This is a 1,569 sqft home built in 1991, sitting on a 5,275 sqft lot in Whyte Ridge, Winnipeg. Its appeal is subtle. The property doesn’t stand out on its street or in its immediate neighbourhood for size or value. It ranks below average for living area and assessed value compared to other homes on Portwood Road itself. But zoom out to the city level, and the picture flips: this home is above average in living area, newer than the citywide median by about 25 years, and above average in assessed value relative to all of Winnipeg.
The land is average for the city but notably smaller than what’s typical on its own street and in Whyte Ridge. That means you’re getting less yard than neighbours, but you're also likely paying less than the street average. The assessed value of $481k confirms that—it’s below the street average of $533k and the neighbourhood average of $529k.
This property would suit a buyer who wants a solid, newer home in a stable suburban area, but doesn't need top-tier finishes or a large footprint. It’s for someone who’s looking for value relative to the broader city market rather than competing for the highest-end offering on the block. If you care more about being above average for Winnipeg than for your immediate neighbours, this is worth a look. It might also appeal to buyers who prefer a manageable lot size—less maintenance—without sacrificing a mid-90s build quality.
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Why is the assessed value low for the street but high for the city?
Portwood Road has several larger or more updated homes that push the street average up. Citywide, Winnipeg’s median home is older and smaller, so this home’s combination of 1991 construction and 1,569 sqft lands above the city average.
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How does the lot size compare to typical homes in Whyte Ridge?
The lot is 5,275 sqft, which is about 900 sqft smaller than the neighbourhood average. Most homes in Whyte Ridge sit on larger parcels. If you want neighbours close by and less yard work, that’s a plus. If you want a big garden, you might feel pinched.
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Is the living area comfortable for a family?
1,569 sqft is in line with many 3-bedroom suburban homes from the early 1990s. It’s less than the street average (1,794 sqft) but above the citywide average. For a couple or small family, it’s practical. For a larger family needing separate flex spaces, you might find it tight.
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Does the year built (1991) mean anything for maintenance or renovations?
Builds from the early 90s are past the 30-year mark, so major systems (roof, furnace, windows) may have been replaced or could be due soon. It’s newer than most Winnipeg homes, but not new enough to assume everything is current. Always check the age of major systems.
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How does this home compare to others in the same price range citywide?
At $481k assessed, it’s above the citywide average of $390k, meaning you’re paying for a newer, slightly larger home than what’s typical for Winnipeg as a whole. But within Whyte Ridge, it’s on the lower end of the market, which could give you better negotiating power relative to neighbours.