142 Sheffield Road, Whyte Ridge

Property Overview & Buyer Profile

This 1,384 sqft two-storey home, built in 1996, sits on a 5,280 sqft lot in Winnipeg’s Whyte Ridge neighbourhood. Its assessed value is $475,000.

Key characteristics: The house is newer than most of its citywide and street-level peers—ranking in the top 19% for year built across Winnipeg—but its living space is smaller than typical homes on Sheffield Road and in the broader neighbourhood. It's roughly average for land area across all three comparison levels (street, neighbourhood, city).

Where the appeal lies: The property offers a newer build in an established neighbourhood, with an assessed value that's above average citywide ($475K vs. $390K average) but below average relative to its own street and neighbourhood. This means a buyer gets a reasonably modern home without paying the top-of-market premium seen on the same street. The modest interior square footage also suggests lower heating and maintenance costs than larger nearby homes.

Who it suits: First-time buyers who want a newer home but are priced out of larger units on this street; downsizers looking for a more manageable footprint in a well-ranked neighbourhood; or buyers who prioritize a relatively recent build date and don’t need maximum interior space. The lot size is middle-of-the-road, so it would suit someone who wants a modest yard without the upkeep of a larger property.

Frequently Asked Questions

1. Why is the assessed value below the street average but above the city average?
The street and neighbourhood averages include many larger, higher-valued homes, which pulls the local median up. Citywide, a much wider range of housing stock—including older and smaller properties—keeps the average lower. This property sits in a gap: it’s a newer, moderately valued home in an area with several pricier neighbours.

2. Is the living area a disadvantage?
For someone who needs a spacious layout for a large family, yes. But smaller living area often translates to lower utility costs, less square footage to furnish, and a lower purchase price relative to neighbours. It can also be an advantage for resale if you're targeting buyers who prefer compact, efficient floor plans.

3. How does the land area compare to other properties in Whyte Ridge?
It's almost exactly average for the neighbourhood (5,280 sqft vs. neighbourhood average of 6,175 sqft) and slightly below average citywide. Not a standout feature, but not a dealbreaker either. The lot is functional for most standard uses—gardening, a small playset, parking—without being oversized.

4. What does "ranked top 19% for year built" actually mean for maintenance?
Homes built in 1996 are now nearly 30 years old. While the ranking is favourable compared to Winnipeg’s much older housing stock (citywide average year built is 1966), you should still budget for mid-life updates: roofing, windows, mechanical systems, and possibly foundation work, depending on maintenance history. The age advantage matters most when comparing to pre-1980 homes.

5. What is the "neighbourhood analysis map" mentioned in the data?
It’s an interactive map that lets you see this property alongside nearby houses. You can compare living area, year built, assessed value, and lot size block by block. It’s useful for understanding whether this home is an outlier on its street or part of a consistent pattern—helpful for pricing and renovation planning.