78 Tolcross Gate – Property Summary
Key Characteristics & Buyer Profile
This is a 1,205 sqft home built in 1990 on a 4,200 sqft lot in Winnipeg’s Whyte Ridge neighbourhood. Its assessed value is $476,000.
Where the appeal lies: The property is priced well above the citywide average for comparable homes (top 24%), yet it’s considerably below the average for its immediate neighbourhood (top 80%). That gap is the core appeal—you get the address and location of a higher-value area for a relative bargain compared to neighbours. The home is also newer than most citywide (top 22%), which means fewer immediate replacement concerns for major systems like roofing or mechanicals. The living area is around the city median, so it’s not cramped, but the lot is noticeably smaller than both neighbourhood and city averages. That might actually be a positive for someone who wants less yard maintenance in a mature neighbourhood.
Who it suits: First, buyers who want the Whyte Ridge area but are priced out of the larger, more expensive homes there. Second, someone looking for a home that’s already near the top of its street value—it ranked 13th out of 41—suggesting the property is well-maintained for its size. Third, downsizers or child-free households who don’t need a big lot but want a solid, newer build in a stable neighbourhood. It’s less suited to buyers seeking expansion potential or a large yard.
Five Possible FAQs
1. Why is the assessed value high citywide but low for the neighbourhood?
The citywide average for comparable homes is $390k, so this property is well above that. But in Whyte Ridge, the neighbourhood average jumps to $530k. This home’s $476k assessment simply reflects a smaller living area and lot than most of its immediate neighbours, not any defect.
2. How does the lot size compare to typical Winnipeg homes?
The 4,200 sqft lot is smaller than about 71% of homes citywide and about 93% of homes in Whyte Ridge. The city median is around 6,570 sqft. If you want space for gardens, a shop, or future additions, this lot is tight—but that also means less time and money spent on upkeep.
3. Is the living area adequate for a family?
At 1,205 sqft, it’s around the city median for comparable homes. It can work for a small family (2+1 children) if the layout is efficient, but it won’t offer a formal living and separate family room. For larger families or those who entertain frequently, it’ll feel snug.
4. What does “top 32% on the street” for year built mean?
It means this home is newer than about 68% of the other 41 homes on Tolcross Gate. Many homes on the street were built in or before 1990, so this one is on the newer side—though it’s not the newest (ranked 13th out of 41). You’re unlikely to face very old systems, but electrical, plumbing, and roofing are now 35+ years old, so an inspection is wise.
5. Is this a good investment relative to other Whyte Ridge homes?
That depends on your goals. You’re buying a home that’s already near the top of its street for assessed value, so there’s limited “fix-and-flip” upside. But it’s priced well below the neighbourhood average, meaning it’s a more accessible entry point into Whyte Ridge. Historically, lower-priced homes in higher-value areas tend to hold value well during market dips. However, the smaller lot will always cap appreciation compared to larger neighbours.