Property Overview: 628 Sherburn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home built in 1926, situated on a standard-sized lot in the Minto neighbourhood. Its key characteristic is its modest scale: at 740 sq ft, the living area is notably smaller than most comparable homes in the immediate area, city-wide, and even on its own street. This creates a distinct profile.
The appeal lies in its efficiency and position as an entry-point property. The assessed value is relatively strong for the Minto area, ranking above average locally, which suggests the property holds its value well within its immediate context despite its size. For the right buyer, the smaller footprint means lower utility costs, less maintenance, and a manageable space. The lot size is consistent with the neighbourhood, offering typical outdoor space for the area.
This home would best suit a first-time buyer, an investor looking for a rental property, or someone seeking to downsize into a low-maintenance, single-level dwelling. Its value is contextual—it’s a competitively positioned asset within its local market rather than a city-wide standout. A thoughtful perspective is that this property represents the practical, no-frills segment of homeownership, where affordability and location take precedence over square footage.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 740 sq ft, the home is significantly smaller than the average house in Winnipeg. It requires a lifestyle suited to compact, efficient living and may not be ideal for those needing multiple bedrooms or dedicated workspace.
2. How does its assessed value compare?
The assessed value of $28,100 is above the average for the Minto neighbourhood, indicating it is viewed favorably by assessors compared to its immediate peers. However, it is below the city-wide average, reflecting its more modest size and location.
3. What does the sale history indicate?
The property sold in the $250k-$300k range in 2022 and in the $150k-$200k range in a prior transaction. This history shows market activity and appreciation over time, but for an exact sale price, a manual request must be submitted.
4. What are the implications of a 100-year-old home?
Built in 1926, the home is of average age for its street and area. Buyers should budget for potential updates to older systems (like plumbing or wiring) and consider a thorough inspection to understand the condition of the original structure.
5. How does the lot size compare?
The 3,004 sq ft lot is very typical for Sherburn Street and the Minto area. It provides standard backyard space for the neighbourhood but is smaller than the expansive lots found in newer suburban areas of the city.