Property Overview: 558 Sherburn Street, Winnipeg
Key Characteristics & Appeal
This home presents a compelling profile defined by a significant contrast between its interior space and its lot. Built in 1913, it is an older character home in the Minto neighbourhood. Its primary appeal lies in its generous 1,952 sqft of living area, which ranks in the top 4% of homes on its street and the top 2% within the Minto area, offering substantially more interior space than local averages. This makes it a standout for buyers seeking roominess without a modern, sprawling footprint.
However, this space comes on a modest 2,488 sqft lot, which is below average for the street and area. This creates a specific dynamic: the value is heavily concentrated in the built structure rather than the land. The assessed value reflects this, sitting above average for the immediate locale. A thoughtful perspective is that this property may appeal to those who prioritize indoor living and functional space over yard maintenance or outdoor privacy, or to an investor who sees value in the sizable structure on a manageable lot. It would suit a buyer looking for a character home with ample room, potentially for a home office or family living, within a mature neighbourhood, and who is comfortable with the trade-offs of an older home and a smaller lot size.
Frequently Asked Questions
1. What does the "Elite" ranking for living area actually mean?
It means this home's interior square footage is among the very highest when compared to similar properties on Sherburn Street (top 4%) and in the wider Minto area (top 2%). You are getting significantly more indoor space than is typical for this location.
2. The lot size is ranked "below average." How big of a concern is this?
It depends on your lifestyle. The lot is smaller than most on the street and in the city. This likely means a compact backyard and less distance from neighbours. If a large private yard is essential, this may not be ideal. If you prefer less outdoor maintenance and value indoor space more, it's a reasonable trade-off.
3. The home was built in 1913. What should I consider?
While offering classic charm, a 113-year-old home will likely have older infrastructure. A thorough inspection for the foundation, plumbing, electrical systems, and insulation is crucial. Budgeting for updates and understanding the character of an older home's layout and energy efficiency are important next steps.
4. The assessed value seems low compared to the last sold price range. Why?
Municipal assessed value (shown as $32.80k) is for tax purposes and is not a market valuation. The prior sold price range ($350k-$400k in 2021) reflects the actual market value at that time. Always rely on a current market analysis for today's value.
5. How can I find out the exact past sold price?
The listing notes that exact sold prices are provided manually upon request to verified users. You can submit your email via the provided button to receive the precise historical sale figure directly, as this detailed data is not displayed publicly on the site.