Key Characteristics & Buyer Profile
This is a 1990-built, single-family home at 55 Monticello Road in Whyte Ridge, Winnipeg, with 1,894 square feet of living space on a 5,514 square foot lot. Its assessed value is $538,000.
The property’s strongest asset is its size. It ranks in the top 11% for living area on its street, top 14% citywide, and is well above the Winnipeg average of 1,342 square feet. The lot is close to the neighbourhood average, so you get generous indoor space without an oversized yard to maintain.
The assessed value is high on the street (top 7%) and in line with the wider Whyte Ridge average, which suggests the home holds its value well relative to neighbours. The build year is typical for the street (1990) and slightly older than the neighbourhood average (1994), but it’s newer than much of the city’s housing stock.
Appeal & Buyer Fit:
The appeal lies in getting above-average square footage in a stable, mid-’90s-era suburb without paying a premium that’s out of step with the area. This isn’t a showpiece or a fixer-upper—it’s a solid, well-proportioned home in a consistent neighbourhood. It would suit a growing family who wants room to spread out, or someone who values interior space over a large yard. Because the lot is unremarkable for the area, a buyer who cares more about the house than the garden will feel this is a good match. It’s less suited to someone looking for a newer build or a corner lot with privacy.
Five Possible FAQs
1. How does the living space compare to other homes in Whyte Ridge?
It’s above average. The typical home in Whyte Ridge has about 1,666 square feet, so this property offers roughly 230 square feet more—a noticeable difference in terms of room size and layout flexibility.
2. Is the assessed value of $538,000 a realistic market price?
Assessed value is used for property tax purposes and may not reflect current market conditions, especially in a shifting market. In this case, the home is valued above the street average ($506,000) but close to the neighbourhood average ($530,000), so it’s positioned in line with expectations for the area.
3. How old is this home, and does it need major updates?
Built in 1990, which is typical for the street but slightly older than the average home in Whyte Ridge (1994). At over 30 years old, some systems (roof, furnace, windows) may have been updated depending on the current owner. Buyers should confirm the age of major components during an inspection, but the construction era is generally reliable in this part of the city.
4. Why is the lot size only “average” for the area?
The lot is 5,514 square feet, which is very close to the street average (5,643 sq ft) and the neighbourhood average (6,175 sq ft). It’s not large by Whyte Ridge standards, but it’s consistent with what you’d expect for a home of this size in this part of the subdivision. If you want a deep backyard or extra outdoor space, this property is not that.
5. What does “top 14% citywide” actually mean for a buyer?
It means the home is larger than 86% of all residential properties in Winnipeg. For someone comparing houses across different neighbourhoods, that stat signals you’re getting above-average square footage regardless of location. It’s a useful benchmark if you’re moving from a tighter market or want to avoid feeling cramped in a city where older homes are often smaller.