51 Monticello Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1991-built home in Winnipeg’s Whyte Ridge neighbourhood, with 1,959 square feet of living area on a 5,751 sqft lot. The property’s strongest feature is its assessed value: it ranks #1 out of 56 homes on the same street (top 2%) and sits in the top 8% citywide. Living area is also notably generous—top 5% on the street and top 12% across Winnipeg. The year built (1991) is newer than the citywide average of 1966, though it falls around the middle of the neighbourhood.
The appeal here is less about raw land size (which is average for the area) and more about getting a relatively large, well-valued home on a desirable street. The assessed value suggests solid equity and resale potential, especially compared to newer builds that may carry higher price tags but smaller floor plans.
This property would suit a buyer who wants a spacious single-family home in a mature, established neighbourhood without paying a premium for a very large lot. It’s also a strong fit for someone prioritizing long-term value and comparability—these rankings indicate the home consistently outperforms its peers. Less obvious: because the land area is only average, a buyer who values yard space for expansion or gardening might feel constrained. The home’s age (1991) also means it avoids some of the maintenance headaches of older Winnipeg homes, but won’t have the energy efficiency or modern layouts of a 2000s build.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $606,000 is well above both the street average ($506,300) and the Whyte Ridge neighbourhood average ($529,600). Citywide, it’s in the top 8% of comparable homes.
2. Is the living area large for a home of this age?
Yes. At 1,959 sqft, it’s bigger than the average for similar homes on Monticello Road (1,578 sqft) and also above the Whyte Ridge average (1,666 sqft). It ranks in the top 5% on its street.
3. Why is the land area ranked lower than the living area?
The lot is 5,751 sqft, which is close to the street average (5,643 sqft) and only slightly smaller than the neighbourhood average (6,175 sqft). The ranking is “around average” because it doesn’t stand out, whereas the house itself is unusually large for the lot size.
4. How old is the home, and is that a concern?
Built in 1991, it’s newer than the citywide average (1966) but older than the Whyte Ridge average (1994). The home is 33 years old as of 2024, which typically means major systems (roof, HVAC) may need attention soon, though the rankings suggest it’s well-maintained relative to its street.
5. What type of buyer would this home not suit?
Buyers looking for a very large yard, a brand-new build, or a home in a newer development farther from the city core may find it less appealing. The average lot and 1990s layout may not suit someone seeking modern open-concept design or extensive outdoor space.