161 Shillingstone Road – Property Summary
Key Characteristics & Buyer Profile
This 1,209 sqft home, built in 1987, sits on a 6,131 sqft lot in Whyte Ridge, Winnipeg. Its standout feature is assessed value: at $525k, it ranks in the top 30% on its street and top 16% citywide. This suggests the property carries above-average value relative to its physical footprint. The living area, however, is smaller than most neighbours – bottom 6% on the street – and the home is slightly older than the surrounding housing stock (neighbourhood average year built is 1994). The land area is typical for the area but smaller than many other properties on the same street.
The appeal here is clear for buyers who prioritize value and location over interior space. The home offers strong assessed value relative to citywide averages, which may indicate good resale potential or a solid entry point into a desirable neighbourhood. It would suit someone who sees the property as a long-term hold, or who is willing to renovate or build an addition to increase living area. It's less suited for buyers looking for a move-in-ready home with generous square footage or a newer build. The combination of smaller living area but solid land and value suggests a fixer-upper or a teardown candidate, especially in a neighbourhood where larger, newer homes are the norm.
Frequently Asked Questions
1. How does this home’s value compare to others in Whyte Ridge?
It's around average for the neighbourhood (top 41%), but well above the citywide median. The assessed value is noticeably stronger than its street average ($525k vs. $510.9k), which may reflect upgrades, a better lot position, or market demand for this specific pocket.
2. Is the living area a problem?
It's small for the street (top 94% of homes on Shillingstone are larger) and for the neighbourhood. But at 1,209 sqft, it's still within range of many older starter homes in Winnipeg. The issue is context: buyers will be comparing it to neighbours that average over 1,500 sqft. That gap could matter for resale unless the price reflects it.
3. What about the age of the home?
Built in 1987, it's older than most homes in Whyte Ridge (average 1994) but newer than much of the city. For a 37-year-old home, maintenance history matters more than the year alone. Buyers should budget for typical updates: windows, roof, HVAC, and possibly foundation work.
4. How does the lot size compare?
At 6,131 sqft, the lot is average for the area (top 34%) but smaller than the street average of 7,434 sqft. It's not undersized, but it limits expansion potential compared to neighbours with larger lots. That said, citywide it's still above average (top 28%).
5. What type of buyer would this suit best?
Someone who values strong assessed value and location over interior space. It could work as a rental or long-term hold if the living area isn't a concern. It might also appeal to a renovator or builder willing to invest in an addition, given the property's relatively strong value per square foot. Families needing more space immediately would likely look elsewhere.