21 Sigma Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1918 home offers 1,562 square feet of living space on a 7,125-square-foot lot. The living area is notably above average compared to similar homes on the same street and citywide, though slightly below the neighbourhood average for Whyte Ridge. The assessed value of $240,000 sits well below local and city medians—reflecting the home’s age and likely original or dated interior condition. It is the oldest house on the street by a considerable margin, with the street average year built being 1978 and the neighbourhood average 1994.
The appeal here is land and potential. The lot is above average for both Whyte Ridge (top 19%) and Winnipeg as a whole (top 16%), offering more outdoor space than most nearby properties. For a buyer, this makes sense as a renovation project or a teardown opportunity in an established area. It would suit someone comfortable with older construction—or someone looking to build new on a generous lot in a central Winnipeg neighbourhood where newer homes are the norm. First-time buyers seeking turnkey move-in ready may find the age gap and condition intimidating, but buyers with renovation experience or long-term plans could find real value.
Frequently Asked Questions
1. Why is the assessed value so low compared to other homes on the street?
The home is significantly older than any other property on Sigma Avenue—built in 1918 versus an average of 1978. Assessed values in Whyte Ridge tend to favour newer construction, so age and likely outdated finishes drive the valuation down. This is not unusual for a century home in a neighbourhood dominated by post-war and modern builds.
2. Is the living area measurement accurate for a 1918 house?
The 1,562 square feet likely reflects finished above-grade living space. Older homes sometimes have lower basements, non-standard room layouts, or enclosed porches that aren’t counted. It’s worth confirming whether this figure includes recent additions or if rooms were ever reconfigured. The square footage is above average for the street and city, but a home inspection or appraiser’s measurement can clarify.
3. Would the lot support a new build or major addition?
The lot is 7,125 square feet—larger than 84% of city homes. In Whyte Ridge, it ranks in the top 19% for land area. That gives flexibility for a substantial addition or even a full rebuild, assuming local zoning and setback rules allow it. You’d want to check with the city’s planning department, but the lot size alone is a strong advantage.
4. How does the neighbourhood compare for resale value?
Whyte Ridge is an established area with above-average home values citywide. Most homes are from the 1980s to early 2000s, so resale comparables tend to be newer. If you renovate or rebuild, you’d be positioned well against those newer homes. If you sell as-is, the buyer pool will likely be limited to investors or renovators, which can affect timeline and price.
5. What does “Top 23%” for living area actually mean in practice?
It means the house is larger than about three-quarters of similar homes on the street. For a 1918 home, that’s unusual—most century homes in Winnipeg are smaller. It suggests the house may have had an addition or was originally built more generously. For a buyer, that extra space is a plus, but it also means higher renovation costs per square foot if updating is needed.