusually small—it ranks in the middle third—but if you want a deep backyard or room for a large garage, you’d want to check the site in person.

4. Why is the assessed value only around average on the street?
Even though the living area is larger than most neighbours’, assessed value factors in other variables like recent sales, lot size, condition, and finishing. The home likely doesn’t have premium upgrades or a layout that pushes value higher relative to the street. That can work in a buyer’s favour if you’re looking for space that’s not overpriced.

5. What type of buyer typically looks at this home?
Often, it’s families moving up from a smaller starter home, or buyers relocating to Winnipeg who want a reliable, mid-sized house without paying for a “luxury” address. It could also suit someone downsizing from a larger property who still wants decent indoor space but doesn’t want yard maintenance.