115 Cloverwood Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,482 sqft home built in 2001 on a 4,394 sqft lot in Whyte Ridge, Winnipeg. Its standout feature is assessed value: at $526,000, it ranks 1st out of 52 homes on the same street (top 2%). The living area is around average for the street and neighborhood, but slightly above the citywide median. The land area is above average on the street but notably smaller than the neighborhood norm—a point worth considering if you value yard space over location.
The appeal here is less about square footage and more about relative value concentration. You’re buying into a street where this property sits at the top end of assessments, which may reflect finishes, condition, or curb appeal not captured in basic stats. The home is newer than most in the surrounding area (top 14% neighborhood, top 17% citywide) and newer than the typical Winnipeg home by about 35 years.
This property would suit a buyer who prioritizes a well-maintained, modern home within an established neighborhood, and who sees long-term stability in owning a top-ranked property on a specific street. It may be less ideal for someone seeking a large lot or maximum living space for the price, as both are average-to-below-average relative to the broader area.
Frequently Asked Questions
1. Why is the assessed value so much higher than other homes on the same street?
Street-level data shows the average assessed value on Cloverwood Road is $478k, while this property is $526k. That gap likely comes from specific upgrades, a better interior condition, or a premium lot position within the street. Assessment data doesn’t break down the reasons, but a top-2% ranking suggests it stands out noticeably from immediate neighbors.
2. How does the land area compare to other homes in Whyte Ridge?
The lot is 4,394 sqft, which is below the neighborhood average of 6,175 sqft—ranking in the bottom 9% locally. On the street itself, it’s above average (top 23%), meaning properties on Cloverwood Road tend to have smaller lots than the wider Whyte Ridge area. If yard size matters, you’ll want to confirm whether the existing outdoor space meets your needs.
3. Is this a good investment relative to other homes in Winnipeg?
From a citywide perspective, the assessed value ranks in the top 16%, while the living area ranks in the top 32%. That means you’re getting above-average value per square foot compared to the city median. However, investment performance depends on future market trends and how this property’s relative ranking holds over time—past data alone doesn’t guarantee appreciation.
4. What does “top 44%” for living area on the street actually mean?
It means the home is slightly above the midpoint for living area on Cloverwood Road. With 1,482 sqft, it’s about 100 sqft larger than the street average (1,381 sqft), but not dramatically so. For most buyers, this translates to a comfortable, average-sized home for the street—nothing unusually small or large.
5. Should I be concerned that the land area is “below average” in the neighborhood?
It depends on your priorities. If you want a large backyard or room for additions, the smaller lot could be a limitation. But smaller lots often mean less maintenance and can come with a lower purchase price relative to larger properties nearby. The trade-off is that you’re on a street where homes are priced higher than the neighborhood average, so you’re paying a premium for the house itself, not the land.