185 Sheffield Road – Property Summary
Key Characteristics & Buyer Profile
This is a 1,464-square-foot home built in 1995 on a 5,277-square-foot lot in Whyte Ridge, Winnipeg. Its strongest asset is the assessed value: at $510,000, it ranks in the top 18% citywide, meaning it carries above-average equity compared to homes across Winnipeg. The living area is below average for the street (ranked 83rd out of 91), but citywide it’s actually in the top third—so the home feels compact for its immediate neighbours, not for the city as a whole. The land area is fairly average across all scopes: not cramped, not generous.
The appeal lies in the balance between a newer build (1995 puts it in the top 20% citywide, where the average home is from 1966) and a price that stays competitive for the neighbourhood. You’re not getting the biggest house on the block, but you’re getting a well-valued property in a stable area without the maintenance headaches of an older home. This would suit a buyer who prioritizes modern construction and reasonable property tax value over square footage, or someone who wants to enter a higher-ranked street without paying a premium for the largest unit. It’s less ideal for buyers who need maximum interior space or a large lot for extensions.
Five Frequently Asked Questions
1. How does this home compare to others on Sheffield Road specifically?
It’s smaller than most (1,464 sqft vs. the street average of 1,866 sqft) and valued slightly lower ($510K vs. $547K). But it’s also newer than many homes on the street—most were built in 1995 as well, but it ranks in the top third for newness. So you’re getting a similar age to the neighbours at a below-average price point.
2. Is the assessed value of $510,000 accurate for a home this size?
The assessment puts it above the citywide median ($390K) and slightly below the street average ($547K). That suggests the valuation reflects the quality of the neighbourhood and the home’s age more than its raw square footage. It’s not overvalued for what it is, but it’s also not a bargain by street standards.
3. Would this property be good for future resale?
Moderately good, but not exceptional. The land area is average, so there’s no oversized lot to attract developers. The living area is on the smaller side for the street, which could limit appeal to families who want more room. However, the newer build and strong citywide valuation rank give it stability—it’s unlikely to depreciate sharply compared to older homes in less desirable areas.
4. What are the downsides of the lot size?
At 5,277 sqft, it’s slightly below the street average (6,179 sqft) but still above the citywide average. You won’t have a huge backyard, but it’s not unusually small for Winnipeg. The main trade-off is that you have less outdoor space than many neighbours, which could matter if you plan to add a garage, shed, or garden.
5. How does the neighborhood (Whyte Ridge) compare overall?
Whyte Ridge ranks around average for living area (top 67%) and assessed value (top 52%). It’s not a luxury enclave, but it’s a solid middle-ground area with consistent home ages (mostly mid-1990s). The main advantage is that you’re in a neighbourhood that’s newer than most of the city, with predictable quality—less risk of surprise repairs compared to older central Winnipeg homes.