19 Invermere Street – Property Summary
Key Characteristics & Buyer Profile
This 1987-built home on a 6,076 sqft lot offers an unusual combination: a modest living area paired with a top-tier assessed value. The 1,261 sqft floor plan ranks below average on its street and within the Whyte Ridge neighbourhood, but the assessed value of $565,000 ranks first on Invermere Street (top 2%) and well above both the neighbourhood and city averages. That gap between size and valuation suggests the property’s appeal lies not in square footage, but in land value, location, or recent upgrades not captured in the living-area metric.
The lot itself is above average for the street (top 18%) and roughly in line with the Whyte Ridge average, giving it more outdoor space than many nearby homes. The building age is older than the street and neighbourhood averages, which may matter to buyers looking for a home with established character or room for renovation.
This property would suit buyers who prioritize land or location over interior space—someone willing to work with a smaller footprint in exchange for a strong lot in a well-regarded area. It may also appeal to investors or homeowners planning an addition, given the site size and the premium the market is already placing on the property. First-time buyers should note that the assessed value is high relative to the living area, meaning property taxes will reflect that valuation.
Frequently Asked Questions
1. Why is the assessed value so high when the living area is below average?
Assessed value reflects the market's overall valuation of the property, including land, location, and any improvements. In this case, the lot size, street ranking, and neighbourhood desirability appear to be driving the value more than the square footage of the home. It’s not uncommon in established areas where land is scarce.
2. How does the 1987 build year compare to other homes in Whyte Ridge?
The average build year for comparable homes on this street is 1993, and in the neighbourhood it’s 1994, so this home is a bit older than most nearby. Citywide, however, the average is 1966—so it’s newer than the overall city stock. Buyers may want to check the condition of major systems (roof, furnace, windows) given the age.
3. Is the lot large enough for an addition or secondary suite?
At 6,076 sqft, the lot is above average for the street but slightly below the Whyte Ridge average of 6,175. Whether an addition is feasible depends on zoning, setbacks, and utility locations. A site visit and a call to the city’s planning department would clarify what’s possible. The lot size alone doesn't guarantee it.
4. How do property taxes compare to similar homes in the area?
Taxes are based on the assessed value. Since this home’s valuation ($565,000) is significantly above the street average ($494,200) and the neighbourhood average ($529,600), the tax bill will be higher than most comparable homes with similar square footage. Buyers should obtain an exact tax figure before making an offer.
5. What does the "elite" street ranking actually mean?
The ranking indicates this property has the highest assessed value on Invermere Street. It doesn’t mean the home is the largest or the newest—it simply means the market (through assessment) places it at the top of the street for overall value. That can be a double-edged sword: good for resale potential, but it may also push the property into a higher tax bracket relative to its physical size.