122 Royal Oak Drive – Property Summary
Key Characteristics & Ideal Buyer Profile
This 1996-built home on Royal Oak Drive in Whyte Ridge offers 1,270 square feet of living space on a 4,704-square-foot lot. Its assessed value sits at $482,000.
The property performs well on its own street: it ranks 6th out of 43 homes for assessed value (top 14%) and 12th for living area (top 28%). The year built is also newer than most neighbours, ranking 7th. However, when compared to the broader Whyte Ridge neighbourhood, the home falls below average—both in assessed value (top 75%) and living area (top 80%), suggesting it’s a more modest option in a higher-value area. Citywide, it sits around average for living space and land size, but well above average for assessed value (top 23%) and construction year (top 19%).
What stands out: This is a well-positioned home on a good street, but it’s not the largest or most valuable property in the neighbourhood. Buyers get a newer build than much of Winnipeg’s housing stock, and the assessed value suggests solid equity relative to citywide norms. The trade-off is a below-average lot size compared to both the street and neighbourhood—something a buyer who prioritizes a modern floor plan over a large yard will appreciate.
Who it suits: First-time buyers or young families looking for a move-in-ready home in an established suburban neighbourhood. Also suits buyers who want a newer home without paying a premium for the largest lot or highest square footage on the block. Less suited to someone seeking a big yard or maximum square footage for the price.
Frequently Asked Questions
1. How does the assessed value compare to similar homes in Whyte Ridge?
It's below the neighbourhood average of $529,600, which is consistent with the home having less living space and a smaller lot than many nearby properties. On its own street, however, it ranks above average.
2. Why is the land area ranked so much lower than the living area?
The lot is 4,704 square feet—smaller than most homes on Royal Oak Drive and in Whyte Ridge generally. The home itself is slightly larger than average for the street, so the living space is a relative strength while the lot is a relative weakness.
3. Is the year built a meaningful advantage?
Yes, citywide. The average Winnipeg home was built in 1966, so this property is about 30 years newer than much of the city’s housing stock. Within Whyte Ridge (average 1994) and on Royal Oak Drive (average 1995), the advantage is marginal—but still among the newer homes on the street.
4. What does the top 23% citywide assessed value ranking actually mean?
It means this home is valued higher than roughly 77% of all comparable properties across Winnipeg. This doesn’t necessarily mean the home is luxurious—it reflects the overall strength of the Whyte Ridge market compared to other parts of the city.
5. Is this a good property for someone planning renovations or additions?
The smaller lot could limit expansion options, especially if you're considering a large addition or garage. For interior renovations or updates to the existing footprint, there are no obvious constraints beyond the standard permitting process.