Key Characteristics & Buyer Fit
This is a 2001-built home on Fleetwood Road in Whyte Ridge, Winnipeg, with a living area of 1,641 sq. ft. on a 4,511 sq. ft. lot. The assessed value is $495,000.
The property’s main strength is its construction year. It is one of the newest homes on its street (top 6%) and significantly newer than the city average. For buyers who prioritize a more modern build—potentially meaning better insulation, wiring, and layouts—this stands out in a market where many homes date back to the mid-1960s.
Its living area is above average city-wide (top 23%), but sits squarely in the middle for its street and neighbourhood. The lot size, however, is smaller than the Whyte Ridge average. This creates a trade-off: you get a well-sized interior and a newer structure, but you sacrifice outdoor space relative to nearby homes. The assessed value is also a little below the street and neighbourhood average, reflecting that smaller lot and possibly other factors like finishes or location within the subdivision.
This property would suit a buyer who values a newer, move-in-ready home over a large yard or maximum square footage. It is less suited to someone wanting a spacious lot for gardening, additions, or outbuildings. It may appeal to families or couples downsizing from older, larger character homes who want a more efficient, modern layout without being in a brand-new development.
Five Possible FAQs
1. How does the property compare to other homes on Fleetwood Road?
The home is one of the newest on the street (top 6%), but its living area and lot size are near the middle. Its assessed value is slightly below the street average of $523,000. So, it is newer than most neighbours, but not necessarily larger or pricier.
2. Why is the assessed value lower than the neighbourhood average if the house is newer?
The value is influenced by the lot size, which is smaller than the Whyte Ridge average (4,511 sq. ft. vs. 6,175 sq. ft.). A smaller plot typically reduces the tax assessment, even if the house itself is modern. Location on the street and specific finish levels can also play a role.
3. Is the living area of 1,641 sq. ft. considered large for Winnipeg?
Yes, city-wide it is above average (top 23%). In Whyte Ridge, it is closer to the norm. So, it is a comfortable size by local standards, especially compared to older city properties, but not exceptionally large within this particular suburb.
4. What year was the home built, and why does that matter?
The home was built in 2001. That is newer than nearly all homes on its street (average 1995) and the great majority in Winnipeg (average 1966). This often means modern framing, windows, and mechanical systems, which can mean lower upkeep and better energy performance compared to an older house.
5. How does the lot size affect the property's potential?
The lot is below average for Whyte Ridge and right around the city average. It limits options for major expansions or large landscaping projects. However, it also means less yard maintenance. For a buyer looking for a manageable, low-upkeep yard with a modern house, this is a practical fit.