223 Fleetwood Road – Property Summary
Key Characteristics & Buyer Profile
This is a 2001-built home with 1,524 sqft of living space on a 4,184 sqft lot in Whyte Ridge, Winnipeg. Its strongest feature is the construction year—it’s one of the newest homes on Fleetwood Road (top 6%) and significantly newer than the city average (1966). That gives it modern building standards, likely better insulation, windows, and mechanicals than most homes in the area.
What stands out less obviously is the disconnect between size and value. The house is smaller than average on its street and in its neighbourhood, yet its assessed value is below both the street and community averages. That could point to a property that’s priced more for its location and build quality than for square footage—potentially a good fit for buyers who want a newer home without paying a premium for extra rooms or a large yard.
The lot is on the smaller side (bottom 6% on the street, bottom 3% in the community), which may appeal to people who prefer less yard maintenance or who plan to use nearby parks and amenities rather than rely on private outdoor space. Living area is slightly above the city average but below the neighbourhood norm, so it’s a middle-ground option for someone who doesn’t need a sprawling floor plan but doesn’t want a cramped one either.
This property would suit: buyers looking for a relatively new, low-maintenance house in a established suburban neighbourhood; people who value modern construction over lot size or interior square footage; or those who see potential in a home that’s under-assessed relative to its street peers.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The property is assessed at $462,000, which is below both the Fleetwood Road average ($523,000) and the Whyte Ridge average ($530,000). On paper, it looks like a more affordable option within the immediate area.
2. Is this home considered small for the neighbourhood?
Yes, relative to its street and community. It’s 1,524 sqft versus the street average of 1,718 sqft and the neighbourhood average of 1,666 sqft. Nationally, it’s above average (city-wide is 1,342 sqft), so it’s not small by Winnipeg standards—just smaller than its local peers.
3. What’s the land like; is there much outdoor space?
The lot is 4,184 sqft, which is smaller than most in Whyte Ridge and on Fleetwood Road—well below both averages. If you’re looking for a large yard or garden space, this probably isn’t it. But for minimal upkeep or if you prefer shared green spaces nearby, it’s a reasonable trade-off.
4. Why is the build year highlighted as a strength if the house is already over 20 years old?
Because most homes in the area are older. On Fleetwood Road, the average build year is 1995; in Whyte Ridge, 1994; city-wide, 1966. A 2001 home is newer than roughly 85% of properties in the neighbourhood, meaning it likely has more modern systems (HVAC, windows, foundation work) and fewer major updates needed soon.
5. Could this property be a good investment or is it overpriced?
The assessment is below the street and community averages, and the living area is above the city average—those two things don’t often line up. That might suggest the market hasn’t fully factored in the newer construction or that there’s room for appreciation if the home is well-maintained. However, the small lot and smaller floor plan could limit resale appeal for buyers who prioritize space.