110 Georgetown Drive – Property Summary
Key Characteristics, Appeal, and Ideal Buyer
This home at 110 Georgetown Drive in Winnipeg delivers an unusual profile: a large, newer residence that sits in an elite neighbourhood but on a lot that's a bit below average for the street. Living area is the standout feature — at 2,433 square feet, it ranks in the top 3% citywide and top 3% within Whyte Ridge. The home was built in 2002, placing it among the newest 4% of houses on Georgetown Drive and well above the neighbourhood median of 1994. Assessed value sits at $626,000, which is above average for Whyte Ridge (top 7%) and citywide (top 6%), but notably lower than the street average of $726,200. The land is its most modest dimension: 5,744 square feet ranks in the bottom 15% on this street and is only around average for the neighbourhood and city.
The appeal is clear for buyers who prioritize interior space and a modern build over a sprawling yard or prestige street address. You get a lot of house for the money relative to the street, because the larger lots on Georgetown Drive tend to push assessed values higher. This makes the property especially attractive for families who want a newer, generously sized home in a desirable neighbourhood without paying the premium commanded by a big lot. It would also suit someone downsizing from an older, larger property who still wants ample square footage but doesn't want to maintain a huge yard. The flip side: anyone who values a private, expansive outdoor space or wants to match the typical lot size of the street may find this one feels slightly tighter than neighbours.
Five Frequently Asked Questions
1. How does this home's assessed value compare to its neighbours' actual sale prices?
Assessed value is a lagging indicator and often conservative in markets that have appreciated quickly. The home's assessment of $626,000 is significantly below the Georgetown Drive average of $726,200. In a hot market, actual sale prices may exceed assessed value, but this gap also suggests the home could be priced on the lower end for the street if it sells near assessment.
2. Is the smaller lot size a disadvantage for resale?
It depends on the buyer pool. In Whyte Ridge, where the average lot is about 6,175 square feet, 5,744 isn't unusually small. But on Georgetown Drive, where lots average 7,694 square feet, you are noticeably below the street norm. That may limit appeal for buyers who expect a large yard in this area, but some buyers actively prefer less outdoor maintenance.
3. Why is the home ranked elite for living area but only around average for assessed value on the street?
Because assessed value factors in land size and location, not just square footage. The homes on Georgetown Drive with similar or larger living areas tend to sit on bigger lots, and land is a significant value driver. So while this home has more interior space than most, the smaller lot pulls its overall value down relative to street neighbours.
4. Is 2002 considered a desirable construction year in Winnipeg?
Generally yes. Homes from the early 2000s often have more modern layouts, better insulation, and updated mechanicals than older Winnipeg stock (city average year built is 1966). Being the third-newest home on Georgetown Drive also suggests it may have fewer deferred maintenance issues than older homes nearby.
5. Would this property appeal to an investor or a family more?
More likely a family. The combination of large living area, newer construction, and a manageable yard suits owner-occupiers well. For an investor, the assessed value relative to street averages might offer some upside, but rental yield in Whyte Ridge typically favours smaller, lower-priced homes with better land-to-value ratios.