Here is a summary of the property at 164 Vanderbilt Drive, organized into two main sections.
Key Characteristics & Appeal
This home is defined by an unusual combination of strengths. Its standout feature is size. At 2,778 square feet, it ranks in the top 1% of homes in the Whyte Ridge neighborhood and the top 2% city-wide in Winnipeg. This is a genuinely large house, offering significantly more living space than the average property in the area, which typically sits around 1,666 square feet. It’s also relatively new, built in 2004, placing it among the newest homes on Vanderbilt Drive.
However, the property sits on a smaller lot than many of its neighbours. The land area is 5,741 square feet, which is below average for both the street (7,833 sqft average) and the city. This creates a distinct trade-off: you get a large, modern interior on a more compact piece of land.
Where the appeal lies: The primary draw is getting a newer, spacious home in an established, high-value neighborhood like Whyte Ridge without paying a premium for a large yard. The assessed value of $681,000 is around average for the street but firmly in the top 4% of the neighborhood and city, reflecting the value placed on the house itself. This property isn't for someone looking for land; it’s for someone who prioritizes interior square footage, modern construction, and a prime location.
Who it would suit: This home is a strong fit for a buyer who wants a turnkey, move-in-ready house in a desirable area and is willing to accept a smaller, lower-maintenance lot in exchange for a much larger interior. It would work well for a family that needs space for everyone but doesn't want the upkeep of a sprawling property. It may also appeal to someone moving from a larger city where smaller lots are the norm, or to a buyer who sees long-term value in owning a top-tier home in a neighborhood where large new builds are scarce.
Frequently Asked Questions
1. How does the assessed value compare to similar new homes in the area?
The home’s $681,000 assessed value is slightly below the $723,600 average for homes on Vanderbilt Drive, meaning it's priced in line with older or smaller homes on that specific street. However, it ranks in the top 4% of the entire Whyte Ridge neighborhood, suggesting that for a home built in 2004 of this size, it is assessed competitively within the broader area. The value is tied to the house itself, not a premium lot.
2. Is the smaller lot size a drawback compared to other homes in Whyte Ridge?
It depends on your needs. The lot is smaller than the neighborhood average (5,741 vs. 6,175 sqft). While it ranks in the bottom half for land area on Vanderbilt Drive specifically, it is close to the average for Whyte Ridge as a whole. The trade-off is a larger house on a less demanding property. For buyers who want a big home without the work of a big yard, this is a feature, not a flaw.
3. Why is the property ranked so highly for living area but only average for land area?
This is the core profile of the home. It was built in 2004, which is newer than most of its neighbors (the street average is 1996). A common trend in newer construction is to maximize the home’s footprint on the lot. This house sacrifices yard space to achieve 2,778 square feet of living area, making it one of the largest interior spaces on the street but one of the smallest outdoor spaces.
4. How does this home compare to the typical "starter home" in Winnipeg?
It is nearly the opposite. The city-wide median living area is 1,342 square feet. This home is more than double that size, ranking in the top 2% of all homes in Winnipeg. It is designed for a buyer who is well beyond the starter stage and is looking for a permanent, spacious family home in a highly ranked neighborhood, not a first-time buyer property.
5. What does it mean when a ranking is marked "Elite"?
In this data set, "Elite" is the highest tier. The property achieves an "Elite" ranking for living area on the street, in the neighborhood, and city-wide. It also earns an "Elite" ranking for assessed value within Whyte Ridge and across Winnipeg. This means it outperforms the vast majority of comparable homes in these categories. The only area where it does not qualify as elite is land size, which is rated "Below Average" or "Around Average."