63 Southbend Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,189-square-foot home built in 1989 on a 6,350-square-foot lot in Whyte Ridge, Winnipeg. Its most notable strength is the land: the lot is above average for both the neighbourhood and the city, ranking in the top 25% city-wide. The house itself is on the smaller side locally—well below the street and neighbourhood average for living area—but it is about average compared to homes across Winnipeg, where the typical comparable home is smaller. The assessed value of $465k reflects that dynamic: it is below the local street and neighbourhood averages, but above the city-wide average. The home is also one of the older builds on its street (top 22% by age), though neighbourhood-wide it is roughly typical.
The appeal here is largely about location and land rather than interior square footage. Buyers who want a larger lot in an established, mature neighbourhood—without paying a premium for extra interior space—would find this property interesting. It would suit someone willing to update or customize a home that is solid but not oversized, or a buyer who prioritizes outdoor space, yard, or future redevelopment potential over a large floor plan. It may be less suited to buyers seeking a move-in-ready home with generous room sizes or a newer build.
Five Frequently Asked Questions
1. How does this home’s size compare to others in Whyte Ridge?
It is well below the average living area in the neighbourhood (1,189 sqft vs. 1,666 sqft). On its own street, it ranks near the bottom. The lot, however, is larger than most nearby properties.
2. Why is the assessed value below the neighbourhood average but above the city average?
The home’s smaller living area pulls its value down compared to larger homes in Whyte Ridge. City-wide, however, the assessed value is above average because Winnipeg includes many older, smaller, or lower-value homes in the broader dataset.
3. Is the home considered old or outdated?
It was built in 1989, which makes it one of the newer homes on its street but slightly older than the Whyte Ridge neighbourhood average (1994). Compared to Winnipeg as a whole, it is much newer than average (1966). The age is typical for the area, not unusually old or new.
4. What does the land size mean in practical terms?
At 6,350 sqft, the lot is above average for both the neighbourhood and the city. This gives more outdoor space than many nearby homes, which could mean a larger backyard, more room for gardens or additions, or better privacy. It may also offer more flexibility for future renovations.
5. Who is this home best suited for?
Buyers who want a good-sized lot in a well-established neighbourhood without paying for a large house. It is also a reasonable option for someone looking to renovate or add square footage, given the land buffer. It would be less ideal for someone who needs a large interior right away or wants a newer, low-maintenance home.