42 Sherwood Place

Property Overview

This home at 42 Sherwood Place presents a compelling opportunity in Winnipeg's Varennes neighborhood. Its appeal lies in a balanced profile that offers both a comfortable, established living space and a standout lot size within its immediate area. The house itself, built in 1932, is consistent with the character of its street and neighborhood. With just over 1,000 square feet of living space and an assessed value of $300,000, it sits comfortably around the average for its direct surroundings on Sherwood Place. This suggests a home that is well-proportioned and priced in line with local expectations, avoiding the premium often attached to the largest or newest homes on the block.

The property’s most distinctive feature is its land. The lot size of nearly 7,000 square feet is not only above average for the street but ranks in the elite top 4% within the wider Varennes neighborhood. This creates a valuable contrast: a modest, maintainable home on a generous parcel of land. It suits a practical buyer who values space for gardening, recreation, or future expansion more than a large interior footprint. It would also appeal to someone seeking an established, no-surprises home in a mature community, where the investment is grounded more in the land than in an oversized structure.

Frequently Asked Questions

1. How does this home really compare to others nearby?
The data shows it is very typical for Sherwood Place in terms of size, age, and value. Its lot, however, is significantly larger than most in the Varennes neighborhood, which is a key differentiator.

2. Is the assessed value a reliable indicator of the market price?
The assessed value of $300k is close to the street average and below the neighborhood average, providing a stable baseline. However, market conditions and the home's specific condition will ultimately determine the sale price.

3. What are the implications of the 1932 build date?
It means the home is older than most in Winnipeg. Buyers should anticipate character typical of that era and ensure proper inspections for systems like wiring and plumbing, which may have been updated over time.

4. The living area is below the city average. Does that make it small?
While below the Winnipeg average, it is on par with homes on its street and in Varennes. It indicates a efficient, likely easier-to-maintain space rather than an unusually small one for this specific location.

5. Why is the lot size highlighted as so important here?
In a neighborhood where lots average under 5,000 sq ft, this nearly 7,000 sq ft lot is a rare find. It offers privacy, outdoor potential, and a land value that may appreciate independently of the home itself.