57 Portwood Road – Property Summary
Key Characteristics & Appeal
This single-family home in Whyte Ridge (Winnipeg) sits on a 6,300 sqft lot with 1,670 sqft of living space, built in 1992. Its assessed value is $533,000.
The property’s strongest selling point is its citywide standing. It ranks in the top 22% of Winnipeg homes for living area, top 15% for assessed value, and top 21% for newer construction. While it’s around average or slightly above within the immediate street and neighborhood, it significantly outperforms older, smaller, or lower-value homes across the wider city. This suggests the home offers solid, above-average value relative to the broader market without being the largest or priciest on its own block.
The appeal lies in its balance: it’s not oversized or extravagant, but it’s clearly above typical city benchmarks in size, age, and value. The land area is also above average locally (top 30% in the neighborhood) and top 25% citywide, which may appeal to buyers looking for outdoor space without a massive footprint.
Best suited for a buyer who wants a well-maintained, reliably above-average home in an established suburban neighborhood. Someone who values having more space and newer construction than the typical Winnipeg home, but isn’t chasing the flashiest or highest-ranked property on the street. It’s a practical, steady choice for families or professionals who prefer a middle-of-the-pack comfort zone with strong citywide metrics.
Five Possible FAQs
1. How does this home compare to others on the same street?
It’s slightly above average in land size and assessed value, but around average for living area. It ranks 12th out of 43 homes on Portwood Road for lot size (top 28%) and 13th for both value and year built (top 30%). So it’s a strong contender on the block, but not the largest or most expensive.
2. Is the living space small for the neighborhood?
No. At 1,670 sqft, it’s almost exactly the neighborhood average of 1,666 sqft (top 46%). It’s not a standout on the street (which averages 1,794 sqft), but it’s typical for Whyte Ridge as a whole.
3. What’s the assessed value based on?
The $533,000 assessment reflects citywide comparison data, ranking top 15% of all Winnipeg homes. It’s slightly above the street average ($533,600) and neighborhood average ($529,600). The value is driven by the home’s size, age, and lot relative to broader city benchmarks.
4. How old is this home compared to others in Winnipeg?
Built in 1992, it’s newer than the typical Winnipeg home (average 1966) and ranks in the top 21% citywide for newer construction. Within Whyte Ridge, it’s slightly older than the neighborhood average of 1994, but it’s still among the newer homes on its street (top 30%).
5. What does “around average” mean for the neighborhood rankings?
It means the home performs similarly to most other Whyte Ridge properties in living area and value—neither underperforming nor standing out. The land area, however, is notably above average locally (top 30%), which is worth noting for buyers who prioritize yard space.