31 Invermere Street – Property Summary
Key Characteristics and Buyer Suitability
This is a 1997-built home with 1,264 square feet of living space on a 4,470-square-foot lot. Compared to other properties in the Whyte Ridge neighbourhood, the home is on the smaller side—both in living area and lot size. Living space sits at the 81st percentile locally, meaning about four out of five homes in the area are larger. The lot is even more compressed against the neighbourhood average, ranking in the bottom 86th percentile.
Where this property stands out is its age. It's among the newest homes on its street (2nd out of 62), and newer than most homes citywide, where the average build year is 1966. The assessed value tells a mixed story: below the street and neighbourhood averages, but above the citywide median. That makes sense given the home is newer but in a neighbourhood with larger, older homes that carry higher assessments.
The appeal here is less about space and more about condition and location. Buyers who want a home from the late 1990s—modern enough to avoid major system overhauls but not brand-new construction pricing—may find it practical. It would suit downsizers, first-time buyers, or anyone prioritizing a more manageable footprint and a newer build over square footage. Because the lot is modest and the home is compact by local standards, it may also appeal to those who want less upkeep without moving to a townhouse or condo.
Frequently Asked Questions
1. How does this property compare to others on Invermere Street?
It's newer than most (2nd of 62), but smaller in living area (48th) and below average in assessed value (45th). Lot size is close to the street average.
2. Is the home considered small for Whyte Ridge?
Yes. Living area and lot size both fall significantly below the neighbourhood average. Whyte Ridge homes tend to be larger, with an average living area of 1,666 sq ft and lots around 6,175 sq ft.
3. Why is the assessed value lower than the street and neighbourhood averages if the home is newer?
Newer doesn't always mean higher assessed value. The home is smaller than most comparable properties on the street and in the area, and lot size plays a role in valuation. Citywide, it's above average, but locally it sits below.
4. What kind of maintenance or updates might a 1997 home need?
That depends on previous upkeep, but typical items at this age include roof replacement, furnace and water heater servicing or replacement, and window or siding updates. Kitchens and bathrooms from the late '90s may also feel dated to some buyers.
5. Who typically buys a home like this in Whyte Ridge?
People who want to live in the neighbourhood but don't need a large house or yard. It's a practical fit for empty nesters, small families, or buyers who prefer a newer home with less renovation risk and lower maintenance than older, larger properties in the area.