93 Setterington Bay – Property Summary
Key Characteristics & Buyer Profile
This home at 93 Setterington Bay in Whyte Ridge, Winnipeg, is a 2004-built property with 2,043 square feet of living space on a 4,396-square-foot lot. Its assessed value is $583,000.
What stands out: The home is newer and larger than most in its neighbourhood and city. It ranks in the top 10% citywide for living area and the top 9% for assessed value. Its year built places it in the top 5% within Whyte Ridge, meaning it's significantly newer than the typical home in the area (neighbourhood average: 1994). The assessed value is above average at every level—street, neighbourhood, and city.
The trade-off: The lot is smaller than average. On its own street, it ranks in the bottom 14% for land area. Buyers get a newer, spacious house but on a compact lot typical of many infill or newer subdivisions.
Who this suits: Buyers who prioritize interior space and a more modern build over a large yard. It's a good fit for someone who wants a move-in-ready home in a well-established neighbourhood without the maintenance or layout quirks of an older house. It may appeal less to those seeking a garden or outdoor expansion space.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
It's above average on all levels. On Setterington Bay, it's in the top third for living area. In Whyte Ridge, it's in the top 16%. Citywide, it's in the top 10%—so it's a genuinely spacious home relative to most in Winnipeg.
2. Why is the lot considered small, and does that affect value?
The lot is 4,396 sqft, which is smaller than the street average of 5,436 sqft and the neighbourhood average of 6,175 sqft. That said, the assessed value is above average, suggesting the home's size and condition offset the smaller land footprint. It's a modern subdivision trade-off, not a red flag.
3. Is the assessed value of $583k reasonable for the area?
Yes. It ranks 8th out of 36 homes on the street and in the top 14% of the neighbourhood. It's also well above the citywide average for comparable homes ($390k), reflecting the home's above-average size and newer construction.
4. How does the age of this home (2004) affect maintenance or appeal?
It's newer than about 95% of homes in Whyte Ridge, which means it likely has modern insulation, wiring, and mechanicals. It avoids the deferred maintenance issues of older homes in the area but is still over 20 years old, so some systems (roof, furnace, water heater) may be approaching replacement age—worth checking.
5. What does "Top X%" ranking actually mean for resale value?
These rankings compare the home against "comparable homes" (similar property types, not all housing stock). Being in the top 10% citywide for living area and top 9% for assessed value suggests strong positioning. The home is newer and larger than most, which tends to hold value well, though the smaller lot may cap upside compared to properties with more land.