94 Tolcross Gate – Property Summary
Key Characteristics & Appeal
This property is a 1992 home with 1,158 square feet of living space on a 5,047-square-foot lot. It sits in the Whyte Ridge neighbourhood of Winnipeg.
The most notable feature is the year built. On its street, it is the newest home—ranked #1 out of 41. Citywide, it’s newer than 79% of comparable homes. That is a meaningful advantage in a market where many homes are older, often requiring immediate updates or maintenance. For a buyer, this means fewer major systems (roof, furnace, windows) are likely to need replacement soon.
The assessed value tells a more complex story. At $458,000, it sits just below the street average but well below the neighbourhood average of $529,600. Citywide, however, it ranks in the top 27%—above the average of $390,100. This suggests the property is priced at a relative discount within Whyte Ridge, likely because its living area and lot size are smaller than the typical home in that area. The living space is below average on the street and in the neighbourhood, but it lines up closely with the citywide average.
The lot is larger than average on the street (top 10%) but smaller than many in Whyte Ridge. It offers more outdoor space than immediate neighbours without being oversized or difficult to maintain.
Who it would suit: A buyer who wants a newer, move-in-ready home without paying a premium for a larger footprint. It is well-suited for first-time homeowners, downsizers, or anyone who values a more modern structure over extra square footage. It is less ideal for someone who needs significant living space or a large yard, or who compares it directly to other Whyte Ridge properties on size alone.
FAQs
1. How does this home compare to others in Whyte Ridge?
It is newer and priced lower than most homes in the area, but it also has less living space and a smaller lot. You would get a newer build for a lower price than the neighbourhood average, but you trade off interior and yard size.
2. Is the assessed value a reliable guide to market price?
It provides a useful benchmark. The property is assessed below the street and neighbourhood averages, which reflects its smaller size. But it is assessed above the citywide average for comparable homes, which is partly due to its newer construction. Actual market price will depend on what buyers in Whyte Ridge are willing to pay for a newer home with less space.
3. Why is the living area smaller than the neighbourhood average?
This home was built in 1992 in an area where many homes were built around the same time or slightly later, often with larger floor plans. The neighbourhood average for living area is 1,666 square feet, while this home is 1,158 square feet. That gap is typical when an older or smaller infill-style home sits among more expansive family homes.
4. What does "Top 2%" for year built on the street mean?
It means this is the newest home on Tolcross Gate. No other home on the street is newer. That can be a strong selling point for resale, as buyers often prefer homes that require fewer immediate updates.
5. How does the lot size affect usability?
The lot is larger than most on the street (5,047 sqft vs. 4,470 sqft average) but smaller than the typical Whyte Ridge lot (6,175 sqft average). It offers enough space for a garden, a play set, or a small shed, but it is not a sprawling yard. It is a practical size for low-maintenance outdoor living.