104-155 Sherbrook Street – Property Summary
Key Characteristics & Buyer Profile
This is a 541 sqft unit built in 2013, located in the West Broadway area of Winnipeg. The property stands out for its construction year—it is the newest building on Sherbrook Street and one of the newest in the entire West Broadway neighbourhood, where most housing dates to the late 1980s or mid-1990s. The assessed value sits at $164,000, which is slightly above the street average but below the city-wide median.
The appeal here is not space. The unit is small relative to typical Winnipeg homes (the city average for comparable properties is 1,042 sqft), and even within its own street and neighbourhood, it ranks in the lower third for size. What this property offers instead is a newer build in a central location, at a price point well under the city-wide average. Buyers are likely to be singles or couples who prioritize a modern, low-maintenance unit over square footage, and who are comfortable with the trade-off that comes with older, denser inner-city neighbourhoods. It may also suit investors looking for a well-priced entry into the West Broadway market, given the building’s age and relatively stable assessed value compared to older stock nearby.
Frequently Asked Questions
1. How does the size of this unit compare to others in West Broadway?
It's smaller than most. At 541 sqft, it's below both the street average (658 sqft) and the neighbourhood average (653 sqft). It ranks in the bottom third of units in the area.
2. Why is the assessed value lower than the city average but higher than the street average?
The city-wide average assessment for comparable properties is $256,000, so this unit is well below that. On Sherbrook Street, however, the average is $149,000, so this property sits above it. This suggests that the street has older, lower-value buildings weighing down its average, while this 2013 build holds higher relative value.
3. How new is this building compared to others nearby?
It was built in 2013, making it the newest on Sherbrook Street (ranked 1 out of 92) and among the newest in West Broadway. Most nearby properties date to the late 1980s or early 1990s.
4. What kind of owner would this unit work best for?
Someone who values a newer, energy-efficient build and a central location over having a large amount of living space. It's well-suited for a first-time buyer, a single professional, or a couple who doesn't need extra rooms. Investors may also find it attractive because the newer construction could mean fewer immediate maintenance costs than older units in the same price range.
5. Are there any downsides to buying in this part of the city?
West Broadway is an older inner-city neighbourhood with a mix of housing stock, and some streets have aging infrastructure and a higher-than-average rental turnover. While this unit is newer and well-positioned on the street, buyers should consider the surrounding block's character and the neighbourhood's long-term trends, not just the building itself. A closer look at nearby properties—using the map comparison tool mentioned on the listing page—would be worthwhile.