93 Vineland Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,227 sqft home built in 1998 on a 4,613 sqft lot in Whyte Ridge, with an assessed value of $488,000. The numbers tell a clear story: the house is smaller and sits on less land than most of its neighbours on Vineland Crescent, but it holds its own when compared citywide. The lot is smaller than the street average (5,605 sqft) and the neighbourhood average (6,175 sqft), putting it in the bottom 17% locally. The living area is similarly below average for both the street and the area.
What stands out is the assessed value. Despite the smaller footprint, the home is valued above the citywide average ($390,100) and sits in the top 22% of all Winnipeg properties. This suggests the value comes from factors beyond sheer size—likely the 1998 build year (newer than 82% of citywide homes), the established Whyte Ridge location, and possibly interior finishes or layout that don't show up in square footage alone.
The appeal here is for buyers who prioritise location and condition over raw space. This isn't a house that will impress with sprawling rooms or a big backyard, but it offers a well‑positioned, reasonably modern home in a desirable neighbourhood without paying a premium for land you don't need. It would suit first‑time buyers, downsizers, or investors looking for a solid asset in a top‑tier area, especially those who value a newer build and lower maintenance over extra square footage.
Five Possible FAQs
1. Why is the assessed value relatively high when the house and lot are below average size?
Assessed value reflects market demand, not just dimensions. This home's 1998 build year places it among the newer 18% of Winnipeg homes. Combined with Whyte Ridge's strong local reputation and possibly updated interiors, the market has priced it above what size alone would suggest. Smaller, newer homes in good areas often hold value better than larger, older ones.
2. How does this home compare to others on Vineland Crescent specifically?
It ranks near the bottom for living area (107th out of 111) and land size (92nd out of 111). It's also below average in assessed value on the street (104th out of 111). So it's one of the smaller, less expensive options on the block, which could mean a lower entry point into the street.
3. Is the smaller lot a drawback for resale later?
It depends on the buyer pool. Families wanting gardens, sheds, or room for kids to play may pass. But for couples, singles, or empty nesters, a smaller lot means less yard work and lower upkeep costs. In a neighbourhood like Whyte Ridge where larger lots dominate, this home could appeal to a specific niche that values efficiency over acreage.
4. What exactly does “citywide top 48% for living area” mean in practical terms?
It means this home is right around the middle for living space across all Winnipeg homes—it's not unusually small, it's average. The perception of it being “small” only emerges when compared to the larger homes on its own street and in its neighbourhood. For a buyer coming from a downtown condo or an older bungalow, 1,227 sqft may feel perfectly comfortable.
5. Does the 1998 build year mean any specific maintenance concerns?
Homes built in the late 1990s are generally approaching 25–30 years old. Key items to check would include the roof (likely original or replaced once), windows, furnace, and water heater. The good news is that materials and construction standards from that era tend to be more consistent than homes from the 1960s–80s. A pre‑purchase inspection focused on these systems would be wise.