22 Bessboro Street N – Property Summary
Key Characteristics & Buyer Profile
This is a 2007-built home with 1,491 sq. ft. of living space on a 4,822 sq. ft. lot, assessed at $520,000. Its standout feature is the year built: it ranks in the top 1% of the neighbourhood (Whyte Ridge) and top 6% on its street—meaning most nearby homes are older, often built in the mid-’90s or earlier. The living area falls slightly below the street average (1,864 sq. ft.) but sits close to the neighbourhood median, and is above the citywide average of 1,342 sq. ft. The lot is on the smaller side relative to the street and neighbourhood, but in line with many citywide properties. Assessed value is below the street average but above the neighbourhood and city medians, likely reflecting the newer build rather than exceptional square footage.
The appeal lies in getting a relatively new home in an established area without paying a premium for maximum size or land. It would suit buyers who prioritize a modern build, lower maintenance, and energy efficiency over a large yard or expansive floor plan. First-time buyers, downsizers, or families looking for a home that’s move-in ready without immediate renovation needs would find this property practical. Less obviously, it may interest someone who values street-level curb appeal relative to older neighbours, or who wants a foothold in a neighbourhood where newer builds are scarce—giving potential for resale advantage down the line.
Frequently Asked Questions
1. How does the property’s size compare to others in the area?
The living area is slightly smaller than the average home on Bessboro Street (1,864 sq. ft.) and near the median for Whyte Ridge (1,666 sq. ft.). It’s above average citywide. Land area is below the street and neighbourhood averages, and roughly typical for Winnipeg overall.
2. Is the assessed value a reliable indicator of market price?
Assessed value reflects the city’s estimate for property tax purposes, not current market value. At $520,000, the home is valued below the street average but above the neighbourhood and city medians. A realtor’s market analysis would be needed to determine a realistic listing or sale price.
3. Why does the home rank so highly for year built?
It was constructed in 2007, making it one of the newest homes on the street (top 6%) and in the entire Whyte Ridge area (top 1%). Most nearby homes date from the 1990s or earlier, so this property offers more modern construction, systems, and finishes.
4. Would the smaller lot size be a drawback?
It depends on your needs. The lot is smaller than typical for the street (average 6,740 sq. ft.) and neighbourhood (6,175 sq. ft.), but comparable to many city lots. This means less yard maintenance, but also less outdoor space for gardening, play, or expansion.
5. How does this property’s ranking compare with others in Winnipeg?
Citywide, the property places in the top 31% for living area, top 17% for assessed value, top 13% for newer year built, and top 60% for land area. It’s strongest in newness and value relative to the city, not in size or lot.