Property Overview & Appeal
This home at 641 Sherburn Street in Winnipeg's Minto neighbourhood presents a compelling mix of space and value. Its key characteristic is a generous 1,676 sqft of living area, which places it in the top 10% of homes on its street and the top 6% within the Minto area, offering significantly more interior space than many local comparables. Built in 1914, it is a character home of its era, sharing a similar vintage with many properties in the immediate vicinity.
The primary appeal lies in this above-average interior footprint at a municipal assessed value that is notably lower than the citywide average for homes. This suggests a potential value proposition for buyers seeking more room without a premium price tag, especially when compared to newer or suburban homes. The lot, while smaller than the Winnipeg average, is typical for the central neighbourhood.
This property would suit a practical buyer looking for a character home with ample living space in a central location. It's ideal for someone who prioritizes interior square footage over a large yard or modern construction, and who is prepared for the maintenance considerations of a 112-year-old home. A thoughtful perspective is that its high space ranking locally against a lower citywide value assessment could indicate an opportunity in a neighbourhood that may be undervalued relative to the functional living space it provides.
Frequently Asked Questions
1. How does the home's assessed value compare to its likely market price?
The assessed value is $29,100, which is for municipal tax purposes. Historical data shows the home sold in the $250,000-$300,000 range in 2019. Market price is determined by current conditions and can differ significantly from the assessed value.
2. What should I consider with a home built in 1914?
While the home shares its era with many in the area, a thorough inspection is essential. Consider the age and condition of major systems like wiring, plumbing, and the foundation. Updates over the years will be a key factor in its condition and value.
3. The living area is large for the area, but the lot is smaller. What does this mean?
This indicates the home likely utilizes its lot efficiently, offering more indoor living space relative to the outdoor area. It's a trade-off that prioritizes the house itself over yard size, which is common in older, central neighbourhoods.
4. How can I find out the exact past sale price?
The exact sold price is not publicly displayed. You can request it by email through the listing service; they provide the accurate figure manually without using your email for marketing.
5. The rankings show "top 6%" for living area in Minto but "top 73%" for value citywide. Why the disparity?
This highlights a key feature: you get a lot of house for the money within the local Minto context. The citywide ranking includes newer suburbs and more expensive areas where average home values are much higher, so the home's assessed value appears lower by comparison.