2 Sandown Point – Property Summary
Key Characteristics & Buyer Profile
This 1996-built home offers 1,198 square feet of living space on a 5,066-square-foot lot in Winnipeg’s Whyte Ridge neighbourhood. Its assessed value is $491,000.
The property’s main strength is its age: it’s one of the newer homes on its street (ranked 2nd out of 20) and significantly newer than the citywide average of 1966. The assessed value is also above average compared to Winnipeg as a whole, ranking in the top 21% citywide.
However, the living area is below average both on the street and in the neighbourhood—the 1,198 sqft is notably smaller than the typical home nearby. The lot size is also slightly below the neighbourhood average, though it’s around the middle of the pack citywide.
This property would best suit a buyer who prioritizes a newer build and is willing to accept a smaller floor plan than what’s typical in the area. It may appeal to those looking for a more manageable, lower-maintenance home in an established neighbourhood, or to buyers who value a newer structure over maximum square footage or lot size. It’s less suited for someone who needs generous indoor or outdoor space or who wants a home that stands out in size within Whyte Ridge.
Frequently Asked Questions
1. How does the living area compare to other homes in Whyte Ridge?
The 1,198 sqft is below the neighbourhood average of 1,666 sqft, ranking in the bottom 5% of comparable homes in Whyte Ridge. On its own street, it’s the second smallest of 20 homes.
2. Is the assessed value of $491,000 a good deal for the area?
It’s below the street average ($518,900) and neighbourhood average ($529,600), but above the citywide average for comparable homes ($390,100). Relative to its immediate surroundings, the value is on the lower side, but it’s well above the typical Winnipeg home.
3. How old is this property, and is that considered old for the neighbourhood?
Built in 1996, it’s one of the newer homes on Sandown Point (top 10% on the street) and newer than the Whyte Ridge average of 1994. Compared to the citywide average of 1966, it’s relatively modern.
4. What’s the lot like, and is it enough space?
The lot is 5,066 sqft. This is below the neighbourhood average of 6,175 sqft and ranks 71st percentile locally (meaning 71% of nearby lots are larger). It’s around average for Winnipeg overall, so it’s a modest city lot rather than a spacious yard.
5. Why is the living area small but the assessed value still above average citywide?
The value is likely driven by the newer construction and the desirable Whyte Ridge location, rather than raw square footage. The home’s age and neighbourhood appeal appear to offset the smaller footprint when compared to older, larger homes across Winnipeg.