2 Hammersmith Road – Property Summary
Key Characteristics & Buyer Profile
This 1,404 sqft home, built in 1987, sits on a notably large 7,265 sqft lot in Whyte Ridge, Winnipeg. Its standout feature is the land: it ranks in the top 8% on the street for lot size and top 18% within the neighborhood. The assessed value of $491,000 is above average for the street (top 25%) and well above the citywide median for comparable homes, reflecting the premium placed on the larger parcel.
The living area is around average for the street, but noticeably smaller than the typical Whyte Ridge home (which averages 1,666 sqft). The year built is older than much of the surrounding neighborhood—most area homes were built in the mid-1990s—but the house is newer than the citywide average. The house is essentially a solid, mid-range home on an unusually generous lot.
Where the appeal lies: The real value here is the land. Buyers who want outdoor space, room for additions, a garage workshop, or a garden will find this lot hard to beat at the price point. The house itself is functional and in a well-established, family-oriented area, but you're paying primarily for the property rather than the structure.
What type of buyer it suits: This would appeal most to someone who prioritizes yard space over a perfectly finished or larger home—perhaps a family wanting room for kids to play, a hobbyist gardener, or someone planning a future renovation or extension. It's less suited to a buyer who wants a turnkey house that's newer, larger, and similar to neighbours' homes. First-time buyers who value land over square footage might also find it a strong long-term play, especially given the citywide value ranking in the top 21%.
Five Possible FAQs
1. How does the living area compare to other homes on the street?
It's very close to the street average—1,404 sqft versus 1,336 sqft, ranking 11th out of 36 homes. It's not unusually large or small for Hammersmith Road, but it is notably smaller than the typical Whyte Ridge home (1,666 sqft). If you want more interior space, you'd likely need to look at newer builds in the area.
2. Why is the assessed value higher than many citywide comparables?
The value is driven primarily by the large lot (7,265 sqft) and its location on a well-regarded street. The house itself is older than the neighborhood average, but the land is in the top 15% citywide for size. Assessed value here reflects the scarcity of large lots in a mature suburb more than the house's condition or features.
3. What's the neighborhood like in terms of home ages and style?
Whyte Ridge is mostly a 1990s-built area, so this 1987 home is one of the older properties. The neighborhood is stable, with mature trees and established landscaping. The mix of build years means you'll find a range of architectural styles, but generally it's a conventional suburban setting with detached homes on individual lots.
4. Is this property a good candidate for a renovation or addition?
Given the generous lot size and the house being older than many neighbouring homes, there's potential. The land offers more flexibility than most properties in the area. However, any major work would need to comply with current zoning and setback rules—something to verify with the city before committing. The assessed value suggests the market already prices in some of that potential.
5. How does the property compare to others currently for sale in Whyte Ridge?
Properties with this combination of lot size and assessed value are uncommon in the neighborhood. Most homes in Whyte Ridge have smaller lots and newer construction. You're essentially buying above-average land with an average-sized, slightly older home. If you compare strictly on price per square foot of living area, it may look less competitive; if you compare on land area per dollar, it likely stands out.