34 Breckenridge Close – Property Summary
Key Characteristics & Buyer Suitability
This home offers a strong combination of space, age, and lot size that sets it apart from many comparable properties in Winnipeg. At 1,828 square feet, the living area sits slightly below the street average but well above citywide norms—ranking in the top 16% across Winnipeg. The lot is notably generous: 8,577 square feet, which places it fourth-largest on the street and among the top 9% citywide. Built in 2003, it’s newer than most homes in the neighbourhood and across the city, ranking in the top 7% locally and top 16% citywide.
The assessed value of $540,000 is below the street average but above the neighbourhood and citywide averages. This suggests the home may offer better value relative to its immediate neighbours, particularly given its larger lot and newer construction. The appeal lies in the combination of a substantial yard, a relatively young structure, and a price point that doesn’t fully reflect those advantages compared to nearby homes.
This property would suit buyers who prioritize outdoor space and a newer build over being on the most expensive block. It may appeal to families looking for room to expand or garden, or to someone who values long-term property fundamentals—land and age—over curb appeal or prestige within the immediate street. The home sits in Whyte Ridge, a neighbourhood with above-average home values, which may also attract those seeking stability and established surroundings.
Five Possible FAQs
1. How does this home compare to others on Breckenridge Close?
It has one of the largest lots on the street (4th out of 19) and is among the newest homes. However, its assessed value ranks lower (16th out of 19), meaning you're getting a larger, newer property for less than what many neighbours are valued at. This could reflect interior finish differences or market timing.
2. Does the larger lot require more maintenance?
Yes, 8,577 square feet is above average for both the street and city. That means more lawn care, snow clearing, and potential landscaping costs. But it also offers more privacy, play space, or room for additions like a garden shed or deck.
3. Is the assessed value accurate for mortgage purposes?
Assessed value is used for property taxes, not market value. Lenders will rely on an independent appraisal. The fact that this home is valued below the street average but above the neighbourhood average suggests it may appraise in a reasonable range, but a full appraisal is the only way to know.
4. How does the year built affect insurance or maintenance?
At 2003, the home is about 20 years old. Major systems like the roof, furnace, and water heater may be approaching replacement age depending on their specific install dates, but the overall structure and foundation are relatively modern. Insurance rates tend to be lower for newer homes, and you're less likely to face knob-and-tube wiring, old plumbing, or asbestos.
5. Why is the living area below the street average but above city average?
Homes on Breckenridge Close are generally larger than typical Winnipeg homes, so the street average is higher than the citywide average. This property is slightly smaller than its immediate neighbours but still well above what you'd find across most of the city. For buyers who want a reasonably sized home with a standout lot, this trade-off can be a good fit.