15 Tolcross Gate

15 Tolcross Gate – Property Summary

Key Characteristics & Buyer Profile

This 1,238 sqft home, built in 1990, sits on a 4,200 sqft lot in Winnipeg’s Whyte Ridge neighbourhood. Its strongest asset is its assessed value relative to the city: it ranks in the top 22% citywide, above the average of $390K, yet sits below the Whyte Ridge neighborhood average of $529.6K. That gap is worth noting—the home is valued competitively for its immediate area, likely reflecting its smaller-than-average lot and living space compared to neighbours.

The living area is around average for its street and citywide, but well below the Whyte Ridge average (1,666 sqft). The land is similarly undersized for the neighbourhood, ranking in the bottom 7% locally. In short, this property offers a solid entry point into a desirable area without paying a premium for maximum square footage or yard space.

Appeal lies in value and location trade-offs. You get a well-positioned home in a strong citywide value tier, on a street where it ranks above average in assessed value (top 12%). It suits buyers who prioritize being in Whyte Ridge but don’t need the largest house or lot—perhaps first-time homeowners, downsizers, or investors looking for an asset with below-neighbourhood pricing but above-average street-level positioning.

Frequently Asked Questions

1. Why is the assessed value above average citywide but below average in the neighbourhood?
The home is priced well for whyte ridge—where larger homes and lots push averages higher—but still ranks well against all Winnipeg homes. This reflects the neighbourhood’s overall higher price tier, not a weakness in the property itself.

2. How does the smaller lot impact usability or resale?
At 4,200 sqft, the lot is compact by Whyte Ridge standards. That may limit expansion potential or large gardens, but also means lower maintenance. For resale, the smaller lot could appeal to buyers wanting a manageable yard in a good area, though it may not suit families seeking more outdoor space.

3. Is the 1990 build date a concern?
Homes from 1990 are generally well-constructed, with modern enough systems (wiring, plumbing) to avoid major retrofit issues. The home is newer than the citywide median (1966) and roughly average for the street, but slightly older than the neighbourhood average (1994). It’s a stable age—not a fixer-upper, not brand-new.

4. How does this home compare to others currently for sale on Tolcross Gate?
It ranks 5th out of 41 comparable homes on the street for assessed value (top 12%), with living area and lot size near the middle of the pack. That suggests it offers good value relative to immediate neighbours—you’re paying less than many nearby homes with comparable specs.

5. Who would this property not suit?
Buyers looking for a large yard, generous living space, or a recently built home may feel cramped or underwhelmed. It’s best for those who see the trade-off—smaller footprint in exchange for access to a higher-value neighbourhood at a relatively accessible price point.