586 Sherburn Street

Property Overview: 586 Sherburn Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home on Sherburn Street in the Minto neighbourhood presents a compelling mix of space, location, and value. Its key appeal lies in offering more room than most comparable properties in the immediate area. With 1,425 square feet of living space, it ranks in the top quarter of homes on its street and top 12% within Minto for size, providing above-average interior space for the neighbourhood. The lot is also slightly larger than typical for the street.

Built in 1913, the home is a classic Winnipeg character property. This age means potential for original charm but also suggests buyers should be mindful of the maintenance and updates typical for a century-old home. The assessed value of $290,000 is above average for Minto and the street, yet sits below the city-wide average, highlighting the area's relative affordability. The home last sold between $250k-$300k in 2019.

This property would best suit a practical buyer who values interior space and a established neighbourhood over a new build. It’s ideal for someone comfortable with the character and upkeep of an older home, and who prioritizes getting more square footage for their budget within a community context rather than seeking a large city-sized lot.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to the rest of Winnipeg?
The assessed value is below the Winnipeg average, which is around $390k. This indicates the property is in a more affordable segment of the market, though it is priced above average for its specific neighbourhood and street.

2. What does the age of the home (1913) practically mean for a buyer?
As a 113-year-old home, it likely has character but may require careful attention to foundational, electrical, or plumbing systems that have evolved over time. An inspection is essential to understand the condition and any needed updates.

3. Is the lot size typical?
The lot is fairly standard for Minto and Sherburn Street, but is below the city-wide average. This means smaller outdoor space compared to many suburban areas, but is common for the inner-city neighbourhood.

4. The home sold in 2019. What can that price history tell me?
The previous sale price range suggests the assessed value has remained relatively stable. It provides a benchmark, but market conditions have likely changed since 2019, so a current market evaluation is necessary.

5. The data says the living area is "above average" for the area. How significant is this?
Ranking in the top 12% in Minto for size is a notable advantage. It means you are getting significantly more interior space than most homes in the immediate neighbourhood, which can be a key differentiator for comfort and value.