Property Overview: 603 Sherburn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1925, is a compact and character-filled property in the Minto neighbourhood. With 864 square feet of living space on a 2,826 sqft lot, it presents a manageable scale that stands out in its immediate area for its lower maintenance footprint. Its appeal lies in its position as a practical entry point into homeownership or a strategic investment. The assessed value is notably modest compared to the city-wide average, suggesting a potentially accessible price point and a different value proposition than newer or larger homes.
This property would best suit first-time buyers seeking an affordable starter home without a massive yard or house to maintain. It could also appeal to downsizers looking to right-size or pragmatic investors interested in a property with fundamentals that differ from the broader market averages. A thoughtful perspective is that its "below average" size and value metrics for the street might actually be an advantage, offering lower utility costs and property taxes, which aligns with a simpler, more efficient lifestyle.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others nearby?
At 864 sqft, the living area is smaller than many homes on Sherburn Street and in Winnipeg overall. However, it is closer to the average size for the broader Minto area, indicating it's a more typical offering for this specific community.
2. What does the assessed value indicate?
The assessed value is significantly lower than the city-wide average for comparable homes. It's essential to understand that assessed value is used for property tax calculation and is not a market price. This lower assessment typically correlates with lower annual property taxes.
3. What should I know about a home built in 1925?
The home is over a century old, which is common for the area. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems (plumbing, electrical, foundation) and any updates that have been made, as maintenance history is key.
4. Is the lot size a limitation?
The lot is under 3,000 sqft, which is smaller than the city average but fairly typical for the neighbourhood. This means less yard maintenance but also less private outdoor space. It's a practical lot for a small garden or patio setup.
5. How can I find out what this property previously sold for?
The exact sold price history is not publicly displayed. You can request this information directly via the email link provided on the listing page; the service manually provides accurate historical sale data upon request.