181 Sheffield Road – Property Summary
Key Characteristics & Buyer Profile
This 1996-built home in Whyte Ridge offers 1,951 sq. ft. of living space on a 5,277 sq. ft. lot. Compared to other properties in Winnipeg, it stands out for its size and assessed value. City-wide, the living area ranks in the top 12%, and the tax assessment (approx. $580,000) places it in the top 10%—well above the city average of $390,000. Within the immediate neighbourhood, the home is also above average in both size and value, though the lot is slightly smaller than the local norm. The build year is newer than most homes in Winnipeg (average 1966) but typical for Whyte Ridge.
The appeal here is straightforward: you get a solidly built, well-sized home in a established suburb without paying a premium for the largest lot on the street. It’s not a showpiece, but it’s comfortably above average in the ways that matter for daily living—space, age, and assessed value. This property suits buyers who want a move-in-ready home with good resale fundamentals: a practical layout, a desirable neighbourhood, and numbers that suggest long-term stability. It’s less suited to someone looking for a oversized yard or a fixer-upper with renovation upside.
Five Possible FAQs
1. How does the property compare to others on Sheffield Road specifically?
On its own street, the home is close to the average living area (1,866 sq. ft. vs. 1,951 sq. ft.) and built slightly newer than most (1996 vs. 1995 average). Its assessed value ranks in the top 20% of the street, and the lot is a bit smaller than the street average (5,277 vs. 6,179 sq. ft.). So it’s a strong value relative to immediate neighbours, even if it doesn’t have the biggest yard.
2. Does the newer build year matter compared to older Winnipeg homes?
Yes, but mostly in terms of maintenance and efficiency. A 1996 home is newer than 81% of all houses in Winnipeg, meaning it likely has modern framing, wiring, and insulation standards compared to the city’s many older homes. Within Whyte Ridge, the build year is typical—most homes there were built in the mid-1990s.
3. Why is the lot considered “close to average” when it’s smaller than the city norm?
The city-wide average lot size is about 6,570 sq. ft., and this lot is 5,277 sq. ft.—below that by about 20%. But within Whyte Ridge and on Sheffield Road, lot sizes are generally around 6,100–6,200 sq. ft., so this lot is only slightly smaller than its direct neighbours. The ranking is being compared to those closer contexts, not just the city as a whole.
4. Is the assessed value of $580,000 a reliable indicator of market price?
Assessed value is used for tax purposes and doesn’t always match market value, but it does reflect the city’s estimation of the home’s relative worth. Because it ranks in the top 10% city-wide and top 15% in Whyte Ridge, it suggests the home is positioned at the higher end for its area—though final sale price depends on condition, upgrades, and buyer demand.
5. What type of buyer would get the most out of this property?
Someone who values a well-sized, newer home in a stable suburban neighbourhood without needing a standout feature. It’s a strong “solid all-rounder”—good for a family who plans to stay for several years and wants a home that holds its value relative to others nearby. It may not appeal to someone seeking a renovation project or a lot with room for a large addition.