20 Setterington Bay – Property Summary
Key Characteristics & Buyer Profile
This home offers 1,582 square feet of living space on a 4,833-square-foot lot, built in 2004. It sits in the Whyte Ridge neighbourhood of Winnipeg. The property’s living area is slightly below the average for its own street but comfortably above the citywide average, placing it in the top 26% citywide for size. Its assessed value of $553,000 is above average both in the neighbourhood and across the city (top 12% citywide). The 2004 build year is notably recent for the area, ranking in the top 5% of homes in Whyte Ridge and top 15% citywide.
Its appeal lies in offering a newer, well-sized home in an established neighbourhood without paying a premium for an oversized lot. The land is slightly smaller than the local average, which may appeal to buyers who want less yard maintenance. The assessed value suggests a solid, stable investment relative to the broader market.
Best suited for a buyer who values a relatively modern home in a mature community, wants citywide value without the highest local price tag, and is comfortable with a moderately sized lot. Someone looking for maximum square footage on the street or a large private yard should look elsewhere. But for a buyer seeking a newer build in a solid neighbourhood with strong citywide positioning, this property presents a fair match.
Frequently Asked Questions
1. How does the living space compare to other homes in Whyte Ridge?
The living area is very close to the neighbourhood average (1,582 sqft vs. 1,666 sqft average), ranking it in the middle of the community. It’s neither large nor small for Whyte Ridge.
2. Is the assessed value above or below market expectations?
The assessed value of $553,000 is slightly below the street average of $561,000 but clearly above the Whyte Ridge average of $530,000. Citywide, it’s well above the norm. This suggests the property sits at a moderate price point for its immediate street but offers strong value relative to the broader city.
3. Why is the lot smaller than the community average?
At 4,833 sqft, the lot is below the Whyte Ridge average of 6,175 sqft. This is common for newer infill or smaller subdivision homes built in the early 2000s in this area. It may appeal to buyers looking for less outdoor upkeep.
4. How recent is the construction compared to surrounding homes?
The home was built in 2004, making it newer than most in Whyte Ridge (average build year 1994) and significantly newer than the citywide average (1966). It ranks among the newest homes in the immediate street.
5. What ranking or percentage metrics actually matter most here?
The most standout figures are the build year (top 5% in the neighbourhood) and assessed value (top 12% citywide). The living area and lot size are closer to average, so they are less differentiating. For buyers focused on a newer home with good assessed value, these top rankings are the key takeaway.