84 Setterington Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 2,300 sqft home built in 2004 on a 4,885 sqft lot in Whyte Ridge. Its standout feature is size: the living area ranks in the top 8% on its street, top 6% in the neighbourhood, and top 5% citywide in Winnipeg. The assessed value of $601,000 also runs well above local averages—top 17% on the street and top 8% across the city. The house is newer than most in the area (top 5% in Whyte Ridge) and was built in the same year as most others on Setterington Bay, meaning the street has a cohesive, modern feel.
The lot is where the property differs. At 4,885 sqft, it sits right at the median for the street but falls below the Whyte Ridge average. Buyers looking for a large yard may find it limiting, while those who prioritize indoor square footage over outdoor space will see the trade-off as a fair one. The appeal lies in the combination of generous living area and a relatively recent build, all in a well-ranked pocket of the city.
This home suits buyers who want above-average interior space and are less concerned with a sprawling lot. It would fit a family needing room to spread out, or someone upgrading from a smaller home who wants a newer construction without moving to a brand-new subdivision. The rankings suggest good value retention relative to the city, though the lot size may curb long-term appreciation for buyers who prioritize land.
Five Possible FAQs
1. How does the lot size compare to other homes in Whyte Ridge?
The lot is about 1,300 sqft smaller than the neighbourhood average. It ranks in the bottom 25% locally, but it's still typical for the street itself. If you're comparing homes within Setterington Bay, the lot is not unusually small—just average for that block.
2. Is the assessed value of $601,000 in line with recent sale prices?
Assessed value is not the same as market value. The assessment ranks high relative to citywide averages, but actual sale prices depend on condition, upgrades, and market timing. You should compare it to recent sales on the same street or in Whyte Ridge for a clearer picture.
3. How old is the home, and does the age affect the ranking?
Built in 2004, it's newer than most homes in Whyte Ridge (median year built is 1994) and on par with others on this street. Being top 5% in the neighbourhood for year built means you're getting a relatively modern structure, which can mean fewer immediate renovation needs.
4. Why is the lot ranked lower than the living area?
It's simply a matter of priorities in this development. The street and neighbourhood were built with larger homes on moderately sized lots. The living area is exceptional for the city, while the lot is average to slightly below average. Some buyers prefer this balance; others might want more outdoor space.
5. What does "top 5%" citywide actually mean for this property?
Out of nearly 200,000 comparable homes in Winnipeg, this one ranks in the top 5% for living area. That puts it in a small group of houses citywide that offer this much interior space—a meaningful data point if square footage is a key factor in your decision.