162 Vineland Crescent – Property Summary
Key Characteristics & Buyer Profile
This 1999-built home in Whyte Ridge offers 1,844 square feet of living space on a 5,127-square-foot lot. Its assessed value sits at $523,000.
The property stands out most for its living area and age. It ranks in the top 23% on its street for square footage, and in the top 16% city-wide—meaning it’s noticeably more spacious than the average Winnipeg home (1,342 sqft). Built in 1999, it’s newer than roughly 82% of homes across the city, and newer than 87% of homes on the same street. The assessed value is above average city-wide (top 16%), though within the neighbourhood it’s roughly middle-of-the-pack.
The lot is slightly smaller than the neighbourhood average, ranking in the top 70% locally—so the yard isn’t oversized, but it’s typical for the area.
Where the appeal lies: This is a home that offers above-average interior space and a newer build without commanding a premium over nearby properties. The value story is less about flashy upgrades and more about getting more square footage and a newer roof, windows, and mechanicals relative to the older housing stock common in Winnipeg. It’s a solid, functional home that quietly outperforms on the metrics that matter for long-term livability.
Who it suits: Buyers who prioritize indoor living space and a relatively modern build over a large yard or a "top of the street" address. It’s a good fit for families needing room to spread out, or for someone who wants a move-in-ready home without paying a neighbourhood premium. It’s less suited to buyers seeking a large lot or a home that stands out architecturally on the street.
Five Frequently Asked Questions
1. How does this property compare to others in Whyte Ridge?
It’s around average for the neighbourhood in assessed value and lot size, but above average for living area and year built. In a subdivision where many homes were built in the mid-1990s, this one is slightly newer and slightly more spacious than most. It won’t be the most expensive house on the block, nor the cheapest.
2. Is the assessed value of $523,000 realistic for today’s market?
Assessed value is a lagging indicator (typically based on the previous year’s market), but it’s a useful benchmark. In this case, the city-wide ranking (top 16%) suggests it’s in a higher-value tier for Winnipeg. However, since the neighbourhood ranking is more moderate (top 42%), the home’s value aligns closely with its local peers. A current market appraisal would give the final picture, but the assessment doesn’t suggest an obvious red flag or a hidden bargain.
3. What’s the trade-off with the smaller-than-average lot?
A 5,127-square-foot lot is slightly below the Whyte Ridge average (6,175 sqft) and the city average (6,570 sqft). The trade-off is less outdoor maintenance and potentially a lower purchase price for the interior space you get. It’s not a small lot by any means—just not oversized. If gardening space or a large backyard for a playset is a priority, this might feel tight. If you’d rather have more finished square footage inside, it’s a reasonable compromise.
4. How does the home’s age affect ongoing costs?
Built in 1999, the home is around 25 years old. Major systems (roof, furnace, water heater) are likely due for inspection or replacement within the next 5–10 years, depending on when they were last updated. That said, 1999-era construction tends to have better insulation, wiring, and moisture management than homes from the 1960s or 1970s. You’re getting a relatively modern shell, but not brand-new mechanicals.
5. What’s the significance of the “Top 16%” city-wide rankings?
The living area and assessed value both land in the top 16% across Winnipeg. That means this home competes well against the entire city, not just its immediate neighbourhood. For a buyer cross-shopping between different areas, this suggests you’re getting a home that stacks up favourably against much pricier or older stock elsewhere. It doesn’t mean it’s a luxury property—just that it’s well above the median for the city as a whole.