63 Royal Oak Drive – Property Summary
1. Key Characteristics & Buyer Profile
This is a 1996-built, 1,273 sqft home on a 5,511 sqft lot in Whyte Ridge, Winnipeg. Its standout feature is the year built: it ranks in the top 16% on its street, top 19% citywide, and is newer than Winnipeg’s average home by about 30 years. That means it avoids many of the maintenance and system replacement issues common in older Winnipeg housing stock.
The living area is above average for the street but below the broader Whyte Ridge neighbourhood average. The assessed value ($451k) is similarly positioned: slightly less than the street average, and well below the neighbourhood average ($529.6k). Citywide, however, the value ranks in the top 28% – meaning it is priced noticeably above the typical Winnipeg home.
The appeal lies in a trade-off: you get a newer, well-maintained home in a solid mid-suburban neighbourhood, without paying the top-of-market price that the largest or most recent Whyte Ridge homes command. The lot size is standard for the street and about average for the area – not oversized, not cramped.
Best suited for: Buyers who prioritize a relatively new structure and want a strong value-for-assessed-price ratio compared to the immediate neighbourhood. It would also suit someone looking for a home that is unlikely to need major structural or mechanical work soon, but who doesn’t need maximum square footage or a premium lot. It may be less ideal for someone seeking a large yard or the highest-end finish in Whyte Ridge.
2. Frequently Asked Questions
1. How does the assessed value compare to other homes nearby?
On Royal Oak Drive, this home’s assessed value is below average – ranking 33rd out of 43 homes. Compared to the wider Whyte Ridge neighbourhood, it’s even further below the average ($451k vs. $529.6k). But citywide, it ranks in the top 28%, indicating it’s still a relatively high-value property by Winnipeg standards.
2. Is the living area small for this neighbourhood?
Yes, but only by neighbourhood standards. At 1,273 sqft, it’s slightly above the street average (1,257 sqft) but well below the Whyte Ridge average of 1,666 sqft. Citywide, it’s around the middle. Essentially, this is a moderately sized home on a street with similarly sized homes, but the broader neighbourhood skews larger.
3. How old are the major systems likely to be?
Since the home was built in 1996, the roof, furnace, and other major systems are likely original or near that age. That means they are approaching 30 years old, which is the typical lifespan for an asphalt roof and a mid-efficiency furnace. Buyers should budget for potential replacement within the next 5–10 years, even though the home itself is newer than many in the city.
4. Is the lot size a pro or a con?
It’s neutral in context. The lot is 5,511 sqft, which ranks 15th out of 43 on the street (top 35%) and is slightly above the street average. But compared to Whyte Ridge as a whole (avg 6,175 sqft) and the city average (6,570 sqft), it is below average. So it’s a typical suburban lot for the immediate street, but not generous by broader Winnipeg or neighbourhood standards.
5. Why is the assessed value below the neighbourhood average if the home is newer?
Newer construction often carries higher value, but it’s not the only factor. The living area is smaller than the neighbourhood average, and lot size here is also below the neighbourhood average. Assessed value is based on overall comparison of size, location, and condition. In this case, being smaller than many Whyte Ridge homes pulls the value down, even though the home’s age is a positive. The citywide ranking (top 28%) shows it is still seen as a higher-value property across Winnipeg.