Property Summary: 50 Astoria Point
Key Characteristics & Appeal
This single-family home in Whyte Ridge offers 1,437 square feet of living space on a 5,168-square-foot lot, built in 1989 with an assessed value of $501,000. Its strongest feature is its age—it ranks #1 out of 15 homes on the street for newer construction, and places in the top 23% city-wide, meaning it’s likely better maintained and more modern than much of Winnipeg’s older housing stock.
The assessed value sits above the city average (top 20%), but below the street and neighbourhood averages. This creates a nuanced position: buyers get a home that’s valued competitively within its immediate area, while still holding above-average equity compared to the broader market. The living area is below average for the street but above average city-wide, which is typical of a smaller floorplan in a newer subdivision. The lot is the smallest on the street—a potential drawback for those wanting outdoor space, but less of an issue for low-maintenance living.
Who it suits: Buyers who prioritize a newer, move-in-ready home in a well-established neighbourhood, and who aren’t looking for a large yard. It’s a good fit for downsizers, young families, or those who prefer spending time indoors or in community amenities rather than on yard work. The trade-off is clear: you get a newer build and solid city-wide value, but you sacrifice lot size and living square footage relative to the immediate street.
Frequently Asked Questions
1. How does this home compare to others in Whyte Ridge?
Within Whyte Ridge, the home sits around average for living area, lot size, and year built, and slightly below average for assessed value. It’s not the standout on the street, but it holds its own in the neighbourhood—meaning you’re getting something comparable to what most nearby homes offer, for a price that’s a bit more accessible.
2. Is the small lot a concern?
The lot is the smallest on Astoria Point, but it’s still typical for Whyte Ridge as a whole. If you’re used to larger suburban yards, you’ll notice the difference. If you value less upkeep and more time for other things, it’s a practical choice. The house itself is compact too—worth checking if the layout works for your daily life.
3. What does the assessed value tell me about resale potential?
The assessed value is below the street average but above the city average. This suggests the home isn’t overpriced locally, but it’s also not a bargain. Resale should track with the neighbourhood’s performance. The newer construction is a plus for long-term value, but the smaller lot could limit upside compared to larger properties nearby.
4. How old are the systems and finishes?
Built in 1989, the home is 35 years old at the time of assessment. Major systems like the roof, furnace, and windows may be original or replaced depending on the owner. A newer build doesn’t guarantee everything is up to date—ask about recent upgrades when viewing.
5. Why does the ranking system show different colours and bars?
The bars compare this home against similar properties at three levels: street, neighbourhood, and city. Full fill means it outperforms most peers in that category; empty means it lags. Colours indicate performance tiers—red for below average, blue for above, etc. It’s a quick visual of where the home stands, but the raw numbers matter more for your specific needs.