This 1,221 sqft home on Invermere Street in Whyte Ridge is a property that stands out for its generous lot rather than its interior size. Built in 1987, the house is older than many of its immediate neighbours, but that also means it sits on a 6,573 sqft lot—ranking in the top 13% on the street and well above the average for both the community and the city. The living area, by contrast, is below the street and neighbourhood averages, though it aligns closely with the city-wide norm.
Where the property’s appeal really lies is in its combination of a larger-than-typical yard and a relatively lower assessed value for tax purposes. At $453,000, the assessed value is below most homes on the street and in Whyte Ridge, but sits above the city-wide average. This suggests a home that may not be the most polished or updated on the block, but offers room to grow—literally and figuratively—without the premium price tag.
This property would suit a buyer who values outdoor space and is willing to invest in interior updates or renovations. It’s a good fit for someone who doesn’t need the largest floor plan right now, but wants a solid lot in a well-regarded neighbourhood. It could also appeal to those who see potential in a home that’s not the newest, but has good bones and less competition on price.
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How does the property’s lot size compare to others in Whyte Ridge?
The lot is 6,573 sqft, which is above both the street average (5,067 sqft) and the community average (6,175 sqft). It ranks in the top 26% within Whyte Ridge and top 22% city-wide.
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Why is the assessed value relatively low for the area?
The assessed value of $453,000 is below the street and neighbourhood averages, likely reflecting the home’s older construction (1987) and its smaller living area compared to nearby homes. It does, however, exceed the city-wide average, indicating that location and lot size still carry weight.
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Is the home a good candidate for renovation or expansion?
Possibly. The larger lot provides more flexibility for additions or outdoor improvements, though any plans would need to be checked against local zoning and permit requirements. The interior is smaller than many homes on the street, so there may be room to reconfigure or add square footage.
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How does the 1987 build date affect the property’s value or upkeep?
Homes from the late 80s can require updates to systems like roofing, windows, or mechanicals depending on when they were last replaced. That said, the home’s age is older than most on the street and in Whyte Ridge, but newer than the city-wide average. A pre-purchase inspection would give a clearer picture.
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What type of buyer typically looks at a property like this?
Buyers who are willing to trade some interior space or modern finishes for a larger lot and a lower entry price in a stable neighbourhood. It also suits those who prefer to add value over time rather than pay a premium for a move-in-ready home.