592 Sherburn Street

Property Overview

This home at 592 Sherburn Street in Winnipeg's Minto neighbourhood presents a distinct profile defined by its generous interior space on a standard city lot. Built in 1914, its primary appeal lies in offering significantly more living area than most comparable homes, while its assessed value remains modest relative to the broader city market.

Key Characteristics & Appeal

The standout feature is the living area of 1,939 sq ft, which ranks in the top 4% on its street and top 2% within the Minto area. This means the home offers substantially more interior space—nearly double the local average—which is a rare find for the price point suggested by its assessment. The lot size is also above average for the immediate street. However, the home’s age and assessed value are more typical for its local area, and sit below the Winnipeg city-wide averages.

This property would best suit a practical buyer looking to maximize interior square footage within a specific budget, particularly those interested in established neighbourhoods. It’s a compelling option for someone who values space over a modern build date and is potentially prepared to manage the maintenance or updates that come with a century-old home. The data suggests you are paying primarily for the considerable interior volume, not for land value or a recent build.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed values are heavily influenced by location, home condition, and local market trends. While this home has high interior square footage, its assessment is aligned with averages in Minto and on Sherburn Street, reflecting the prevailing values in this specific area compared to more expensive neighbourhoods city-wide.

2. What does the "Elite" ranking for living area actually mean?
It means that among all similar homes on Sherburn Street, this house has more living space than 96% of them. In the broader Minto area, it outperforms 98% of comparable properties. This is the home's most statistically distinguishing feature.

3. The home was last sold between 200k–250k in 2021. Is the assessed value the market value?
No. The assessed value (listed as $23,900) is for municipal tax purposes only and is typically much lower than market value. The previous sale price range from 2021 is a more relevant, though outdated, indicator of its market worth.

4. As a 1914 build, what should I be concerned about?
While the data doesn't specify condition, a home of this age likely requires a thorough inspection for foundational integrity, outdated wiring or plumbing, window efficiency, and overall energy performance. Its above-average size may also mean higher heating/cooling costs.

5. How useful are these neighborhood comparisons?
They are highly useful for understanding what you're getting relative to immediate alternatives. Here, they clearly show you are buying a home that is an outlier in size for the area, but typical in terms of age and tax assessment. This helps identify where the value proposition lies.