72 Shillingstone Road — Property Summary

Key Characteristics & Buyer Profile

This is a 1987-built home with 1,781 square feet of living space on a notably large 10,120-square-foot lot in Winnipeg’s Whyte Ridge neighbourhood. Its standout feature is the land: the lot ranks in the top 10% on the street, top 5% in the neighbourhood, and top 6% citywide. The living area is above average compared to similar homes across Winnipeg, though it sits closer to the median for Whyte Ridge itself.

The assessed value of $505,000 is around average for the street and neighbourhood, but significantly above the citywide average of $390,100. That gap suggests the property offers strong relative value — you're getting a larger-than-average home on an unusually large lot for a price that doesn't fully reflect the land premium.

The year built (1987) is older than much of the surrounding neighborhood, which tends toward mid-1990s construction. This isn't necessarily a drawback; it often means more established landscaping, mature trees, and a layout from an era when homes were built with larger rooms and bigger yards.

Who this suits: Buyers who prioritize outdoor space, privacy, and room to expand, renovate, or garden. Families looking for a lot that stands out in a well-established suburban area will find this appealing. It's less suited for someone wanting a turnkey newer build or a home that's already top-of-market in finishes. The land gives you optionality — a pool, a workshop, a large addition — that most comparable properties in this price bracket don't offer.

Frequently Asked Questions

1. How does the lot size compare to typical Whyte Ridge homes?
Significantly larger. The average lot in Whyte Ridge is about 6,175 square feet. This property's lot is 10,120 square feet — roughly 64% bigger. On the street itself, only five other lots are larger.

2. Is the assessed value a reliable indicator of market price?
Assessed value reflects the city's estimate for property tax purposes, not current market value. It's a useful benchmark but often lags behind actual sale prices, especially in competitive markets. In this case, the land alone makes it a potential outlier — buyers may pay a premium for the lot that the assessment doesn't fully capture.

3. Why is the year built shown as "below average" for the neighbourhood?
Most homes in Whyte Ridge were built in the mid-1990s (average 1994), so a 1987 home ranks among the older properties. That's not unusual for the area — it just means this was built in an earlier phase of development. The home is still only about 37 years old, which is well within normal lifespan for a well-maintained structure.

4. What does "Top 18% citywide" for living area actually mean?
Out of nearly 200,000 comparable homes across Winnipeg, this property ranks in the 18th percentile for living space — meaning it's larger than about 82% of them. It's a solidly above-average size for the city, though not exceptional within Whyte Ridge itself, where homes tend to be roomy.

5. Are there any trade-offs with a larger lot worth knowing about?
Yes. More land means more upkeep: mowing, weeding, snow clearing, and watering all take more time and money. It also means higher property taxes, since assessments factor in land value. On the upside, you get far more flexibility for outdoor living, and resale potential is stronger because large lots in good neighborhoods are increasingly rare.