35 Vanderbilt Drive – Property Summary
Key Characteristics & Buyer Profile
This 1993-built home in Whyte Ridge offers 2,317 square feet of living space on a 6,132-square-foot lot, with an assessed value of $631,000. Its standout feature is size: the living area ranks in the top 5% both within Whyte Ridge and across Winnipeg, and it sits on a lot that is above-average citywide. The assessed value tells a similar story—top 6% in the neighbourhood and citywide—which suggests the home carries strong intrinsic value relative to its surroundings.
However, there is a tension worth noting. On Vanderbilt Drive itself, this property is on the smaller end in terms of land (bottom 23%) and newer builds are more common (the street average year built is 1996). So while this home is spacious by most standards, it sits among larger lots and slightly newer houses directly on its street. This means a buyer gets exceptional interior space for the neighbourhood, but should not expect a premium lot or the newest construction relative to immediate neighbours.
The appeal lies in getting a genuinely large home—both in living area and overall footprint—within a well-regarded suburb, at a price that undercuts the street average of $723,600. The home is likely best suited for a family or someone who prioritizes interior square footage over lot size or absolute newness. It also suits a buyer who wants good citywide value (top 6% citywide for living area and assessed value) without paying a street-premium price. A less obvious angle: this property could appeal to someone who plans to hold long-term, as the assessed value gap relative to the street suggests potential for appreciation if the lot or house is improved over time.
Frequently Asked Questions
1. How does this home compare to others on Vanderbilt Drive?
On the street, it ranks in the top 25% for living area but the bottom 25% for lot size. It’s also among the older homes (built 1993 vs. street average 1996). The assessed value is below the street average ($631K vs. $723.6K), so it offers more interior space per dollar, but with a smaller yard and older construction than many neighbours.
2. What does “top 5%” in the neighbourhood and citywide mean in real terms?
In Whyte Ridge, the average living area is 1,666 sqft; this home is nearly 700 sqft larger. Citywide, the average is just 1,342 sqft. So you’re getting a home that is genuinely spacious compared to most houses in Winnipeg, and very large relative to others in the immediate area.
3. Why is the assessed value lower than the street average if it’s bigger?
Assessed value considers multiple factors: lot size, age, condition, and location relative to comparable sales. Here, the smaller lot and slightly older construction offset the larger living area. The street average includes homes on larger lots and newer builds, which tend to command higher assessments even if they have less interior space.
4. Is the lot size a limitation?
At 6,132 sqft, the lot is actually above-average citywide (top 28%), so it’s not small in a general sense. But on Vanderbilt Drive, where the average lot is 7,833 sqft, it’s below average. Buyers who want a big backyard for gardens, sheds, or play structures may want to note the street comparison. For most families, the lot is fine; it’s only relative to immediate neighbours that it stands out as modest.
5. What kind of resale or appreciation potential does this property have?
Its main strength is the living area—that’s hard to replicate and will always attract buyers who want space. The smaller lot and older age are potential drags, but the assessed value gap to the street average suggests room for growth if you make strategic upgrades (e.g., kitchen, windows, or curb appeal) or if the street itself appreciates over time. Long-term, it’s a solid bet for value retention in a top-5% neighbourhood.