111 Southbend Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,795 sqft home built in 1989, sitting on a 9,378 sqft lot in Winnipeg’s Whyte Ridge neighbourhood. The living area is slightly above average for the street and neighbourhood, and clearly above the citywide average for comparable homes. The assessed value of $506,000 is around the middle of the pack locally, but ranks well above average across Winnipeg. The standout feature is the land: this lot ranks in the top 5% on Southbend Crescent, top 8% in the neighbourhood, and top 8% citywide.
The appeal here isn't flash—it’s substance. You’re getting a home with solid, not exceptional, interior space, paired with a lot that’s significantly larger than most nearby properties. That combination often appeals to buyers who plan to renovate, expand, or simply value outdoor space and privacy. It’s also a home from the late '80s, which generally means more established construction and mature landscaping compared to newer infill builds.
This property would suit a buyer who prioritizes lot size over a turnkey interior. Someone looking to add square footage, build a shop or garage, or create a substantial backyard for kids or gardening would find this worthwhile. It’s also a reasonable fit for someone who wants a home in a well-ranked citywide value position ($506K vs. a $390K city average) without stretching into the higher prices of newer subdivisions.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It’s right around the street average ($508.7K) and slightly below the neighbourhood average ($529.6K). Citywide, it’s in the top 19% of comparable homes. So you’re paying a fair market price for the area, but getting above-average land value.
2. Is this a good property for renovation or expansion?
Yes—mainly because of the lot. At nearly 9,400 sqft, there’s room to add square footage, build a detached garage, or reconfigure the yard. The existing house is 1,795 sqft, which is workable but not oversized for the lot, leaving flexibility.
3. What’s the typical buyer for a home like this?
Often families or individuals who plan to stay long-term and want room to grow. It also attracts buyers who prefer an established neighbourhood with mature trees and larger lots over newer, denser subdivisions.
4. How does the year built affect maintenance or upgrades?
Built in 1989, the home is now over 30 years old. Roof, windows, HVAC, and major systems may be original or nearing replacement. The upside is that the house is old enough to have settled well, but new enough to avoid the structural or material issues common in much older homes.
5. How does the land size compare to newer homes in Whyte Ridge?
Significantly larger. The neighbourhood average lot is around 6,175 sqft, and this lot is 9,378 sqft—roughly 50% bigger. Newer builds in the area tend to sit on smaller lots, so this is a notable advantage if outdoor space matters to you.