Key Characteristics & Appeal
This is a 1,168-square-foot home built in 2002, located on Cloverwood Road in the Whyte Ridge neighbourhood of Winnipeg. The property sits on a 4,174-square-foot lot. Its strongest feature is the building’s age: it ranks first on its street and in the top 10% within Whyte Ridge, which means it’s noticeably newer than most surrounding homes. That relative newness can translate into fewer immediate maintenance concerns and more modern construction standards compared to older properties in the area.
The appeal here is less about size or land and more about condition and predictability. The living area is below average for both the street and the neighbourhood, and the lot is on the smaller side, especially when compared to typical Whyte Ridge or citywide averages. However, the assessed value sits slightly below the street and neighbourhood averages but above the citywide median—suggesting it’s priced in line with its compact footprint while still benefiting from being in a relatively established, desirable area. For a buyer, this isn’t a property that stands out on paper for square footage or yard space, but it offers a newer home in a mature neighbourhood without the premium attached to larger, older homes nearby.
This would suit a buyer who prioritizes a newer build and lower upkeep over having maximum space. It’s a practical fit for someone who wants to be in a well-regarded neighbourhood like Whyte Ridge but doesn’t need a large yard or extra rooms—perhaps a young couple, a downsizer, or someone buying their first home who values a move-in-ready property with modern bones. It also works for an investor or homeowner who sees potential in a home that’s smaller than the local norm, where the relative newness could offset the need for major renovations.
Five Possible FAQs
1. How does the property’s size compare to others in Whyte Ridge?
The living area is about 500 square feet smaller than the neighbourhood average of 1,666 square feet, and the lot is roughly 2,000 square feet smaller than the typical Whyte Ridge lot. On its own street, it’s the smallest home by living area. If space is your main concern, this property is modest by local standards.
2. Is the assessed value of $462,000 reasonable for this home?
It’s below the street average ($478,000) and the neighbourhood average ($530,000), but above the citywide median ($390,000). You’re paying a premium over the city average for being in Whyte Ridge, but less than what many larger or older homes in the area command. It reflects the smaller size and lot, balanced by the newer construction.
3. What’s the significance of the home being built in 2002?
In a neighbourhood where the average home was built in 1994, and on a street where homes average 2001, this property stands out as one of the newest. That typically means more up-to-date electrical, plumbing, insulation, and roofing compared to older stock. It also places it among the newer homes citywide, where the average is 1966.
4. How does the lot size affect use or resale?
At 4,174 square feet, the lot is smaller than the Whyte Ridge norm. That means less outdoor maintenance, but also less space for extensions, large gardens, or a garage addition. On its street, the lot is close to average, so it blends in. For resale, it may appeal to buyers who want a manageable yard, but could limit interest from those seeking more land.
5. What type of buyer typically chooses this kind of property?
Someone who wants a newer home in a stable, family-oriented neighbourhood without paying for extra space they won’t use. It’s not ideal for buyers who need a big yard or multiple large bedrooms, but it works well for those who value efficiency, lower maintenance, and being in a well-ranked area without stretching their budget for a larger home.