2 Shillingstone Road – Property Summary
Key Characteristics & Buyer Profile
This 1987 home in Whyte Ridge offers 1,345 square feet of living space on a 6,726-square-foot lot, with an assessed value of $489,000. The property sits slightly below its street and neighbourhood averages for living area and assessed value, but it holds up well city-wide: it ranks in the top 39% for living area and top 22% for assessed value across Winnipeg.
Where the home really stands out is the land. The lot is larger than typical for the neighbourhood (top 24%) and city-wide (top 19%). This is the sort of property where the yard gives you room to breathe in a mature area—something increasingly uncommon. The year built (1987) is about average for the street but older than the broader Whyte Ridge area, which trends toward the mid-90s. That said, city-wide it's newer than 75% of homes.
The appeal lies in the balance: it’s not the biggest or newest on its street, but it’s competitively priced within a desirable neighbourhood, with a good-sized lot. Buyers likely include families looking for more outdoor space in a well-established suburb, or those who see value in an older home that may not command the premium of a newer build. It could also suit someone who wants to avoid the cookie-cutter feel of newer developments while still being in a cohesive community. Investors or first-time buyers might be drawn by the assessed value lagging behind the neighbourhood average—possibly indicating room for growth or renovation upside.
Five Possible FAQs
1. How does this home compare to others on Shillingstone Road?
It’s around average for living area, but slightly below average for assessed value and land area. It’s one of the older homes on the street, ranking 51st out of 63 for year built. So it sits more toward the modest end of the street’s range.
2. Is this considered a good value compared to Winnipeg overall?
City-wide, the assessed value ranks in the top 22%, which is above average for comparable homes. The living area also sits slightly above average. Given the larger-than-typical lot, it may offer more per dollar than many newer, smaller-lot homes elsewhere.
3. Why is the assessed value lower than the neighbourhood average?
The neighbourhood average for Whyte Ridge is about $529,600, while this home is assessed at $489,000. That likely reflects its smaller living area (1,345 sqft vs. 1,666 sqft neighbourhood average) and older construction year, though the city-wide data suggests the gap isn’t unusual for its age and size.
4. What does the land size mean in practical terms?
At 6,726 sqft, the lot is larger than 76% of properties in the neighbourhood and 81% city-wide. That typically means a bigger backyard, more space for gardening, a shed, or outdoor entertaining, and potentially less neighbour proximity. It’s a feature that matters most if you plan to stay a while.
5. Should I expect the assessed value to increase over time?
That depends on market trends and any improvements you make. The home is already above average city-wide, but below its street and neighbourhood averages. If the area continues to appreciate, or if you invest in updates, the gap could close. However, the older age and modest size may limit how much it catches up without significant work.