35 Sherwood Place

Property Overview: 35 Sherwood Place, Winnipeg

Section 1: Key Characteristics & Appeal

This 1945-built home on a 5,244 sqft lot presents a distinct value profile rooted in its established Varennes neighbourhood. Its primary appeal lies in a desirable balance: the assessed value of $318k is notably above average for its immediate street and neighbourhood, suggesting strong perceived value for the area, while the living space (700 sqft) is compact and below local averages. This creates an opportunity for buyers comfortable with a smaller interior footprint who prioritize land size and location within a community.

The property suits practical, value-oriented buyers. It would be ideal for a first-time homeowner looking to enter a stable neighbourhood without a premium price tag for square footage, or an investor seeking a rental property with a manageable scale. The lot size is a key asset—it’s larger than most in the Varennes area, offering potential for outdoor enjoyment, gardening, or future expansion, subject to approvals. A less obvious perspective is that a home with a value ranking significantly higher than its size ranking can indicate a well-maintained property or a particularly prized location on its block, factors not fully captured by raw data.

Section 2: Frequently Asked Questions

1. Is the house too small?
At 700 sqft, the living area is below the average for the street, neighbourhood, and city. It requires efficient use of space and would suit individuals, couples, or those comfortable with a cozy layout.

2. Why is the assessed value higher than the street average?
The home’s assessed value ($318k) ranks in the top 25% on its street. This typically reflects factors like the property’s condition, updates, the specific lot attributes, or a favourable positioning within the immediate area compared to neighbours.

3. How does the lot size compare?
The 5,244 sqft lot is a standout feature. It is larger than the Varennes neighbourhood average, offering more outdoor space than many nearby properties, though it is slightly below the average lot size on Sherwood Place itself.

4. What does the "year built" ranking mean?
Built in 1945, this home is newer than most on its street (ranking in the top 20%), about average for the Varennes area, but older than the typical Winnipeg home. This suggests a mature streetscape with classic character.

5. Are these rankings good or bad?
The rankings are comparative tools, not a verdict. They show a property that offers a trade-off: a smaller, older home in exchange for a larger-than-neighbourhood-average lot and an assessed value that suggests it is a premium property within its immediate context. It represents a specific type of value proposition.