Property Overview
638 Sherburn Street is a 1,464 sqft home built in 1914, situated on a 3,007 sqft lot in Winnipeg's Minto neighbourhood. Its recent sale price fell between $400,000 and $450,000 in 2024. The appeal of this property lies in its context: it offers more living space than most homes in its immediate area and on its street, presenting a value-oriented opportunity in the broader city market.
Key Characteristics & Appeal
This home stands out primarily for its above-average interior space relative to its locale. With living area rankings in the top 20% on its street and top 10% in the Minto area, it provides more room than many neighbouring properties. This makes it a practical choice for buyers needing more square footage without moving to a newer suburban district. The lot size is typical for the area, and the 1914 build date is consistent with the neighbourhood's character. The assessed value is modest compared to the city-wide average, suggesting its appeal is highly neighbourhood-specific. It would suit a value-conscious buyer looking for a character home with generous interior space in a central, established community, potentially a small family, a couple, or an investor familiar with the area's dynamics. A thoughtful perspective is that this property represents a "larger fish in a smaller pond"—its metrics are strongest when compared locally, offering space and established neighbourhood charm that can be harder to find in newer city subdivisions.
Frequently Asked Questions
1. How does the recent sale price relate to the assessed value?
The assessed value is significantly lower than the 2024 sale price range. This is common, as municipal assessments for tax purposes often lag behind current market values, which are influenced by recent sales, demand, and property condition.
2. What does the 1914 build date mean for maintenance?
As a 112-year-old home, it likely possesses character but also requires a diligent inspection. Buyers should budget for potential updates to older systems like wiring, plumbing, or insulation, while also appreciating the craftsmanship of its era.
3. Why is the living area considered above average locally but only average city-wide?
This highlights the neighbourhood context. Minto generally features more compact, older homes. Compared to these, this house is spacious. City-wide averages include many newer, larger suburban homes, which shifts the benchmark.
4. Is the lot size a limitation?
At just over 3,000 sqft, the lot is standard for the street and area. It provides adequate outdoor space for a garden or patio but is not suited for major expansions or those seeking extensive yard space. This is typical for central, mature neighbourhoods.
5. How can I find out the exact sold price?
The exact sold price is not publicly displayed in detail due to data privacy practices. You can request it by email from the listing service; they provide the accurate figure manually without using your email for marketing spam.