This 2,118-square-foot home, built in 2003, sits on an 8,120-square-foot lot in the Whyte Ridge neighbourhood. The standout feature is the lot itself: it ranks in the top 8% on its street and top 12% in the area, offering more outdoor space than most comparable homes nearby. The house is also newer than average for the neighbourhood (top 7%) and the city (top 16%), meaning it avoids the maintenance concerns of an older build. Its assessed value of $603,000 is above the street and area averages, reflecting both its condition and location. The living area places it in the top 8% citywide, but the space is generous without being oversized.
The appeal lies in the combination of a relatively modern home with a notably large lot in an established neighbourhood. Buyers often focus on square footage or price, but here the land is the sleeper asset—it offers room for expansion, landscaping, or simply more privacy than a typical infill lot. That said, the property is not a mansion; it’s a well-sized family home that outperforms on land without sacrificing interior space. It would suit someone who values a newer home and a usable yard, likely a family or a buyer looking for a long-term hold with good resale potential due to the lot. It may be less ideal for someone seeking a compact, low-maintenance property or a fixer-upper with lower entry costs.
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How does the assessed value compare to recent sale prices in Whyte Ridge?
The assessed value of $603,000 is a benchmark, but sale prices can vary based on condition, upgrades, and market timing. Homes in the top 10% of assessed value in this area tend to be well-maintained, newer builds. Checking recent sales of similar size and lot in Whyte Ridge will give a clearer picture of current market pricing.
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Is a 2003 home likely to need major updates soon?
Homes from the early 2000s often still have original roofs, furnaces, and windows, which typically last 20–30 years. So some systems may be approaching replacement age. However, being newer than 94% of homes citywide, it avoids the structural or outdated electrical issues common in older Winnipeg housing stock. A home inspection is the best way to assess what’s remaining.
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How usable is an 8,120 sqft lot in this part of the city?
That’s well above the neighbourhood average of 6,175 sqft. In Whyte Ridge, lots tend to be rectangular and fairly flat, so the extra space likely translates to a larger backyard or side yard. It offers room for a garden, a playset, or possibly a future garage or shed addition, depending on zoning.
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Does the property back onto a green space or major road?
The data doesn’t specify adjacent features, but the street-level rank (top 8% for land) suggests it’s one of the larger lots on St Albans Road. Being in an established subdivision, it’s worth confirming whether the property backs onto a lane, a park, or another row of homes, as this affects privacy and noise.
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How does the neighbourhood compare to other parts of Winnipeg for resale?
Whyte Ridge is a well-regarded south-end neighbourhood with mature trees and good schools. Homes here tend to hold value steadily. Because this property ranks high for living area and land both locally and citywide, it likely appeals to a broad buyer pool—though not necessarily to those looking for a starter home or a downtown commute.