147 Southbend Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,293 sqft home built in 1989 on a 5,063 sqft lot in Winnipeg’s Whyte Ridge neighbourhood. Its assessed value is $485,000.
What stands out: The home is older than much of the surrounding neighbourhood (top 22% on the street for year built), but the lot is notably small—it ranks in the bottom 4% on Southbend Crescent for land area. Living space is also below the street and neighbourhood average, though it’s close to the citywide median. The assessed value, however, outperforms most of the city (top 22%), suggesting the property carries above-average value per square foot relative to other Winnipeg homes. In other words, you’re paying a premium for the location and the house itself, not the land.
Who it suits: Buyers who want a solid, moderately sized home in an established neighbourhood without wanting to maintain a large yard. It may appeal to those who prioritize being in Whyte Ridge (a desirable area) over having a big lot or the newest finishes. Less suited for someone looking for a fixer-upper on a large plot, or for families who need significant indoor or outdoor space.
Frequently Asked Questions
1. How does this home compare to others on the same street?
On Southbend Crescent, it’s below average in living area (1,293 sqft vs. 1,572 avg), land area (5,063 sqft vs. 6,335 avg), and assessed value ($485K vs. $508.7K avg). But it’s among the newer homes on the street (tied with the average build year of 1989). So it’s competitive in age but smaller in both house and yard.
2. Is the assessed value realistic given the smaller lot?
The value is above average citywide but below the street and neighbourhood averages. That likely reflects the home’s condition, finishes, and location within Whyte Ridge, rather than the land size. A smaller lot can be an advantage for lower maintenance, but it may limit future resale potential if buyers in the area typically want more outdoor space.
3. Why is the lot size ranked so low if it’s only a bit smaller than average?
The ranking is relative to other homes on the same street. On Southbend Crescent, most lots are 6,000+ sqft, so a 5,063 sqft lot places near the bottom. However, citywide, it’s roughly average (top 53%). So it’s not a tiny lot by Winnipeg standards—just small for this specific street.
4. Is the living area too small for the neighbourhood?
It’s below the neighbourhood average of 1,666 sqft, but not drastically so. Many homes in Whyte Ridge are two-storey or split-level, while this may be a bungalow or compact design. It’s worth seeing the floor plan to judge layout efficiency—1,293 sqft can feel generous if well-designed, or tight if poorly arranged.
5. What should a buyer check beyond the stats?
Since the lot is small and the home is older (1989), look for signs of deferred maintenance—roof age, windows, HVAC, and foundation condition. Also consider whether the home has been updated or remains original. A well-maintained 1989 home can be more reliable than a newer one with rushed construction, but an outdated one may need significant investment. The neighbourhood map analysis (linked) would show how this property sits relative to nearby homes—worth a look before viewing.