18 Hammersmith Road – Property Summary
Key Characteristics & Buyer Profile
This home offers a balanced profile with a few standout strengths. Built in 1988, it’s one of the oldest homes on Hammersmith Road—but that’s a plus for buyers who prefer an established neighborhood over a newer subdivision. The assessed value of $486,000 sits above the citywide average but below the Whyte Ridge neighborhood average, suggesting it’s priced reasonably for what it offers. The living area (1,217 sqft) and land area (5,418 sqft) are both close to street and city averages, meaning nothing extreme in either direction.
The main appeal is relative affordability within a desirable area. While the property ranks lower in the Whyte Ridge neighborhood in terms of size and value, it performs well citywide—especially on assessed value (top 22%) and year built (top 24%). That makes it a solid entry point for buyers who want to be in Whyte Ridge without paying a premium for a larger or newer home. It would suit first-time buyers or small families who prioritize location over square footage, as well as investors looking for a property with stable value in a well-established Winnipeg neighbourhood.
Five Possible FAQs
1. How does the property compare to others on the same street?
On Hammersmith Road, this home ranks well on assessed value (top 39%) and is the oldest by year built—but that’s actually the best on the street (top 3%), meaning it’s the earliest build. Living area and land area are around average for the street.
2. Is the neighbourhood (Whyte Ridge) more expensive than this property suggests?
Yes. The average assessed value in Whyte Ridge is $529,600, and the average living area is 1,666 sqft. This home falls below both those averages, so you’re getting into the area at a lower cost than typical homes nearby.
3. Why is the year built a highlight if it’s older than the neighbourhood average?
Because “older” here means 1988 versus a 1994 neighbourhood average—not a significant gap. And citywide, the home is newer than 76% of comparable properties. For buyers who prefer mature construction over brand-new builds, this is a plus.
4. What does “Top 22% citywide for assessed value” actually mean in practical terms?
It means the home’s assessed value is higher than roughly 78% of similar homes across Winnipeg. That suggests good value retention and could indicate solid resale potential, especially given the property’s lower-than-average neighbourhood price.
5. Is the land size small for the area?
Not really. The lot is 5,418 sqft, which is slightly below the Whyte Ridge average (6,175 sqft) but close to the street average (5,826 sqft). Citywide, it’s in the top 45%—so it’s not small, just average for its immediate surroundings.