This home, built in 2020, stands out sharply from its surroundings. The most striking feature is its age: it is one of the newest homes on the street (top 1%) and in the William Whyte neighbourhood (top 1%), where the average home was built in the 1920s or 1940s. The living area is 1,385 square feet, which is well above average for the immediate street and neighbourhood—though roughly in line with the citywide median for comparable homes. The assessed value reflects this: on the street and in the neighbourhood, the home ranks very high (top 18% and top 2%, respectively), but it sits closer to average when compared across all of Winnipeg. The lot size is 3,575 square feet, which is modest for the city but generous for the neighbourhood—top 12% locally.
The appeal lies in the combination of new construction and an established, older neighbourhood. You get a modern, efficient home without being in a sprawling new development on the city’s edge. It would suit buyers who value a walkable, central location but don’t want to take on the maintenance, renovation, or energy costs of a century-old house. It may also appeal to someone looking for a home that is already priced near the top of the local market, offering a known baseline rather than future renovation uncertainty.
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Why is the assessed value high for the neighbourhood but average for the city?
Homes in William Whyte generally have lower assessed values, partly due to older housing stock. This property’s 2020 build and larger living area push it to the top of the local market. Across Winnipeg, however, there are many larger, more expensive homes in other areas, so it lands near the citywide median.
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The lot is smaller than the street average, but ranks high in the neighbourhood—how?
The street average lot is 4,014 sqft, which is slightly bigger than this home’s 3,575 sqft. But many neighbouring properties in William Whyte have even smaller lots (averaging 3,277 sqft), so locally it’s above average. Compared to newer suburbs with larger lots, it’s below the citywide norm.
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Is the “living area” based on total square footage or just above-ground rooms?
The data uses “living area,” which typically includes finished, heated spaces above grade. Basements and garages are usually excluded. For a 2020 build, this figure likely reflects the main and upper floors.
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How does a 2020 home compare to the mostly pre-war houses nearby in terms of construction or energy efficiency?
It would generally have better insulation, modern windows, up-to-date electrical and plumbing, and likely a more efficient heating system. You avoid common older-home issues like knob-and-tube wiring, lead pipes, or settling foundations—though you should still get a standard inspection.
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Does the “top 2%” neighbourhood value mean this home is overvalued for the area?
Not necessarily. The ranking shows it’s one of the most expensive homes in William Whyte, but the value is supported by its new construction and larger size. It suggests you’re paying a premium for a modern home in a historically lower-priced area, rather than buying a fixer-upper. Resale may depend on whether future buyers value the same trade-offs.