Key Characteristics & Buyer Profile
This 1,511 sqft home on Cloverwood Road in Whyte Ridge was built in 2001. Its main draw is solid, above-average living space for the city, paired with a below-average property tax assessment relative to its immediate street and neighbourhood. At $460,000 in assessed value, it sits below the street median of $478,000 and well below the Whyte Ridge median of $530,000, yet it’s above the Winnipeg-wide median of $390,000. The land is notably compact: 3,954 sqft, smaller than average on its street, in its neighbourhood, and citywide.
The appeal here is subtle. You’re getting a house that’s newer than most in Whyte Ridge (the area skews to 1994) and a good 35 years newer than the typical Winnipeg home. The living space is modest compared to the neighbourhood average but generous for the city overall. The lower assessment means lower property taxes than many neighbours are paying—a practical, ongoing saving. However, the yard is small, which limits outdoor space but also reduces maintenance.
This property suits a buyer who wants a relatively modern home in a family-oriented suburb without paying a premium for a large lot. It’s a good fit for someone who prioritizes interior square footage and newer construction over garden space, or for a buyer who finds Whyte Ridge’s character appealing but wants to keep tax costs down.
Five Possible Questions
1. How does the property tax compare to other homes in Whyte Ridge?
It’s assessed at $460,000, which is notably below the neighbourhood average of $530,000. This means your annual tax bill will likely be lower than many comparable homes in Whyte Ridge, even though the house itself is newer than average.
2. Why is the land so small compared to other homes in the area?
At 3,954 sqft, it’s smaller than nearly all lots on Cloverwood Road and in the broader Whyte Ridge community. This likely reflects the subdivision design when the home was built in 2001—a period when some newer sections of the neighbourhood shifted toward more compact lots. It’s a trade-off: less yard to care for, but also less outdoor privacy and space.
3. Is this home considered large or small for its price point?
Citywide, its 1,511 sqft is above the Winnipeg average of 1,342 sqft, so it’s a comfortable size. But within Whyte Ridge, it’s below the median of 1,666 sqft. You’re getting a slightly smaller home than many neighbours, but you’re also paying less in taxes than they are.
4. How old is the home relative to the neighbourhood?
It was built in 2001, which makes it one of the newer homes in Whyte Ridge. Most homes in the area date from the mid-1990s, so you’re getting a property that’s roughly six to eight years newer than the typical house in the community.
5. What does “assessed total value” mean for resale?
Assessed value is used for tax purposes, not market price. A lower assessment doesn’t directly cap resale value—homes often sell above or below their assessment. That said, a lower assessment can be a selling point for buyers who are tax-conscious, since it signals lower ongoing costs compared to similar homes nearby.