2 Ivy Lea Court – Property Summary
Key Characteristics & Buyer Fit
This is a 1,566 sqft home built in 2000 on a 5,052 sqft lot, located in Winnipeg’s Whyte Ridge neighbourhood. Its assessed value is $493,000.
What stands out here is the imbalance between the house itself and the land it sits on. The living area is notably smaller than most homes on the same street, which tend to average nearly 1,945 sqft. But the property holds its own city-wide: it ranks in the top 27% for living area and top 21% for assessed value across Winnipeg. In other words, you’re getting a home that feels compact by local street standards but is still above average compared to the broader market.
The lot is on the smaller side relative to the street and neighbourhood, ranking in the bottom third. This matters less if you’re not looking for a large yard, but it’s worth noting if outdoor space is a priority. The year built (2000) is newer than most homes in the area and city-wide, which may appeal to buyers wanting a more modern build without paying a premium for brand-new construction.
Who this suits: Buyers who want a well-located, newer home that’s modest in size but above average in value relative to the city. It’s less ideal for someone seeking a large lot or a house that matches the scale of its immediate neighbours. It could work well for downsizers, first-time buyers, or anyone who values a newer build and city-wide value over street-level prestige.
Frequently Asked Questions
1. How does this home compare to others on Ivy Lea Court?
It’s smaller in living area and has a lower assessed value than most homes on the street. It ranks 12th out of 13 for both metrics. The lot is also on the smaller side, ranking 10th out of 13.
2. Is this property good value city-wide?
Yes. The assessed value ranks in the top 21% across Winnipeg, and the living area ranks in the top 27%. Both are significantly above the city-wide averages for comparable homes.
3. How old is the home, and is that a good thing?
Built in 2000, it’s newer than most homes in Whyte Ridge and the city overall. That means you’re likely dealing with more modern construction, fewer immediate major system updates, and better energy standards than a home from the 1960s or 1970s.
4. Is the lot size a concern?
It depends on your needs. The lot is below average for the street and neighbourhood, but city-wide it’s right around the median for comparable homes. If you want a large yard or room for additions, you may find the lot limiting.
5. Where can I see how this property compares to nearby homes in more detail?
There’s a neighbourhood analysis page available that maps the property next to nearby houses, with comparisons for living area, year built, assessed value, and lot size.