18 St Albans Road – Property Summary
Key Characteristics & Buyer Profile
This is a 2004-built home in Winnipeg’s Whyte Ridge neighbourhood with 2,065 square feet of living space on a 4,595-square-foot lot. Its assessed value is $573,000.
The property’s standout feature is its construction year. Built in 2004, it ranks #1 on its street for newness and within the top 5% of the neighbourhood—meaning most nearby homes are older, often by a decade or more. The living area is generous: above average at every level, from street to citywide, where it lands in the top 9% of comparable homes. The assessed value reflects this, sitting in the top 10% citywide at $573,000.
However, the land area is notably smaller than typical for the area. On St Albans Road, it ranks in the bottom 15% (top 85%) for lot size, and in Whyte Ridge, it’s in the bottom 16%. This is the main trade-off: you get a newer, larger house on a smaller piece of land than most neighbours.
Where the appeal lies: This property suits buyers who prioritize modern construction, energy efficiency, and a well-finished interior over outdoor space or a sprawling yard. It is ideal for someone who wants a turnkey home in an established neighbourhood without the maintenance or layout compromises of an older house. The smaller lot also means less yard work—a quiet advantage for busy professionals, downsizers, or families who want the house without the garden upkeep. It would be less suited to buyers seeking a large private yard, room for additions, or a lot that matches the neighbourhood’s older, more spacious standard.
Frequently Asked Questions
1. How does the smaller lot affect the property’s value or resale potential?
The smaller land area is already reflected in the assessed value, which remains strong for the home’s size and age. For resale, it may narrow the buyer pool slightly—some will prefer a larger lot common in Whyte Ridge. But the newer construction and larger living area tend to attract buyers who value the house itself more than the yard, which helps maintain the price.
2. What’s the neighbourhood like in terms of age of homes and general feel?
Whyte Ridge was primarily developed in the 1990s, so most homes are 25–35 years old. This house is among the newest in the area, built in 2004, which is unusual for the street. The neighbourhood itself is established, with mature trees and a mix of families and long-term residents. It’s not a brand-new suburb, but not an older inner-city area either.
3. How does the assessed value compare to similar homes in the area?
The $573,000 assessment is above the neighbourhood average of $529,600 and well above the citywide average of $390,100 for comparable homes. On this street, it’s slightly above the average of $562,300. The premium is mostly driven by the larger living area and newer build, not the land.
4. Is the living area number of 2,065 sqft finished or total floor space?
The figure given is living area, which typically means finished, above-grade space. It does not include unfinished basements, garages, or decks. If the basement is finished, that would add to the total usable space but is not part of this number.
5. What does “comparable homes” mean in these rankings?
The rankings compare this property to other single-family homes within the same street, neighbourhood, and city. The averages (like 1,889 sqft on this street) are median benchmarks for that peer group. The percentiles show how this home stacks up—e.g., top 9% citywide means it’s larger than 91% of similar homes in Winnipeg.