11 Portwood Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,871 sqft home built in 1991 on a 5,275 sqft lot in Whyte Ridge, Winnipeg. What stands out most is the living space: it's significantly larger than the citywide average for comparable homes (top 15%), and above average within the neighbourhood (top 28%). On its own street, though, it sits closer to the middle of the pack.
The assessed value of $507,000 is below the street average but still well above the citywide median. This suggests the property offers more square footage per dollar than some newer or higher-valued neighbours nearby. The lot size is modest for the area—below average on the street—so the appeal isn't land, but interior room.
This home suits buyers who prioritize living space over yard size, and who want a home built in the early 1990s (a vintage that's newer than Winnipeg's citywide average, but not the newest on the block). It's a practical fit for families or anyone who needs extra square footage without paying a premium for a larger lot or a more recent construction year. The neighbourhood comparison shows solid value: you're getting more house than most nearby options, at a price that reflects the trade-offs in land and age.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
On this street, the $507k assessment is below the average of $533.6k. But citywide, it ranks in the top 19%—so it's a higher-value home relative to most of Winnipeg, even if it's priced conservatively within its immediate area.
2. Is the lot size a drawback for this property?
It depends on your needs. At 5,275 sqft, the lot is below the street average (6,401 sqft) and sits in the bottom half citywide. If a large yard for gardening, play structures, or expansion is important, this lot may feel tight. But for buyers who want less outdoor maintenance and more interior space, it's a reasonable trade-off.
3. How does the year built affect the home's condition or resale value?
Built in 1991, this home is newer than Winnipeg's average (1966), but older than most on Portwood Road (average 1993). That means it may have some updates needed compared to newer builds, but it's also past the initial depreciation curve of a brand-new house. Buyers should check for updates to systems like roofing, windows, and HVAC.
4. What's the neighbourhood like for families or commuters?
Whyte Ridge is a well-established suburban area in southwest Winnipeg. It's known for schools, parks, and easy access to the Perimeter Highway. The home's location within the neighbourhood is near the middle in terms of value and size, so it's not a standout—but it's consistent with what most local buyers expect.
5. How does this property compare to others I might consider in Winnipeg?
Citywide, this home outperforms 85% of comparable homes in living area and ranks in the top 19% for assessed value. If you're looking at homes across the city, this one offers above-average space without being in the top tier of price. For buyers focused on square footage per dollar, it's a strong candidate—especially compared to newer, smaller homes in pricier neighbourhoods.