Key Characteristics & Buyer Profile
This 1,056 sqft home is a study in contrasts. It sits on a generous 5,219 sqft lot in the established Whyte Ridge neighborhood, yet its living space and lot size are notably smaller than the street and community averages. Built in 1987, it’s one of the older homes on Hammersmith Road—ranking in the top 19% for age—but also one of the most affordable, with an assessed value well below both the street and community medians. Its appeal lies in its relative affordability for the area; while it’s small by Whyte Ridge standards, it’s very close to the city-wide average for both size and assessed value. This suggests a home priced to reflect its modest footprint in an otherwise larger-home neighborhood. It would best suit a buyer who wants access to Whyte Ridge’s amenities and location but is working with a tighter budget, or someone downsizing who doesn’t need maximum square footage and prefers a manageable lot. The home’s age (1987) puts it in a middle ground—older than most in the neighborhood but newer than the city average, which could appeal to buyers seeking solid construction without the premium for a brand-new build.
Frequently Asked Questions
1. Why is the assessed value so low compared to the rest of Whyte Ridge?
The property’s smaller living area (1,056 sqft) is the main driver. The typical home in Whyte Ridge is around 1,666 sqft, so this unit is priced accordingly. Its lower valuation is not necessarily a sign of poor condition, but a direct reflection of its size relative to the neighborhood norm.
2. How does the 1987 build year hold up against newer homes in the area?
It’s older than most homes in Whyte Ridge, which were largely built in the mid-1990s. This means it may lack some modern finishes or open-concept layouts found in newer builds, but it also predates some of the cost-cutting construction trends. A home inspection would be wise to check for typical aging issues like roofing, windows, and mechanical systems.
3. The lot is smaller than the street average. Is that a problem?
Only if you need a large yard. At 5,219 sqft, it’s still a decent size for a city lot and is close to the city-wide median. It offers more outdoor space than many urban infill homes, but less than the typical Whyte Ridge property. It’s a good fit for someone who wants a yard without the upkeep of a larger one.
4. Is the community itself older or has it seen recent redevelopment?
The data shows the area’s average build year is 1994, indicating a stable, established neighborhood with few recent new builds. Whyte Ridge is known for mature trees and family-oriented streets rather than rapid turnover or infill. This property represents a slightly earlier era within that community.
5. How does this home compare to the overall Winnipeg market?
It’s surprisingly average. Both its living area and assessed value sit near the city-wide medians for comparable homes. In the broader market, it’s not an outlier. The main story is the contrast between this property and its immediate, pricier neighborhood—not how it stacks up against the rest of the city.