574 Sherburn Street

Property Overview

This home at 574 Sherburn Street in Winnipeg's Minto neighbourhood presents a compelling mix of space, value, and established character. Built in 1913, its primary appeal lies in its generous living area, which is significantly larger than most comparable homes in the immediate area and across the city. The property sits on a standard city lot, offering a balanced footprint.

Key Characteristics & Appeal

The standout feature is the nearly 1,917 sqft of living space, which ranks in the top 5% on its street and top 2% in the Minto area. This makes it a notably spacious option, especially for the neighbourhood. The assessed value is consistently above average for both the street and the area, suggesting a solid perceived worth relative to its peers. While the home's age means potential heritage charm, it also implies a need for diligent maintenance and updates. The lot size is typical for the local context.

This property would best suit a buyer who prioritizes interior space over a large yard and is prepared for the realities of owning a century-old home. It’s ideal for someone looking for a character home with room to grow in a central location, who values a house that already stands above its neighbours in terms of square footage and assessed value. A thoughtful buyer might see the older construction date not just as a challenge, but as an opportunity to own a piece of local history with proven, long-term stability in the market.

Frequently Asked Questions

1. How does the home’s age affect its value and condition?
Built in 1913, the home is older than most in the city. This can mean charming original features but also necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. Its above-average assessed value for the area indicates these factors are already considered in its official valuation.

2. Is the living space configured efficiently for modern living?
While the living area is large, the layout of a 1913 home may differ from modern open-concept designs. Buyers should consider if the room divisions and flow suit their lifestyle, as reconfiguring spaces in an older home can be a significant project.

3. What does the above-average assessed value mean for property taxes?
The assessed value is higher than many nearby homes, which typically results in a proportionally higher property tax bill. It’s advisable to research the exact annual tax amount to budget accurately.

4. The lot is smaller than the city average. Is there room for expansion or outdoor living?
With a lot size around 3,000 sqft, outdoor space is consistent with the neighbourhood but more limited than in suburban areas. Major additions may be challenging, but the space can still accommodate a garden or patio suited to city living.

5. The home sold previously in 2017. How can I learn more about its history?
Exact sale prices are not publicly listed in detail. You can request the precise sold price history by emailing the listing service, which provides this information manually without marketing spam.