50 Bessboro Street N – Property Summary
Key Characteristics & Buyer Profile
This is a 2,077 sqft home built in 2006, set on a 5,050 sqft lot in the Whyte Ridge neighbourhood. The property stands out most for its above-average living space and recent construction relative to the area. Citywide, it ranks in the top 9% for living area and the top 10% for assessed value, indicating a well-sized, well-regarded home in a desirable part of Winnipeg.
Its appeal lies in the balance of newer construction (the neighbourhood's top 1% for year built) and a living area that comfortably exceeds both street and city averages. The assessed value of $580k is notably higher than the citywide average of $390k, reflecting the premium attached to the home's size and age in a mature neighbourhood.
The lot, however, is smaller than typical for Whyte Ridge—ranking in the bottom 28% locally. This may matter to buyers who prioritize yard space, but it also suggests lower maintenance for those focused on the interior. The property would suit a family or professional seeking a move-in-ready home with generous room dimensions and few immediate updates, in a neighbourhood where most comparable homes are older and smaller. It is less suited for someone wanting a large lot or a fixer-upper with price upside.
Five Frequently Asked Questions
1. How does the property's assessed value compare to what I might pay?
The assessed value is $580k, which ranks among the higher tier on the street and in the neighbourhood. Market price often differs from assessment, but this figure suggests the home is positioned in the upper-middle range for Whyte Ridge. You'll want to look at recent sale prices for similar homes on Bessboro Street to gauge current market conditions.
2. The lot is 5,050 sqft—is that small for the area?
Yes, relative to the neighbourhood. The average lot in Whyte Ridge is about 6,175 sqft, and many homes on Bessboro itself sit on larger parcels (average 6,740 sqft). That said, a smaller lot often means less yard work and more usable space inside for the total property footprint.
3. Does the year built (2006) mean there are fewer maintenance concerns?
Generally, yes. A home from 2006 will have modern framing, wiring, and likely mid-efficiency mechanicals. It avoids the issues common in Winnipeg's older housing stock (e.g., knob-and-tube wiring, lead pipes, asbestos). However, the roof, furnace, and major appliances are now roughly 18 years old, so potential replacement timelines should be considered.
4. What does “Top 1% for year built in the neighbourhood” actually mean?
It means that out of 2,382 comparable homes in Whyte Ridge, only 33 are newer than this one. The neighbourhood was largely developed in the 1990s, so a home from 2006 is unusually recent. For context, the average home in Whyte Ridge was built in 1994.
5. How does this property compare to others on Bessboro Street North?
On its own street, it ranks near the middle for lot size and assessed value, but in the top third for living area. So it's on the larger side for the street but not an outlier in price. The newer construction (2006 vs. street average of 2001) gives it a slight edge in age, but it doesn't dominate on land. It's a strong "above average" entry in a solid row of homes.