87 Southbend Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,797 sqft home built in 1989 on a 6,621 sqft lot in Whyte Ridge, Winnipeg. Its assessed value is $509,000.
The property stands out most for its lot size. It ranks 9th out of 55 homes on the same street (top 16%) and above average both within the neighbourhood and citywide. The living area is also notably generous—above average on the street, around average for the neighbourhood, and well above the citywide median.
The house itself is slightly older than the Whyte Ridge average (1989 vs. 1994), but newer than most homes city-wide. The assessed value is essentially average for Southbend Crescent and the neighbourhood, but far above the Winnipeg median—reflecting the premium attached to this area and lot size.
What it offers, less obviously: This isn’t the flashiest or newest house in Whyte Ridge, but it sits on a lot that’s genuinely larger than many nearby. That’s a practical asset—more outdoor space, more separation from neighbours, and more flexibility for future additions or landscaping. The assessed value being neck-and-neck with the street average also suggests there’s no premium baked in yet for that extra land; it may be undervalued relative to its physical footprint.
Who it suits: Buyers who prioritize outdoor space and a quiet street over a fully updated interior or a newer build. Good for families wanting room for kids or a garden without moving to a far-out suburb. Also suited to someone who sees potential value—the lot is the standout feature, and the house is solid but not overpriced for the area.
Five Possible FAQs
1. How does this property compare to others on Southbend Crescent?
It ranks in the top 16% for land area and top 22% for year built, but is roughly average in assessed value. That means you’re getting one of the bigger, newer lots on the street without paying a premium compared to neighbours.
2. Is the assessed value of $509k realistic for this home?
It’s right in line with the street average ($508.7k) and slightly below the neighbourhood average ($529.6k). Given the larger land and living area, the assessed value looks fair if not slightly conservative relative to the lot size.
3. How old is the house, and is that a concern?
Built in 1989—solidly middle-aged. Newer than most Winnipeg homes (city-wide average is 1966) but older than the Whyte Ridge average (1994). Expect typical maintenance for a 35-year-old home, but construction from that era is generally sound.
4. What’s the neighbourhood like for families?
Whyte Ridge has above-average living space and lot sizes compared to the city. It’s established, with mature trees and a mix of home styles. The street ranking suggests Southbend Crescent is a step above even the neighbourhood average for lot size.
5. Could this be a good investment property?
Potentially, if you’re looking for land value. The lot is bigger than 84% of homes on the same street and top 20% city-wide. That kind of asset tends to hold value better than a dated interior. But the assessed value being average suggests you’re not overpaying for that land today.