23 Monticello Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,819 sqft single-family home built in 1989, situated on a 5,280 sqft lot in Whyte Ridge, Winnipeg. Its standout feature is interior space: the home ranks in the top 17% citywide for living area, offering noticeably more room than the typical Winnipeg home (average 1,342 sqft). The assessed value of $494,000 sits below the street average of $506,300 and the neighborhood average of $529,600, which creates an interesting tension—you’re getting a larger-than-average floor plan at a price that’s slightly under the local norm. The land area is right around average for the area, so this isn’t a lot-size play. The year built (1989) is older than the neighborhood median (1994), meaning it predates most of its immediate neighbours.
The appeal here is practical rather than flashy. Buyers looking for square footage without paying a premium for the newest finishes or the largest lot will find value. It suits someone who prioritizes interior livability—maybe a growing family needing extra rooms or a home office configuration—over curb appeal or land size. It would also work for buyers who are comfortable updating a home that’s 35 years old, or who see the below-average assessed value (relative to the street) as a potential entry point into a desirable neighbourhood.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
On Monticello Road, the assessed value is below the street average—$494,000 versus $506,300. In the broader Whyte Ridge neighbourhood, it’s also below the average of $529,600, ranking in the bottom 36% locally. However, citywide it sits well above the average for comparable homes ($390,100), in the top 21%. So it’s a relatively affordable entry into this specific street and area, but not a bargain relative to the city as a whole.
2. Is the house big for its street?
Yes. The living area is 1,819 sqft, ranking 17th out of 56 homes on Monticello Road—top 30%. The street average is 1,578 sqft, so you’re getting about 240 more square feet than most neighbours. That gap narrows slightly at the neighbourhood level (average 1,666 sqft), but it’s still above the median.
3. How old is the home compared to others in Whyte Ridge?
It was built in 1989, which makes it one of the older homes on the street (top 84%, meaning only about 9 out of 56 are newer) and in the neighbourhood (top 69%). Most Whyte Ridge homes were built around 1994, so this property is about five years older than the local norm. It’s still newer than the citywide average (1966), though.
4. Is the lot size generous?
Not especially. The land area is 5,280 sqft—exactly an eighth of an acre—which ranks near the middle of the street (top 70%) and the neighbourhood (top 62%). Citywide, it’s essentially average (top 48%). If you’re looking for a large yard, this isn’t that property; the value is inside the house, not on the lot.
5. What kind of renovation potential does the property have?
Given the 1989 build, there’s likely opportunity to update kitchens, bathrooms, or mechanical systems. The below-average assessed value relative to the street suggests that some of the nearby homes may have been upgraded or are newer. The above-average living area means you have room to reconfigure layouts without feeling boxed in. A buyer comfortable with cosmetic or structural updates could potentially add value here, though the land constraints mean you won’t gain much from expanding the footprint.