20 Portwood Road – Property Summary
Key Characteristics & Buyer Profile
This 1,761 sqft home in Whyte Ridge was built in 1991 and sits on a 5,762 sqft lot. The property’s strongest asset is its size: it ranks in the top 19% city-wide for living area, well above Winnipeg’s average of 1,342 sqft. Its assessed value of $515,000 also sits above the city median, reflecting the larger-than-average footprint. The lot itself is slightly smaller than typical for the street and neighbourhood, but still falls within a reasonable range—roughly mid-pack among local homes.
On the street and in the neighbourhood, the house is fairly average in both size and value. It’s not the standout on Portwood Road, but it isn’t lagging either. The 1991 build year is slightly older than the street average (1993) and neighbourhood average (1994), though that gap is small. City-wide, it’s a newer home than most, which is typical for a suburban development like Whyte Ridge.
This property suits buyers who want more indoor space than the typical Winnipeg home offers but aren’t looking for a premium lot or a newly built house. It’s a practical fit for someone who values square footage over land size or curb-age—maybe a growing family who needs room inside but doesn’t need a big yard. It could also appeal to downsizers moving from a larger home who still want generous living space without the maintenance of a oversized lot. Investors or first-time buyers would likely find the assessed value reasonable for the size, though the neighbourhood positioning means there’s less immediate upside from being under-valued.
Frequently Asked Questions
1. How does this property compare to others on the same street?
It’s close to the street average for living area and assessed value, ranking in the middle of the pack. The lot is slightly smaller than typical for Portwood Road, and the year built is a couple of years older than the street median (1993 vs. 1991).
2. Is this considered a large home for Winnipeg?
Yes. At 1,761 sqft, it’s in the top 19% city-wide, well above the typical comparable home in Winnipeg (1,342 sqft). It’s also larger than the average in Whyte Ridge (1,666 sqft), though not dramatically so.
3. How does the assessed value relate to the market?
The assessed value of $515,000 is above the city-wide average of $390,100 but sits slightly below the street average of $533,600. In the local neighbourhood, it’s right around the median. This suggests the home is priced in line with its immediate surroundings, while being a higher-value property than most in the city.
4. Why is the lot size smaller than the street average but still ranked similarly?
The street average for land area is 6,401 sqft, and the lot here is 5,762 sqft. That’s a gap of about 10%, but because lot sizes on Portwood Road vary, the property still ranks in the top 44% on the street and in the neighbourhood. City-wide, it’s in the top 38%—so it’s not a small lot, just an average one for the area.
5. Would this home appeal to someone looking for a newer build?
Not particularly. At 1991, it’s older than the street and neighbourhood averages, though city-wide it’s newer than most (top 22%). A buyer focused on a newer home would likely look elsewhere in Whyte Ridge or in newer subdivisions. However, for someone comfortable with a 30-year-old home that has likely seen updates, the size and location are strong selling points.