Property Overview & Key Characteristics
This two-storey home at 84 Cloverwood Road in Whyte Ridge is a well-situated property built in 2002. Its primary appeal lies in a combination of established neighbourhood charm and above-average positioning within its immediate area. The home features a renovated basement and an attached garage on a lot that ranks in the top 8% for size on its street.
The data suggests a property that offers solid value within its context. While the living area is a comfortable 1,628 sq ft, the standout metrics are its lot size and relative newness compared to its direct neighbours—it ranks in the top 2% for year built on its street and the top 10% within Whyte Ridge. This indicates a home that is younger than most around it, potentially requiring less immediate major upkeep. Its assessed value sits consistently in the top 15-20% of comparable properties on its street and in Winnipeg.
This home would suit buyers looking for a move-in ready property in a mature, sought-after neighbourhood like Whyte Ridge, who prioritize lot size and a home that is newer than many of its peers. It’s a practical choice for a growing family or professional couple seeking space and stability without venturing into brand-new, often premium-priced subdivisions.
Frequently Asked Questions
1. How does this home compare to newer builds in areas like Bridgwater?
While newer communities offer modern floor plans, this home provides an established neighbourhood with mature trees and developed amenities. The data shows it has a larger lot than many newer comparables and its assessed value is significantly lower, suggesting different market segments.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the listing agent to understand if it’s a legal suite, a recreational space, or updated living quarters.
3. The assessed value seems low compared to some nearby listings. Why?
Municipal assessed value for taxation rarely equals market value. The provided comparables show homes with similar assessed values can vary greatly in location, size, and condition. Market value is determined by current sale prices and buyer demand.
4. Is the ranking data a reliable indicator of value?
The rankings are useful for understanding how this property stacks up against its immediate neighbours and similar homes in Winnipeg on specific metrics like lot size and age. They highlight relative strengths, such as its newer construction for the street, but should be considered alongside a physical viewing and current market conditions.
5. What are the less obvious benefits of this property's rankings?
Ranking in the top 2% for year built on its street suggests potentially more modern building materials and systems than older neighbours, which can mean energy efficiency and fewer near-term replacements. A lot size in the top 8% on the street offers valuable outdoor space, a rarity in mature neighbourhoods where lots are often smaller.