Here is a concise, grounded summary of 38 Leamington Gate, formatted for direct display.
Key Characteristics & Buyer Profile
This 1986 home in Whyte Ridge offers 1,642 sq. ft. of living space on a 5,681 sq. ft. lot. Its primary appeal is strong relative value: it is assessed at $494k, which is above average for both its street and the city, but actually below the average for the surrounding Whyte Ridge neighborhood ($529.6k). This creates a scenario where the property delivers city-wide quality at a neighborhood discount.
The lot size and living area are solid—right around the middle of the pack for Whyte Ridge—but the home’s age (1986) is older than the newer builds dominating the area. The property best suits a buyer who wants a well-sized, solidly-constructed home in an established, family-oriented neighborhood. It is less suited for someone who prioritizes a brand-new build or a premium lot, as you are trading newer construction for a more accessible price point in a desirable part of the city.
Five Possible FAQs
1. How does the assessed value compare to other homes on the same street?
It ranks #6 out of 22 homes on Leamington Gate (Top 27%). This means the home is valued above the street average of $475.2k, but is not the most expensive house on the block.
2. Is the house considered "small" for the Whyte Ridge neighborhood?
No. At 1,642 sq. ft., it is very close to the neighborhood average of 1,666 sq. ft. It ranks in the top 48% for living area, meaning it is a typical size for the area—not oversized, but not small by local standards.
3. The home was built in 1986. Is that older than most homes in Whyte Ridge?
Yes, significantly. The average home in Whyte Ridge was built in 1994. This property is in the bottom 6% of the neighborhood for year built, so it is one of the older homes in the area. Buyers should expect maintenance typical of a late-80s build.
4. How does the lot size stack up citywide?
It is roughly average. The 5,681 sq. ft. lot ranks in the top 39% across Winnipeg. While it is not a large estate lot, it is also not undersized by city standards, offering a typical, usable yard for a family home.
5. Why is the assessed value lower than the Whyte Ridge average, but higher than the city average?
Because Whyte Ridge is a higher-value neighborhood than the Winnipeg average. The home is priced competitively within its own neighborhood (below the local average), but still holds significantly more value than a comparable home would in a lower-priced part of the city. This indicates a potential value gap for the buyer.