103 Royal Oak Drive – Property Summary
Key Characteristics & Buyer Fit
This 1,296 sqft home, built in 1994 on a 5,512 sqft lot, stands out most clearly on its own street. It ranks in the top 12% for living area and top 7% for assessed value on Royal Oak Drive, meaning it is one of the larger and more valuable homes there. The assessed value of $494,000 is well above the street average of $460,700 and sits comfortably above the citywide average of $390,100 as well.
However, context shifts at the wider neighbourhood level. In Whyte Ridge, the home is slightly below the neighbourhood average for both living area (1,296 sqft vs. 1,666 sqft) and assessed value ($494,000 vs. $529,600). This suggests the property is a strong value relative to its immediate neighbours but is smaller and more modestly priced than many homes in the broader area.
The year built is very typical for the street and neighbourhood, but significantly newer than the citywide average of 1966, which could appeal to buyers seeking a home that is not brand new but avoids the maintenance or layout issues common in older Winnipeg properties. The land area is generous for the street (top 23%) but sits near the midpoint for the neighbourhood and city overall—enough yard space to feel substantial without being oversized.
This property suits a buyer who prioritizes being a top-tier home on a solid, established street rather than competing in a higher-priced pocket of Whyte Ridge. It would appeal to someone who wants a newer-ish build with a slightly larger lot than neighbours, in a family-oriented area, and who sees the gap between street value and neighbourhood average as an opportunity for strong resale potential.
Possible FAQs
1. How does this home compare to others on Royal Oak Drive specifically?
It ranks very well: top 12% for living area, top 7% for assessed value, and top 23% for land area. Among the 43 comparable homes on the street, it is one of the larger and more valuable options.
2. Is this property considered small or large for the Whyte Ridge neighbourhood?
It is slightly smaller than average. The neighbourhood average for living area is about 1,666 sqft, so this home is around 370 sqft less. The assessed value is also about $35,000 below the neighbourhood average.
3. How old is the home, and how does that compare to typical Winnipeg homes?
Built in 1994, which is typical for Royal Oak Drive and Whyte Ridge. Citywide, the average home was built in 1966, so this property is significantly newer than most Winnipeg houses.
4. Is the land size standard for the area, or is it on a smaller lot?
The lot is 5,512 sqft, which is above average for the street but about 660 sqft smaller than the Whyte Ridge neighbourhood average. Citywide, it falls near the middle.
5. What does the “Top X%” ranking really mean for a buyer?
It compares this home to similar properties (by type, size, or age) within each boundary. A high rank on the street means you are buying one of the standout homes there. A lower rank in the wider neighbourhood simply means the surrounding homes tend to be larger or more expensive—it does not mean this property is lacking, just that the context is different.