295 Columbia Drive – Property Summary
Key Characteristics & Buyer Profile
This is a 1,171 sqft home built in 1988 on a 5,878 sqft lot in Whyte Ridge, Winnipeg. Its assessed value is $474,000.
What stands out is the contrast between its local and citywide positioning. On Columbia Drive and within Whyte Ridge, the home is smaller and assessed lower than average. But when compared across all of Winnipeg, it's above average in value (top 24%) and newer than typical city stock (top 24%). The lot size is fairly average at every level.
The appeal here is practical: you get a home that's more affordable than the neighborhood norm, on a standard-size lot, built in a stable era. It's not the biggest or newest on the street, but it avoids being an outlier in ways that could hurt resale. Buyers who value a reasonable entry point into a well-established area—without paying a premium for square footage they don't need—would find this worth a look. It would also suit someone who sees room to add value through updates or a modest addition, given the land footprint is workable.
Frequently Asked Questions
1. How does the living area compare to other homes in Whyte Ridge?
It's below the neighborhood average of 1,666 sqft, ranking in the bottom 3% of the area. This makes it one of the smaller homes in Whyte Ridge.
2. Is the assessed value reasonable for what this home offers?
Relative to the street and neighborhood, the value is below average. But citywide, it beats 76% of comparable homes. That suggests the local market prices this home modestly, while the broader market sees it as solidly above median.
3. Why is the year built considered "below average" in Whyte Ridge if it was built in 1988?
Many homes in Whyte Ridge were built in the 1990s, particularly 1994 on average. While 1988 is above average citywide, it's older than most surrounding houses by about six years.
4. Could the lot size support an addition or renovation?
The lot is 5,878 sqft—close to the neighborhood average and citywide average. It's not oversized, but it's not restrictive. A modest renovation or small addition would be feasible, depending on zoning and setbacks.
5. How does this home rank overall as a purchase in Winnipeg?
It's a balanced option for someone who wants to be in Whyte Ridge without paying for the area's typical size or newer build. The value sits above average citywide, so you're not overpaying for the location, but you are accepting a smaller footprint than neighbors.