This 1,622 sqft home, built in 1988, sits on a 6,913 sqft lot in Winnipeg’s Whyte Ridge neighborhood. Its main draw is the land. The lot is larger than average for the street, the community, and the city, ranking in the top 27% on the street and top 18% citywide. The living space tells a different story: it’s smaller than the street average (1,901 sqft) but close to the community average, while still sitting above the citywide median. The home is older than others in the immediate area (built 1988 vs. a community average of 1994), but it's newer than much of Winnipeg’s housing stock.
The assessed value of $524,000 is in line with the street and community averages, though it sits well above the citywide average of $390,000. This suggests the property’s value is driven by its lot size and location within a stable, established area rather than by square footage or a recent build.
This property would suit a buyer who values outdoor space over interior square footage and is willing to update or customize a home from the late 1980s. It's a strong fit for someone looking for a larger yard in a mature neighborhood without paying a premium for a newer or bigger house. The home offers a solid foundation for renovation, particularly if the buyer wants to expand the living area or modernize the existing layout.
-
How does the lot size compare to other homes in Whyte Ridge?
The lot is 6,913 sqft, which is larger than the community average of 6,175 sqft. It ranks in the top 21% within Whyte Ridge, making it one of the bigger lots in the area.
-
The home was built in 1988. What does that mean for maintenance or updates?
It's older than the average home in Whyte Ridge (1994) but newer than the citywide average (1966). You should budget for typical updates associated with a home of this age, such as windows, roofing, or mechanical systems, depending on what the current owners have already done.
-
Is the living space small for the area?
Inside the house, it’s 1,622 sqft. That's below average for the street (1,901 sqft) but right around average for Whyte Ridge as a whole (1,666 sqft). It's not a cramped house, but it's smaller than many of its immediate neighbors.
-
Why is the assessed value higher than the city average but similar to the street average?
The assessment reflects the land value. The large lot and the desirable location in Whyte Ridge push the value above typical city prices, even though the house itself is modest compared to others on the same street.
-
Is this a good candidate for an addition or renovation?
Potentially, yes. The combination of a larger lot with a house that is smaller than the street average suggests there may be room to expand. However, any serious plans would depend on zoning rules, setback requirements, and the home’s existing structure. A local contractor or architect could give a clearer picture.