Property Summary: 500 Scurfield Boulevard, Winnipeg
Key Characteristics & Appeal
This 2,044 sqft home, built in 1993, sits on a 5,519 sqft lot in the Whyte Ridge neighbourhood. Its standout feature is the living area: it ranks in the top 10% citywide and top 16% within the neighbourhood, offering notably more interior space than most comparable homes. The assessed value of $538,000 reflects that size advantage—it’s roughly average for the street and neighbourhood, but well above the citywide average of $390,100. The land area is typical for the area, and the year built is mid-range for the street.
The appeal here is straightforward: you get a home with significant square footage for a price that’s in line with the immediate market. It’s not a fixer-upper or a tear-down—it’s a solid, established family home in a developed suburb. The property suits buyers who prioritize interior space and a settled neighbourhood over a newer build or an oversized lot. It would also suit someone who wants to own in a desirable area like Whyte Ridge without paying a premium for the street or lot size, as the assessed value ranks lower relatively within the neighbourhood than the living area does. That suggests the home’s value is concentrated in its structure rather than its land.
Five Possible FAQs
1. Is the assessed value a reliable indicator of the market price?
Not exactly. The assessed value is the city’s estimate for property tax purposes, not a current market appraisal. It gives a useful baseline, but actual sale prices depend on condition, upgrades, and buyer competition. That said, an assessed value close to the neighbourhood average suggests the home is priced in a typical range for the area.
2. How does the “average” ranking here differ from a median?
These rankings use “Avg” as a rough median benchmark—meaning roughly half the comparable homes are above that number, half below. The percentile rankings (e.g., Top 16%) are more precise, telling you exactly how this property compares within each scope: street, neighbourhood, or city.
3. What does it mean that the home is “above average” for living area but “around average” for land area?
It means the building footprint is generous relative to other homes in Whyte Ridge, but the lot itself is standard-sized. If you want a large yard or extra outdoor space, this property likely does not stand out. The value lies primarily indoors.
4. Why does the citywide ranking for assessed value seem to contradict the street and neighbourhood rankings?
Citywide, the average assessed value is much lower ($390,100 versus $534,100 on the street), so this home looks strong across Winnipeg as a whole. But within its own street and neighbourhood, it’s close to the average—meaning it’s not overpriced for its immediate surroundings. That’s common when a neighbourhood already has higher-than-average home values.
5. Is a 1993 build considered old or new for this area?
It’s mid-range. The average year built on the street is 1996, and in the neighbourhood it’s 1994—so this home is within a few years of both. Citywide, the average is 1966, meaning the home is newer than many Winnipeg properties. For a buyer looking for a home that’s not too old but not brand-new, this fits the typical age profile for the area.