14 Saxon Bay – Property Summary
1. Overview & Buyer Profile
This 1,212 sqft single-family home sits on a 5,496 sqft lot in Whyte Ridge, built in 1988. Its key appeal lies in value and location relative to the wider market.
Key Characteristics:
- Living space is below average for its street and neighbourhood but very close to the citywide average for comparable homes. This means the interior is compact by local standards, not spacious.
- Lot size is also below average on its street and slightly below the city norm, but in line with many properties across Winnipeg. The land is modest, not expansive.
- Age is a notable strength: at 1988, it's newer than the citywide average (1966) and among the newer homes on its street (top 20%).
- Assessed value sits at $449,000. It’s low for Whyte Ridge but above the citywide average, reflecting the neighbourhood’s desirability while offering a lower entry point than many nearby homes.
Where its appeal lies:
The property is not a standout within Whyte Ridge, where homes tend to be larger, newer, and more expensive. Its real strength is in the broader city comparison. It offers a solid, well-located home at a price that beats the city average while being in a neighbourhood that commands a premium. Buyers effectively get access to Whyte Ridge’s amenities and reputation without paying top dollar for the largest or newest house.
Suitable buyers:
- First-time buyers or young families wanting a stable, established neighbourhood without stretching their budget.
- Downsizers who want a manageable lot and living space in a desirable area.
- Investors or buyers looking for a property with solid citywide fundamentals (age, assessed value) that may hold value better than very old or very small alternatives elsewhere.
2. Frequently Asked Questions
1. How does the living space compare to other homes in Whyte Ridge?
It’s notably smaller than most. The average living area in the neighbourhood is about 1,666 sqft, while this home is around 1,212 sqft. It ranks in the bottom 7% of the community by size.
2. Is the property considered old or new by local standards?
It’s older than the average home in Whyte Ridge (most were built in the mid-90s), but it’s newer than the city average. On its own street, it’s among the newer houses, as many were built in the same year.
3. Why is the assessed value above the city average but below the neighbourhood average?
The assessed value reflects both the home’s physical characteristics (size, age, lot) and its location. Whyte Ridge is a higher-demand area, so even a modest home there is worth more citywide. But within the neighbourhood, this home is smaller and on a smaller lot than most, so its value trails the local average.
4. What kind of outdoor space does the lot offer?
The lot is 5,496 sqft — close to the city median but smaller than the average in Whyte Ridge and on Saxon Bay. It’s a practical, manageable yard, not oversized. If you’re looking for a large garden or room for major additions, this lot will feel tight by neighbourhood standards.
5. How does this property stack up as an investment compared to others in Whyte Ridge?
Its value relative to the city suggests it’s not overpriced for the area. However, because it’s smaller and older than the neighbourhood norm, its appreciation may not track as closely with larger, newer homes in Whyte Ridge. That said, entry-level properties in high-demand areas often see steady demand, which can provide stable long-term value.