101 Portwood Road — Property Summary

Key Characteristics & Buyer Profile

This 1,747 sqft single-family home built in 1992 sits on a 5,375 sqft lot in the Whyte Ridge neighbourhood of Winnipeg. The property is solidly middle-of-the-pack within its own street and neighbourhood, but stands out noticeably when compared citywide.

The main appeal lies in value relative to space. At an assessed value of $502,000, the home offers above-average living area and a relatively newer build compared to Winnipeg’s older housing stock (citywide median year built is 1966). Its land area is essentially average across the city, so you’re not paying a premium for a large yard. On the street itself, however, the assessed value ranks lower than most neighbours, suggesting either a more modest finish level or a slightly smaller lot than the street average of 6,401 sqft. This creates a potential opportunity: the home is one of the more affordable options on a street where prices trend higher.

This property would best suit a buyer who wants a reasonably modern home in an established suburban neighbourhood without paying for top-tier finishes or a premium lot. It’s less suited for someone seeking land size or a showpiece interior on a street of higher-valued homes. The home performs strongest against citywide benchmarks, so it offers good relative value for someone moving from elsewhere in Winnipeg or from a more expensive market. Buyers comparing within Whyte Ridge should expect an average-to-slightly-below-average home on both size and value metrics. One less obvious angle: because the house ranks near the top of its street for newer construction but in the bottom third for value, the seller may be pricing closer to replacement cost than comparable sales—worth investigating if recent upgrades have been made.

Five Frequently Asked Questions

1. How does this home compare to others in Whyte Ridge?
On the street, it ranks 22nd out of 43 homes for living area (top 51%) and 34th out of 43 for assessed value (top 79%). Within the broader Whyte Ridge neighbourhood, it sits around average for living area and assessed value—neither a standout nor a below-average comp. The home is slightly newer than the neighbourhood average of 1994.

2. Is the assessed value a reliable guide to market value?
Assessed values reflect a standardized estimate as of a specific date and can lag conditions. In this case, the home's citywide rank for assessed value (top 19%) is nearly identical to its rank for living area (top 19%), which suggests the assessment is reasonably aligned with physical size. However, street-level ranking (top 79%) indicates it may be under-valued relative to immediate neighbours, so actual sale price could differ depending on interior condition and recent updates.

3. How does the lot size affect usability?
At 5,375 sqft, the lot is slightly below the street average (6,401 sqft) and the citywide average (6,570 sqft). It ranks in the bottom half on its street. For most suburban needs—a backyard, garden, or play space—it’s still functional, but buyers looking for a large yard or future expansion potential may find it limiting compared to nearby homes.

4. What are the most notable differences between this home and the citywide average?
The home is significantly newer (1992 vs. 1966 citywide), has about 30% more living area than the typical Winnipeg home (1,747 vs. 1,342 sqft), and its assessed value is 29% higher than the citywide median ($502k vs. $390k). These figures highlight that this is a newer, larger home by local standards.

5. How should I interpret the ranking tiers (red, blue, amber, gray)?
The rankings use color to indicate performance: red typically means top quartile (strong), blue above average, amber around average, and gray below average within that comparison group. For this property, citywide rankings are strong (top 19% for living area and value), while street and neighbourhood rankings lean amber and gray—meaning it looks better compared to the whole city than to its immediate neighbours.