64 Invermere Street

64 Invermere Street: Property Summary

Key Characteristics & Buyer Profile

This is a 1996-built home with 1,343 square feet of living space on a 4,396 square foot lot, located in the Whyte Ridge neighborhood. Its appeal lies in a handful of clear trade-offs. The home itself is newer than many properties in Winnipeg—it ranks in the top 19% citywide for build year—and relatively close in size to the city-wide average. However, its footprint is noticeably smaller than the typical home on Invermere Street and within the broader Whyte Ridge area, placing it in the bottom quarter of both. The assessed value is above the street and city averages, but sits near the middle for Whyte Ridge. This suggests the property’s value is driven more by its location and newer construction than by sheer square footage or lot size. It would suit a buyer who prioritizes a newer, well-maintained home in an established suburban area, and who is willing to accept a smaller house and yard compared to immediate neighbors—likely a couple, small family, or someone downsizing from an older, larger home in the same general part of the city.

Five Possible FAQs

1. How does the living space compare to other homes nearby?
   With 1,343 sq ft, this home is smaller than the average on Invermere Street (1,521 sq ft) and in Whyte Ridge (1,666 sq ft). Citywide, it is very close to the overall average of 1,342 sq ft. You'd be getting a house that's typical for Winnipeg, but it is on the smaller side for its specific street and neighborhood.

2. Is the lot size considered small?
   Yes, particularly within the neighborhood. The lot measures 4,396 sq ft, which is below the average for Whyte Ridge (6,175 sq ft) and ranks near the bottom of the community. On its own street, it's closer to average, but still slightly smaller than the Invermere Street mean of 5,067 sq ft.

3. What does "above average" assessment mean for property taxes?
   The assessed value of $532,000 is higher than the average for your street ($494,000) and significantly higher than the citywide average ($390,000). This indicates you will likely pay higher property taxes than many homes in Winnipeg, but the assessment is in line with the median for Whyte Ridge itself. It reflects the home's newer build and its value within this specific suburb.

4. The house was built in 1996. Is that considered old or new for the area?
   It's newer than average. On Invermere Street, the average build year is 1993, and across Whyte Ridge it's 1994. Citywide, the average is 1966. This puts the home in the top 19% of Winnipeg for newer construction, meaning it is likely more modern in terms of materials, layout, and systems than many nearby properties.

5. The ranking information is a bit complex. What is the main takeaway?
   The home's strengths are its newer construction year and its assessed value, which outpaces many comparable homes on the street and across the city. Its main weakness is the smaller living area and lot size compared to other homes in Whyte Ridge. You are paying a premium for a newer home in a specific neighborhood, not for a large amount of space or land.