103 Monticello Road – Property Summary
Key Characteristics & Buyer Suitability
This is a 1990-built, 1,217-square-foot home on a 5,161-square-foot lot in the Whyte Ridge neighbourhood of Winnipeg. Its current assessed value is $474,000.
The property’s appeal is mixed and very context-dependent. On its own street and within Whyte Ridge, the home is smaller and sits on a smaller lot than most neighbours. It ranks in the bottom quartile for living area on Monticello Road and the bottom 10% for land area. This means it’s one of the more compact homes in a street of generally larger properties—something that could work well for buyers who want the location without paying for maximum square footage.
Where the property stands out is at the citywide level. Its assessed value ($474k) ranks in the top 24% across Winnipeg, and its year built (1990) ranks in the top 22%, meaning it’s newer than the vast majority of city homes. The living area is essentially on par with the city average, despite being small for its immediate area. So the trade-off is clear: you’re in a solid suburban neighbourhood with a well-aged home (not old, not brand new), but you’re not getting premium lot size or interior space relative to the immediate neighbours.
Who it suits: This home is a strong fit for buyers who prioritize a stable, established neighbourhood (Whyte Ridge) and a reasonably modern home, but don't need a large lot or sprawling interiors—perhaps downsizers, couples, or small families. It may also appeal to value-conscious buyers who recognize that the assessed value is moderate for the street but strong for the city, suggesting relative affordability within the immediate area compared to direct neighbours.
Five Possible FAQs
1. How does this home compare to others on Monticello Road?
It’s on the smaller side—both inside and out. The average living area on the street is 1,578 sqft; this home is 1,217 sqft. Average lot size is 5,643 sqft; here it's 5,161 sqft. Assessed value is also slightly below the street average of $506k. So you’d be one of the more compact homes on the block.
2. Is the assessed value low for the neighbourhood?
Yes, relative to Whyte Ridge. The neighbourhood average assessed value is $529,600, and this home is $474,000—a gap of about $55k. But citywide, $474k is considered above average (top 24%). So it’s modest for Whyte Ridge but high for Winnipeg overall.
3. Was the home built in a good era?
1990 is a solid middle ground. It’s newer than most Winnipeg homes (the city average year built is 1966) but not brand-new. On the street, it’s average—most neighbours are from the same period. It avoids the maintenance headaches of pre-1980s construction without commanding a premium for recent build.
4. Why is the lot size ranked so low on the street but average citywide?
Monticello Road has some of the larger lots in Whyte Ridge—the average is 5,643 sqft, and this lot is almost 500 sqft smaller. It ranks 54th out of 56 homes on the street. Citywide, however, most lots are around 6,500 sqft, so 5,161 sqft is actually quite typical for Winnipeg.
5. How does the living area compare to the rest of Whyte Ridge?
It’s below average. Whyte Ridge homes average 1,666 sqft, so this home is about 450 sqft smaller. It ranks in the bottom 10% of neighbourhood properties for size. If you’re used to large suburban floor plans, this will feel compact. If you’re coming from a smaller city home, it’ll feel familiar.