Property Summary: 29 Sherwood Place, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Varennes home presents a practical opportunity. Built in 1924, its 849 sqft living space is typical for Sherwood Place and the immediate neighborhood, offering a comfortable scale that is easier to maintain than a larger city-average home. The property’s standout feature is its 5,253 sqft lot, which is notably larger than most in the Varennes area, providing valuable outdoor space and potential in a neighborhood context.
The appeal lies in its balance and positioning. With an assessed value below city averages, it represents a more accessible entry point into the Winnipeg market. It suits first-time buyers seeking a manageable home with a generous yard, or practical downsizers looking to stay in the area without the upkeep of a larger house. A thoughtful perspective is that while the home itself is average for its street, the lot size offers a relative rarity for the neighborhood—a private outdoor asset that isn't reflected in the living area square footage.
Section 2: Frequently Asked Questions
1. Is the house smaller than average?
Yes, compared to the overall Winnipeg average. However, it is very much in line with the typical home size on its own street and in the Varennes neighborhood, where smaller, character homes are common.
2. What does the assessed value tell me?
The assessed value of $249k is below the city average, which can indicate a relatively lower property tax base. It's around average for the immediate area, suggesting the price reflects local norms rather than being undervalued.
3. How does the lot size compare?
The lot is a key feature. It is larger than 83% of lots on the street and is above average for the Varennes neighborhood, offering more private outdoor space than many surrounding properties.
4. Is the age of the home a concern?
Built in 1924, it is older than the city average but typical for its street. This suggests potential for character but also means a thorough inspection is essential to understand the condition of major systems and any needed updates.
5. Who would this property suit best?
It's ideal for buyers prioritizing lot size and neighborhood location over interior square footage. It fits those comfortable with a home of average size for the area who value the potential of a larger yard for gardening, recreation, or future expansion.