87 Cloverwood Road – Property Summary
Key Characteristics & Buyer Profile
This is a 2001-built home with 1,509 sq ft of living space on a 3,954 sq ft lot, located in the Whyte Ridge neighbourhood of Winnipeg. The property sits in the middle of its street for size – 21st out of 52 homes – and is slightly above average for living space compared to the city as a whole, which puts it in the top 30% citywide. The assessed value of $483,000 is also above the city average of $390,000, but below the Whyte Ridge average of $530,000. That means you’re getting more square footage than many Winnipeg homes, but paying less than the typical house in this particular neighbourhood.
The lot is on the smaller side, ranking near the bottom of both the street and the community. The home itself was built in 2001, which is newer than most homes in Whyte Ridge and significantly newer than the city average (1966). This combination – a newer build with modest land – tends to appeal to buyers who want a more modern layout and less outdoor maintenance, rather than a large yard or older character home.
Who it suits: Buyers who prioritize a newer, move-in-ready interior over lot size. People looking for a home that doesn’t need immediate updates, especially if they’re coming from a condo or want to downsize yard work. Also suits buyers who want to be in Whyte Ridge but are priced out of the larger, older homes there. It’s a practical choice for those who see land as a cost rather than an asset.
Frequently Asked Questions
1. How does this property compare to others on the same street?
It’s right around the average for both size and assessed value on Cloverwood Road – 21st out of 52 homes for living space, and 18th out of 52 for value. So it’s a typical home for the street, not an outlier in either direction.
2. Is this a good option if I want a large yard?
No. The lot is 3,954 sq ft, which is well below both the street average (4,314 sq ft) and the Whyte Ridge average (6,175 sq ft). This home is better suited for someone who wants less upkeep rather than outdoor space.
3. How does the age of this home affect its condition or appeal?
Built in 2001, it’s newer than most homes in Whyte Ridge (where the average build year is 1994) and much newer than the Winnipeg average of 1966. That means you’re less likely to face major systems replacements (roof, furnace, windows) than you would in an older home, but it’s also not a brand-new build with modern finishes.
4. Why is the assessed value lower than the neighbourhood average?
Whyte Ridge has a high proportion of larger lots and older, more established homes that carry higher valuations. This property is smaller on both land and living space than the neighbourhood norm, which brings its assessed value down. Citywide, however, it still sits above average.
5. What kind of buyer typically overlooks this property, and why?
Buyers focused on maximum square footage or a large lot for reno potential. Also families who want a big backyard or a quiet cul-de-sac with room for a garden. This home’s strength is its efficient size and newer build, not its land or prestige within the neighbourhood. It’s more of a sensible fit than a standout.