157 Sheffield Road – Property Summary
Key Characteristics & Buyer Profile
This home at 157 Sheffield Road, built in 1994, offers 1,376 square feet of living space on a 5,057-square-foot lot. Its assessed value is $486,000.
The property’s strongest feature is its age. Built in 1994, it ranks in the top 20% citywide for newer construction—well above Winnipeg’s average build year of 1966. That makes it more modern than many homes in the area, with fewer major system updates likely needed.
Where the property is less competitive is on street and neighbourhood comparisons. On Sheffield Road itself, it ranks near the bottom for living area (top 97%) and lot size (top 91%). Within Whyte Ridge, it also sits below average for both size and assessed value. However, citywide, the living area (1,376 sqft) is around average, and the assessed value ($486,000) is actually above average—ranking in the top 22% across Winnipeg.
What this means for buyers: This home is a solid, mid-range option within an established, well-regarded neighbourhood. It does not have the largest floor plan or lot on its street, but it offers a newer home in a city where much of the housing stock is older. It would suit buyers who prioritize a more recent build and a reasonable price point over maximum square footage or a premium lot. It may also appeal to those who value Whyte Ridge’s neighbourhood character but are working within a budget that wouldn’t stretch to the largest homes on the street.
Five Common Questions
1. How does this home compare to others on Sheffield Road?
On this street, it is among the smaller and lower-valued homes. Living area ranks in the bottom 3% of comparable homes, lot size in the bottom 9%, and assessed value in the bottom 5%. If having one of the larger properties on the block matters to you, this likely isn’t it. But if you prefer a more modest footprint in a street of larger homes, that can also mean less competition and a lower entry price for the location.
2. Is the assessed value of $486,000 reasonable for this area?
Within Whyte Ridge, the assessed value is below the neighbourhood average of $529,600, which is consistent with the smaller living area and lot. But citywide, $486,000 is well above the average of $390,100 for comparable homes. So it’s reasonable for the neighbourhood and the newer construction, even if it’s not the highest-value home on its street.
3. What’s the lot like, and is 5,057 square feet enough?
The lot is below average for Sheffield Road (where the average is 6,179 sqft) and for Whyte Ridge (6,175 sqft). Citywide, it’s around average. For most buyers, a lot this size is perfectly adequate for a single-family home with a yard, garden space, and possibly a small deck or patio. It won’t be sprawling, but it also won’t feel cramped. It’s a typical suburban lot for a home built in the mid-90s.
4. Why is the living area smaller than the neighbourhood average but still around average citywide?
Whyte Ridge is a neighbourhood with generally larger homes relative to the rest of Winnipeg. Many homes there are above 1,600 square feet. So 1,376 sqft is on the smaller side for that area. But across the entire city, the average living area for comparable homes is 1,342 sqft, so this home is right in line with what’s typical in Winnipeg. The difference just reflects the local market.
5. What does “Top 20%” for year built actually mean for maintenance and upgrades?
It means the home is newer than 80% of comparable properties in Winnipeg. That usually translates to more modern construction methods, better insulation, and fewer immediate concerns with major systems like plumbing, electrical, or the roof compared to a 1960s home. However, it was built in 1994, so it’s now over 30 years old. You should still expect that some systems—like the furnace, water heater, or windows—may be nearing the end of their expected lifespan. It’s newer, not brand new.