88 Setterington Bay – Property Summary
Key Characteristics & Buyer Profile
This is a 2,300 sqft home built in 2004, situated on a 4,886 sqft lot in Whyte Ridge, Winnipeg. Its standout feature is living space: it ranks in the top 5% citywide for living area, and tops 94% of homes on its own street. The assessed value of $570,000 sits slightly above the street average but well above the citywide median—reflecting a property that offers generous interior space without commanding a premium lot size. The land is smaller than the neighbourhood norm (bottom 25% in Whyte Ridge), which is worth noting for buyers who prioritize yard space.
The appeal here is practical: you get a newer, spacious home in a well-established area, without paying for extra land you may not need. It suits buyers who want move-in-ready square footage—families needing room to spread out, or those who value indoor living areas over outdoor space. The 2004 build places it among the newer homes in the neighbourhood (top 5% locally), which can mean fewer immediate maintenance concerns compared to older stock. However, the smaller lot may be a drawback for gardeners, dog owners, or anyone planning additions.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
It's around average for the street (ranked 14 out of 36) but above average for the broader neighbourhood and city. The $570k assessment reflects the large living area more than the lot size. If you're comparing properties, focus on interior square footage rather than land.
2. Why is the land area considered below average for the neighbourhood?
At 4,886 sqft, the lot is smaller than most in Whyte Ridge, where the average is 6,175 sqft. This is typical for newer infill builds in established areas—more house was prioritized over yard. It's not unusual, but it means less outdoor space than many neighbouring homes.
3. Is the living area data reliable for comparing to other listings?
The rankings use municipal assessment data for comparable homes (similar type, condition, and zoning). The 2,300 sqft figure places it in the top 5% citywide, which is a strong indicator. However, "living area" can exclude finished basements or garages depending on local definitions, so confirm with the full floor plan.
4. How does a 2004 build hold up in this market?
Homes from the early 2000s in Winnipeg are generally well-constructed, with modern insulation, wiring, and windows. Being newer than 94% of homes in Whyte Ridge means it avoids common older-home issues like knob-and-tube wiring or settling foundations. The trade-off is less architectural character than pre-war homes.
5. What's the property's resale positioning likely to be?
The large living area and newer build are strong selling points. The smaller lot may narrow the buyer pool slightly—those wanting acreage will look elsewhere. But for the majority of buyers prioritizing interior space in a good neighbourhood, it holds value well. The assessed value trend suggests steady appreciation, not a standout investment property.