19 Setterington Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 2004-built single-family home with 1,857 sq ft of living space on a 4,396 sq ft lot, located in the Whyte Ridge neighbourhood. The property stands out most clearly for its age and interior size relative to the wider market. It ranks among the newer homes in the area—top 5% in Whyte Ridge and top 15% citywide—which puts it well ahead of the typical local home built in the mid-90s and far above Winnipeg’s citywide average of 1966. The living area is also notably generous: top 30% within the neighbourhood and top 15% across the city, placing it above the local average of roughly 1,666 sq ft.
Its assessed value—$562,000—sits near the neighbourhood median, but that figure belies the value offered. The land is smaller than average for the street and community, which keeps the yard modest but also likely kept the purchase price more accessible than homes on larger lots in the same area. This is a house where you’re paying more for modern square footage and a newer build than for land, which can appeal to buyers who want space and efficiency over gardening or expansion potential.
The property would suit a family or professional couple who wants a move-in ready home in an established, family-oriented neighbourhood without the premium of a brand-new development. It also appeals to buyers who care about comparative resale strength—this home is newer and more spacious than most in the city, which may hold up well over time in a market where older, smaller homes are the norm. That said, someone hoping for a large lot or a private yard may find the land size underwhelming, especially compared to neighbours on the same street.
Frequently Asked Questions
1. How does this home compare to others on Setterington Bay?
It’s fairly average for the street in terms of size and assessed value—middle of the pack out of 36 homes. Where it really stands out is build year: it’s one of the newest, ranking third. The main trade-off is the lot, which is smaller than most on the street.
2. Is the smaller lot a concern for resale?
Not necessarily. Smaller lots are common in newer infill or more efficient subdivisions, and this property’s newer build and generous interior space are often prioritized over land by many buyers. In a neighbourhood like Whyte Ridge where yards tend to be larger, some buyers may specifically prefer less upkeep.
3. What’s the neighbourhood like?
Whyte Ridge is a well-established family area with schools, parks, and amenities within close reach. It’s not a new development, but homes here have held value steadily. The area’s average assessed value of $530,000 reflects solid market demand without the extremes of higher-end suburbs.
4. How are the property taxes based on the assessment?
The assessed value of $562,000 sits just above the neighbourhood average, so property taxes would be in the upper range for Whyte Ridge but still reasonable compared to newer communities or larger homes. Since the assessment is close to the local median, taxes should not be unusually high for a home of this size and age.
5. Would this work well as a first home or an investment?
It could serve both purposes, but it’s best suited to someone looking for a long-term primary residence. The strong citywide rankings for living space and build year suggest it will hold or grow in relative desirability. As a rental, the smaller lot and mid-range assessment don’t necessarily maximize land value, but a well-maintained, modern home in a stable area typically rents well.