92 Setterington Bay – Property Summary
Key Characteristics & Buyer Suitability
This is a 2,208-square-foot home built in 2007, with a land area of 4,887 square feet and an assessed value of $574,000. It sits in the Whyte Ridge neighbourhood of Winnipeg.
The property’s main draw is its living space and construction date. It ranks in the top 6% city-wide for living area (well above the city average of 1,342 sqft), and the top 1% neighbourhood-wide for year built—one of the newest homes in Whyte Ridge. Its assessed value also sits comfortably above local and city averages, reflecting both size and condition.
Where it’s less remarkable is the lot size. The land area is slightly below the neighbourhood average, ranking in the bottom quarter locally. That’s typical for a newer infill or higher-density subdivision: more house, less yard. Buyers who prioritize a spacious interior and modern construction over a large private lot will find the trade-off worthwhile. It’s especially suited to families or professionals who want a move-in-ready home in an established area without the maintenance burden of a big yard. Conversely, someone looking for acreage-like space or extensive outdoor gardening room may find the lot limiting.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
It’s above average. The property ranks 12th out of 36 homes on Setterington Bay (top 33%) and 392nd out of 2,382 in Whyte Ridge (top 16%). The street average is $560,800 and the neighbourhood average is $529,600, so this home sits above both.
2. Is the living area really that much larger than typical homes in the area?
Yes. At 2,208 sqft, it’s roughly 18% larger than the street average and about 33% larger than the neighbourhood average. City-wide, it’s in the top 6% of comparable homes.
3. What’s the catch with the land area?
There isn’t really a catch—it’s just a tighter lot. The land is 4,887 sqft, which is about 10% smaller than the street average and about 21% smaller than the Whyte Ridge average. That’s common for a home built in 2007 in a more established subdivision, where lots were subdivided later. The yard is manageable, not expansive.
4. Why is this house ranked so high for year built in the neighbourhood?
The home was built in 2007, which makes it one of the newest properties in Whyte Ridge—ranked 3rd out of 2,382 homes. Most homes in this area were built in the mid-1990s or earlier. So if you want modern construction without buying new, this is a strong option.
5. Does the lot size affect resale value?
It can, but not dramatically. In this neighbourhood, larger lots are more common and do tend to command a premium. However, the home’s larger living area and newer build offset that somewhat. Buyers who value indoor space over outdoor space will still see good value here. It’s worth considering your own priorities rather than assuming a small lot is a drawback.