Key Characteristics & Buyer Profile
This is a 1,402 sq ft single-family home built in 2006, located on Moncrief Lane in the Whyte Ridge neighbourhood of Winnipeg. The property sits on a 4,820 sq ft lot.
What stands out here is the construction year. This is the newest home on its street (ranked 1st out of 21), and within the top 1% of Whyte Ridge homes by age. For buyers who prioritize a newer build, this is a clear differentiator in a neighbourhood where the average home was built in 1994.
The living space is below average for both the street and the neighbourhood, but the assessed value tells a more interesting story. At $513,000, this home is valued slightly below the street average but sits well above the citywide average of $390,000. That suggests the property is priced in line with its immediate neighbours, but represents a higher-tier asset relative to the broader Winnipeg market.
The lot size is close to the street average but noticeably smaller than the typical Whyte Ridge lot (6,175 sq ft). This may matter to buyers wanting yard space or room for expansion.
Who this suits: Buyers who want a relatively modern home in an established suburban neighbourhood, without paying a premium for a larger lot. It may also appeal to those who value a newer build over square footage, or who are looking for a home that won’t require major updates soon. It’s less suited to someone seeking a large yard or maximum interior space for the price.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes in Whyte Ridge?
The assessed value of $513,000 is very close to the neighbourhood average of $530,000—ranking in the middle (49th percentile). So it’s not overpriced relative to the area, but it’s also not a bargain by local standards.
2. Is the lot size a concern?
It’s slightly below the street average and significantly below the neighbourhood average. If you’re comparing homes in Whyte Ridge generally, expect this lot to be on the smaller side. That said, it’s still a standalone lot, and many buyers find 4,820 sq ft perfectly adequate for a family home.
3. Why is the home ranked so low for living area on its own street?
Moncrief Lane has only 21 homes, and the average living area is 1,732 sq ft. This home is 1,402 sq ft, making it one of the smallest. That gap matters if you’re comparing within the immediate block, but citywide, it’s actually above average (top 35%).
4. What does “close to average” mean for the citywide ranking?
The home’s living area ranks in the top 35% citywide, meaning it’s larger than most Winnipeg homes. The “close to average” label refers to how it compares to the city average of 1,342 sq ft—it’s about 60 sq ft above, so essentially in line with the typical city home.
5. How reliable are the rankings and progress bars?
They’re based on city property data and show where this home falls within its street, neighbourhood, and city for each metric. The progress bars indicate the percentage of comparable homes this property outperforms. They’re a useful reference, but actual desirability also depends on layout, condition, and personal priorities—no ranking captures everything.