Key Characteristics & Buyer Profile
This is a 1,272 sqft home built in 1990 on a 4,200 sqft lot in the Whyte Ridge neighbourhood of Winnipeg. On its own street, it’s a solid performer—the living space ranks in the top 27% of 41 homes, and the lot is slightly above the street average. But zoom out to the wider community, and the picture shifts: the home is smaller than most in Whyte Ridge (where the average is 1,666 sqft) and sits on a lot that’s well below the area norm. The assessed value of $463,000 is close to the street average but significantly below the Whyte Ridge median of $530,000. The property is newer than the city average (1990 vs. 1966), which is a practical plus for systems and structure.
The appeal here is more about relative value than standout features. A buyer gets a home that’s competitive on its own block—decent size, reasonable lot, fair price—without paying the premium that often comes with the broader Whyte Ridge neighbourhood. That disconnect between street-level strength and community-level weakness is the actual opportunity: you’re in a desirable area, but not paying top dollar for it.
This property would suit a buyer who prioritizes location over square footage. Someone who wants to be in Whyte Ridge but is willing to accept a smaller lot and a house that’s modest by local standards. It also works well for someone who values newer construction relative to older city stock, or a first-time buyer looking for a reasonably priced entry into a stable neighbourhood without stretching for a “move-in ready” premium.
Five Possible FAQs
1. How does the property compare to other homes in Whyte Ridge, not just on this street?
The home is below average for the community in terms of living area and lot size. Whyte Ridge has larger homes overall, so this property is on the smaller end. However, its assessed value is also lower, which reflects that difference and makes it one of the more affordable options in the neighbourhood.
2. Is the assessed value of $463,000 realistic for the current market?
It’s close to the average for homes on Tolcross Gate, but well below the Whyte Ridge average. That suggests the assessment is in line with what similar properties on this street might sell for, but a buyer should still do their own market comparison. The home’s value is tied more to its immediate street than to the community average.
3. The lot is 4,200 sqft—is that considered small for the area?
On Tolcross Gate, it’s actually slightly above the street average of 4,470 sqft. But in Whyte Ridge overall, lots average 6,175 sqft, and city-wide they average 6,570 sqft. So relative to the broader neighbourhood and city, yes, it’s a smaller lot. For someone not looking for a large yard, that might be a non-issue.
4. The home was built in 1990. Are there any common issues with homes from that era?
Homes from the late 80s and early 90s in Winnipeg often have original windows, roofing, and mechanical systems that may need updating. It’s worth checking the age of the furnace, AC, and shingles specifically. That said, 1990 is newer than a large portion of the city’s housing stock (average build year is 1966), so it may have fewer deferred maintenance items than an older home.
5. Why does the property rank higher on its street than in the community?
The street (Tolcross Gate) has smaller, more moderately priced homes compared to Whyte Ridge as a whole. So a home that’s average or slightly above on this street may still be below the community average. This isn’t unusual in neighbourhoods with a mix of housing—it just means the street itself is more modest than the area around it.