2 Invermere Street

2 Invermere Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1987-built home in Whyte Ridge, Winnipeg, with 1,523 sqft of living space on a notably large 7,267 sqft lot. The house itself is slightly smaller than the neighborhood average, but the land is what stands out: it ranks in the top 8% on the street for lot size and top 15% citywide. That means more outdoor space than most comparable homes in the area, which is increasingly rare in an established neighbourhood like Whyte Ridge.

The assessed value is $523,000—above the street average and in the top 16% across Winnipeg. However, it’s close to the neighborhood average, suggesting the premium here is driven more by the land than the house itself. The home is older than many on the street (built 1987 vs. an average of 1993), which could mean original finishes or systems, but also a more established lot with mature trees and landscaping.

Appeal: This property will likely appeal to buyers who prioritize outdoor space and a sought-after location over a newer or turn-key interior. It suits someone willing to invest in updates or renovations to align the house with the land’s potential. Families or gardeners who value a large yard in a central Winnipeg suburb may find it especially attractive. It’s less suited to someone looking for a move-in-ready, low-maintenance newer build.

Five Frequently Asked Questions

1. How does the assessed value compare to what I might actually pay?
Assessed value ($523k) is a baseline, not a price tag. It’s above the street average but near the neighborhood average. Given the large lot and strong citywide ranking, the final sale price could exceed assessment if demand is high—but it also depends on the home’s interior condition, which isn’t reflected in these stats.

2. Is the smaller living area a concern compared to the neighborhood?
The living area (1,523 sqft) is slightly below the Whyte Ridge average of 1,666 sqft, but still above the citywide average. It’s typical for homes of this era in the area. The trade-off is the larger lot—you get more outdoor flexibility, but less indoor square footage. If you need a bigger house, this may feel tight; if you value yard space, it’s a fair balance.

3. What does “year built: below average” mean practically?
It means the home is older than most others on the street and in the neighbourhood. Built in 1987, it’s roughly 7 years older than the street average. This likely means original windows, roof, or mechanicals may be nearing end-of-life. However, it also places the home in a well-established section of Whyte Ridge, with mature landscaping and no new-development unknowns.

4. Is Whyte Ridge a good investment area?
Whyte Ridge consistently ranks as a stable, family-oriented south-end Winnipeg neighbourhood. The assessed values here are above citywide averages, and land is the primary driver of long-term appreciation. A larger-than-average lot in this area—like this one—tends to hold value well, even if the house itself is dated.

5. Should I order a neighbourhood map analysis?
If you’re serious about this property, yes. The data on its own is useful, but a map view lets you compare specific lot sizes, year built, and assessed values of neighbouring homes. It helps answer the real question: “Is this property overpriced for its immediate block, or is it genuinely one of the better lots?” The map is free and available on the site.