16 Portwood Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1992-built home in Whyte Ridge, with a living area of 1,593 sqft on a 6,194 sqft lot. Its assessed value is $554,000.
The property sits squarely in the middle of its street and neighbourhood for size and lot—neither oversized nor cramped. What sets it apart is its value relative to the rest of Winnipeg: it ranks in the top 26% citywide for living area and top 12% for assessed value. In other words, you’re getting a home that’s noticeably larger and more valuable than the typical Winnipeg house, without paying a premium that pushes it far above its own street or neighbourhood averages. It’s also newer than most homes in the city (top 21%), though typical for Whyte Ridge.
The appeal here is balance. The home isn’t the biggest or newest on its block, but it’s solidly above average where it counts—citywide. That makes it a good fit for buyers who want a well-sized, reasonably modern home in an established suburban neighbourhood, without chasing a top-of-market property. It would suit families or professionals who plan to stay put for a while and value consistent quality over flash. Less obviously, it might also appeal to someone who prefers a home that won’t stand out too much on its street (for privacy or resale predictability) but still outperforms the wider market.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It’s close to the average for both Portwood Road (1,794 sqft) and Whyte Ridge (1,666 sqft). Citywide, it’s well above the average of 1,342 sqft.
2. Is the assessed value in line with the neighbourhood?
Yes. It’s slightly above the street average ($534,000) and the neighbourhood average ($530,000), but the gap is modest. The more notable difference is versus the city average ($390,000).
3. How old is the house, and is that typical for the area?
Built in 1992, it’s a year older than the street average (1993) and two years older than the Whyte Ridge average (1994). Citywide, it’s much newer than the average home (1966).
4. What’s the lot like compared to other properties?
At 6,194 sqft, it’s close to the average for the street (6,401 sqft) and neighbourhood (6,175 sqft). It’s slightly below the citywide average (6,570 sqft), but only marginally.
5. Would this property be a good investment?
That depends on your goals. Its assessed value ranks high citywide, but it’s not an outlier on its street or in Whyte Ridge—meaning it’s likely priced in line with local expectations. For someone looking for a home that holds value without being overexposed to market swings, this could be a steady choice.