732 Sherburn Street

Property Overview: 732 Sherburn Street, Winnipeg

Key Characteristics & Appeal

This home at 732 Sherburn Street in the Minto neighbourhood is a practical, no-frills property built in 1930. Its primary appeal lies in its affordability and efficiency, presenting a straightforward entry point into the Winnipeg housing market. With 858 square feet of living space on a 3,002 sqft lot, the home is notably compact, ranking below the citywide average for size. This very compactness can be an advantage for those seeking lower utility costs, minimal upkeep, and a simpler footprint.

The assessed value is modest at $25,400, positioning it around the average for its immediate area but well below the broader city average. This indicates a property that is financially accessible, with correspondingly lower property taxes. A thoughtful perspective is that this home represents the "bones" of a neighbourhood—a stable, unpretentious property in a mature community where values are consistent rather than volatile. It would suit a first-time buyer, an investor looking for a rental property, or someone downsizing who prioritizes financial efficiency and location over space. Its recent sale history (between $150k-$200k in 2016) suggests it has served as a reliable, value-holding asset.

Frequently Asked Questions

1. Is this a small house?
Yes. At 858 sqft, the living area is below average for the city and even for its own street. It is a compact, efficient layout best suited for individuals, couples, or small families.

2. Why is the assessed value so much lower than the city average?
The assessed value of $25,400 reflects the property's modest size, age, and the typical values in the Minto area. Citywide averages are skewed higher by newer, larger homes in different neighbourhoods. This lower assessment generally translates to lower property taxes.

3. What does the "Top 19%" ranking for Year Built mean?
This statistic means this home, built in 1930, is newer than approximately 81% of the comparable homes on Sherburn Street. On its own block, it's one of the more recently built houses, which may suggest somewhat updated infrastructure relative to its immediate neighbours.

4. How can I find out the exact past sale price?
The exact sale prices are not publicly displayed in detail. The listing service offers to provide the precise sold price history manually via email upon request, at no cost and with no marketing spam.

5. What are the real costs beyond the purchase price?
Given the home's age (96 years), prospective buyers should budget for potential updates to major aging systems like plumbing, electrical, or the roof. The lower taxes and purchase price should be weighed against possible maintenance costs common for a house of this era.