15 Setterington Bay – Property Summary
Key Characteristics & Appeal
This 2004-built home offers 1,698 square feet of living space on a 4,396-square-foot lot in Whyte Ridge. It ranks among the newer homes on the street—third newest out of 36—and sits well above citywide averages for both living area and assessed value. The assessed value of $540,000 places it in the top 14% citywide, suggesting above-average build quality, finishes, or location within the neighbourhood.
The appeal lies in its balance: it’s not the largest or most valuable property on the street, but it significantly outranks comparable homes across Winnipeg as a whole. The land area is smaller than typical for Whyte Ridge—ranking in the bottom 11% locally—so the property suits buyers who prioritize a newer, well-finished interior over a large yard. This is a home for someone who wants a relatively modern build in an established suburb without paying a premium for extra lot space they may not need.
It would suit buyers moving up from a starter home, families looking for a turnkey property in a good school catchment, or anyone downsizing from a larger lot who still wants ample indoor space. Investors or buyers who value strong resale potential may also be drawn to the above-average citywide rank for both living area and assessed value.
Frequently Asked Questions
1. How does this home compare to others on Setterington Bay?
It’s slightly smaller in living area (1,698 sqft vs. the street average of 1,874 sqft) and has a notably smaller lot (4,396 sqft vs. 5,436 sqft on average). However, it’s among the newest on the street, tied with the street average year built of 2004. Its assessed value is close to the street average, ranking 24th out of 36.
2. Is this a good value for Whyte Ridge?
Yes, in terms of assessed value per square foot. The home ranks in the top 30% of comparable homes across Whyte Ridge for value, while its living area is only in the top 43%. This suggests the market places a premium on its newer construction or condition relative to the size.
3. Why is the lot size so much smaller than the neighbourhood average?
This is typical of newer infill builds or homes on narrower lots within the subdivision. The 4,396 sqft lot is below both the street and neighbourhood average, but it’s consistent with many homes built in the early 2000s that prioritize indoor square footage over outdoor space.
4. What does the “citywide top 21% for living area” mean?
It means that among nearly 200,000 comparable properties in Winnipeg, this home has a larger living area than approximately 79% of them. It’s a strong indicator that the home offers more space than most similar properties across the city.
5. How reliable are the ranking and assessed value data?
The data comes from municipal property assessments and comparables within the same street, neighbourhood, and city. Rankings are based on comparable homes—those with similar characteristics—so they’re useful for relative positioning. The assessed value is for tax purposes and may differ from market price, but the high citywide rank does indicate above-average value relative to the broader market.