123 Fleetwood Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1992-built, 2,497 sqft home on a 5,274 sqft lot in Whyte Ridge, Winnipeg. Its standout feature is living space: it ranks in the top 4% on its street, top 2% in the neighbourhood, and top 3% citywide. That’s an unusual amount of square footage relative to nearby homes, making the interior feel generous compared to what you’d typically expect in this area.
The assessed value of $614,000 is above average at every geographic level—street, neighbourhood, and city—but not dramatically so relative to the neighbourhood average of $529,600. The lot size is about average for the street and slightly below average for the neighbourhood. Interestingly, the home is older than much of the street (average year built on Fleetwood is 1995), but it’s still well within the typical range for the area. Citywide, it’s notably newer than the average Winnipeg home (1966), which reflects the suburb’s development timeline.
The appeal here is straightforward: a large, solidly built home in a stable, established suburb, with living space that punches above its weight compared to its immediate neighbours. It’s not a fixer-upper or a premium corner lot—it’s a comfortable family home where the main selling point is interior size. Typical buyers would be families or professionals looking for space without moving into a newer, more expensive subdivision. Someone prioritizing a big kitchen, multiple living areas, or room for a home office would find this property compelling, while someone seeking a large yard or a brand-new build might look elsewhere.
Five Possible FAQs
1. Why is the assessed value high compared to the neighbourhood average, but the lot is average-sized?
The value is driven by the living area, not the land. This home has roughly 800 sqft more interior space than the median home on its street. In a neighbourhood where most homes are similar in age and lot size, extra square footage adds real value. The lot itself isn’t oversized, so the value you’re paying for is primarily interior volume—a good trade-off if you don’t need a massive yard.
2. The year built is 1992. Is that considered old for Whyte Ridge?
Not really. The neighbourhood average is 1994, so this home is just a few years shy of the median. Many homes in Whyte Ridge were built in the late 80s and early 90s. Citywide, a 1992 home is relatively young—more than 25 years newer than the Winnipeg average. The bigger consideration is maintenance: a 1992 build will likely need roof, furnace, or window updates sooner than a 2000s home, but it’s not an old house by any stretch.
3. How does this home compare to others on Fleetwood Road specifically?
Fleetwood Road itself is a strong street. This home ranks #2 out of 52 for living area and #3 for assessed value. That means it’s one of the largest and highest-valued homes on the street. The trade-off is that it’s also one of the older homes on Fleetwood (ranked #30), though the age difference is small—most homes on the street were built between 1992 and 1998. Buyers who want the largest interior possible on this street will gravitate here.
4. Is a 5,274 sqft lot small for a family home?
It’s average for the street (5,940 sqft average) but below average for the neighbourhood (6,175 sqft) and city (6,570 sqft). That means the yard is typical for immediate neighbours, but if you park on the street or have kids who play in the backyard, you won’t have excess room. It’s a functional lot for a family, not a sprawling one. If you want a large garden or space for an oversized shed, you’d need to look at homes on bigger lots elsewhere.
5. How does the ranking system work—should I trust those “Top 2%” numbers?
The rankings compare this property to “comparable homes” (likely detached single-family residences) at three levels: street, neighbourhood, and city. The “Top 2%” for neighbourhood living area means that out of 2,382 comparable homes in Whyte Ridge, only 53 have more square footage. It’s a useful relative measure, but remember that “neighbourhood” boundaries can be arbitrary, and the ranking doesn’t account for layout, condition, or renovations. It’s a reliable way to see how this home stacks up by size and value, but it’s not a substitute for a home tour.