102 Sheffield Road – Property Summary

Key Characteristics & Buyer Profile

This is a 1997-built, single-family home in Whyte Ridge, Winnipeg, with 1,511 sq ft of living space on a 6,376 sq ft lot. Its assessed value (for tax purposes) is $514,000.

Its strongest feature is the home’s age. Built in 1997, it ranks among the newest homes on its street (top 3%) and well above the Winnipeg average (top 19%). For a neighbourhood developed mostly in the mid-90s, this property still feels relatively modern compared to many surrounding homes.

The living area is modest by street and community standards (below average on Sheffield Road, close to average in Whyte Ridge), but it’s above average citywide. The land size is slightly larger than both its street and community averages, which gives it a bit more outdoor space without being oversized. The assessed value is below the street average but in line with the community, while sitting well above the city median.

Appeal & Suitability: This home suits buyers who want a newer build in an established suburban neighbourhood without paying a premium for the newest construction. It’s practical for someone who values a solid, well-located home that’s not the biggest or smallest on the block, but offers above-average land and a modern structure relative to the broader market. Renovators or flippers might find it less compelling, as the value sits close to the community average with limited upside from age or size alone. It’s better suited to a long-term owner-occupier who values a newer roof, foundation, and mechanicals compared to older city stock.

Five Frequently Asked Questions

1. How does the property compare to similar homes in Whyte Ridge?
   It’s close to the neighbourhood average for living area and assessed value. Its main standout is the newer construction year—built in 1997 versus the community average of 1994. The lot is slightly larger than most in the area.

2. Is this considered a large home for Winnipeg?
   The living area (1,511 sq ft) ranks in the top 30% citywide, so it’s above the typical Winnipeg home. But on its own street, it’s smaller than average. It’s a solidly mid-sized home for the city but on the smaller side within this particular street.

3. Why is the assessed value below the street average but above the city average?
   Sheffield Road has a higher concentration of larger or more valuable homes (average assessment $547,000). Whyte Ridge as a whole sits around $530,000. This home falls between those two, while the city average is much lower ($390,000) because it includes older, smaller, and more diverse housing stock.

4. Is the land size a practical advantage?
   The lot (6,376 sq ft) is above average for both the street and the community. It’s not a sprawling estate lot, but it offers more yard space than many neighbouring properties, which can matter for gardening, outdoor storage, or future additions like a shed or deck.

5. Would this home be a good investment for resale value?
   It sits near the community median for value, with a newer build year that appeals to buyers wanting less maintenance risk. The land size is a modest plus. However, it’s not an undervalued property, so any future appreciation is more likely to track the neighbourhood average rather than significantly outperform it.