31 Monticello Road

Key Characteristics & Buyer Profile

This 1,243 sqft home on Monticello Road in Whyte Ridge was built in 1991 and sits on a 5,280 sqft lot. What stands out is its position relative to surrounding properties. Within its own street, it’s one of the newer homes (ranked 5th out of 56), but its interior living space is on the smaller side compared to neighbors. The assessed value sits close to the street and community averages, meaning it isn’t priced at a premium for its location or age, but it is notably above the citywide average—reflecting the desirability of Whyte Ridge as a whole.

The appeal here is for buyers who want a well-established, family-oriented neighborhood at a relatively reasonable entry point compared to larger, pricier homes nearby. You’re getting a solidly built 1990s home without paying a premium for extra square footage or a massive lot. It’s practical: the property is efficient in size, the yard is manageable, and the tax assessment suggests steady, moderate value rather than a volatile top-tier price tag. This isn’t a showpiece; it’s a functional home in a good area.

It would suit first-time buyers looking to get into a mature neighborhood with good schools, downsizers who want a newer build (relative to the city’s median of 1966) without excess space, or investors seeking a property with stable, average appeal rather than a high-maintenance fixer-upper or a luxury flip.

Five FAQs

1. How does the 1991 build compare to other homes in Whyte Ridge?
   The home is newer than many in the neighborhood—Whyte Ridge averages around 1994, so this is right in the mix. Compared to the citywide average of 1966, it’s substantially newer, which often means better insulation, wiring, and overall condition. On its own street, it ranks among the newest.

2. Is the smaller-than-average square footage a problem?
   It depends on your needs. At 1,243 sqft, it’s below the street and community averages for Whyte Ridge, but matches closely with the citywide median. For someone used to older, compact homes in other parts of Winnipeg, this will feel fine. For those comparing it to newer suburban builds, it may feel tight. The trade-off is a lower purchase price and assessment in a neighborhood where larger homes cost significantly more.

3. What does the assessed value of $500,000 actually mean for taxes?
   It suggests annual property taxes will be close to the median for this street and community—not unusually high, not a bargain. Since the assessment is above the citywide average but aligned locally, you likely won’t face surprises compared to neighboring homes. It indicates stable value rather than a fast-appreciating asset.

4. Is the 5,280 sqft lot a disadvantage?
   Not necessarily. It’s very close to the average for its street and community, and near the middle for the city overall. It’s a typical suburban lot—big enough for a yard, garden, or small playset, but not oversized enough to require heavy maintenance. If you want less lawn work, this is actually a plus.

5. What type of buyer would regret this purchase?
   Someone looking for a home with interior space that stands out in its neighborhood, or a buyer who wants a large, private lot with room for additions or a workshop. The home is average or slightly below in those categories. It’s also not for someone hoping to get a fixer-upper discount in a cheaper part of town—this is a middle-of-the-road property in a solid area.