38 Apple Hill Road – Property Summary
Key Characteristics & Buyer Profile
This 1,061 sqft home, built in 1987, sits on a 4,827 sqft lot in Whyte Ridge. The property is smaller in both living area and land than most on its street and in the immediate neighbourhood—it ranks last on Apple Hill Road for land size and living area, and in the bottom quartile for living area within Whyte Ridge. Year built is a relative strength locally (top 20% on the street), though the surrounding area has newer homes overall. Assessed value sits a bit below the street and neighbourhood averages but well above the citywide median.
The appeal here is practical rather than flashy. This is a home that trades square footage for a more attainable price point in a desirable Winnipeg suburb. A buyer who wants to live in Whyte Ridge but finds most listings there too expensive or too large would see this as a realistic entry point. It’s also a strong candidate for someone focused on location and willing to renovate—the smaller footprint and older (though not old) construction could allow for a targeted update that fits a tighter budget. Not suited for buyers seeking a move-in-ready premium finish or maximum space for the money.
Five Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The assessed value is $463,000, which is about 6% below the Whyte Ridge average and a bit under the Apple Hill Road average. Citywide, it ranks in the top 26%, meaning it’s worth more than most homes in Winnipeg—the local averages are simply high.
2. The lot is listed as 4,827 sqft. Is that considered small?
On this street, it’s the smallest lot—the average is 6,237 sqft. In Whyte Ridge as a whole, it’s also below average (top 76%, meaning about a quarter of lots are smaller). Within the city, it’s close to typical. If you want a sizable yard for gardening, sheds, or play structures, this lot will feel tight.
3. Why is the year built listed as both “Above Average” and “Below Average”?
The home was built in 1987. On Apple Hill Road, that makes it older than most—only 12 of 61 homes are older, so it ranks high. But in Whyte Ridge, the average home is newer (1994), so by neighbourhood standards it’s below average. Context matters: it’s an older home in a newer pocket of the city.
4. The living area is 1,061 sqft. How does that feel for a family?
That’s about 30% smaller than the typical Whyte Ridge home. It would work well for a couple, a single person, or a small family who doesn’t need separate formal living and dining rooms. For a growing family or someone who works from home and needs a dedicated office, it could feel tight without clever layout planning or a basement reno.
5. Is this a good investment property?
Moderately. The assessed value is reasonable for the neighbourhood, and Whyte Ridge tends to hold value. But the smaller living area and lot size limit upside compared to larger homes on the same street—future appreciation will likely track the market rather than outpace it. It could work as a rental, but the rent-to-price ratio in Winnipeg won’t be exceptional.