Property Summary: 34 Leamington Gate
Key Characteristics & Target Buyers
This 1,156 sqft home built in 1986 sits on a 5,415 sqft lot in Winnipeg’s Whyte Ridge neighbourhood. Its living space is smaller than most homes on the same street and within the wider community—ranking in the bottom quartile locally—though it’s close to the citywide average. The assessed value of $470,000 is typical for the street but notably lower than the Whyte Ridge average of $530,000, making it one of the more affordable options in the area. The home is older than much of the surrounding development; Whyte Ridge’s median build year is 1994, placing this property in the older end of the neighbourhood.
Where its appeal lies: The property offers a foothold in a desirable, established neighbourhood at a below-community-average price point. While the home itself is modest in size compared to nearby houses, its value relative to the broader Winnipeg market is strong—it falls in the top 25% citywide for assessed value. The land is also slightly smaller than typical for the area, which may keep yard maintenance manageable.
Who it suits: Buyers who want access to Whyte Ridge’s amenities and reputation but are willing to accept a smaller footprint and an older home in exchange for a lower entry price. It could work well for first-time buyers, downsizers, or anyone who prioritizes location over square footage and doesn’t need a large lot.
Five Possible FAQs
1. How does this home compare to other properties on Leamington Gate?
It’s smaller than most—17th out of 22 homes for living area—and has one of the smaller lots on the street (20th out of 22). The assessed value is close to the street average, and it’s among the older homes (built 1986, ranking 5th oldest).
2. Is Whyte Ridge generally more expensive than this property suggests?
Yes. The average assessed value in Whyte Ridge is $530,000, significantly higher than this home’s $470,000. This property sits in the bottom 16% of the neighbourhood by value, which is unusual for the area and reflects its smaller size and older construction relative to nearby homes.
3. How does the lot size affect everyday use?
At 5,415 sqft, the lot is slightly below average for Whyte Ridge but still reasonable for a single-family home. It’s not oversized, so yard upkeep is more manageable, but there’s limited room for major expansions or extensive landscaping without encroaching on setbacks.
4. What does the “citywide top 25%” ranking for assessed value actually mean?
It means that across all of Winnipeg, this home’s assessed value is higher than about three-quarters of other properties. Even though it’s less expensive than its immediate neighbours, it still holds above-average value when compared to the rest of the city, likely due to its location in a solid middle-class neighbourhood.
5. Is this home a good candidate for renovations?
Possibly, but with caution. The home is older than most in Whyte Ridge, so updates may be needed to bring it in line with modern expectations. However, because it’s already below the neighbourhood median for living area, adding square footage could be a challenge given the relatively small lot. Cosmetic updates and mechanical upgrades might offer better return on investment than structural changes.