140 Sherbrook Street – Property Summary
Key Characteristics & Buyer Profile
This property stands out most for its land. At 6,141 square feet, it ranks in the top 5% on Sherbrook Street and top 3% in the West Broadway neighbourhood. The lot is significantly larger than the street average of 3,902 square feet, which is unusual for this area and gives the property flexibility for expansion, gardening, or simply more outdoor space than most neighbours have.
The home itself offers 2,097 square feet of living space, putting it in the top 19% on the street and top 9% citywide. While the interior is spacious, the building was constructed in 1902, placing it among the older homes in Winnipeg (top 99% for age). Buyers should expect the maintenance and character that come with a century-old house, and likely some updates depending on the current condition.
The assessed value of $295,000 sits above the street average ($202,000) but below the city average ($390,000). This suggests a property that offers substantial space and lot size at a price point that looks reasonable relative to the broader market. Within the neighbourhood, the assessed value is right at the average, indicating the home is not unusually expensive for West Broadway.
This property would suit: A buyer who values land and interior square footage over a modern build. Someone willing to invest in maintenance or renovations on an older home, who wants a large lot in a central neighbourhood without paying a citywide premium. It may also appeal to those looking for a property with potential to add value through updates or possible redevelopment (subject to local zoning).
Frequently Asked Questions
1. How does the land size compare to other properties in Winnipeg?
The 6,141 sqft lot ranks in the top 28% citywide, which is above average but not exceptional for Winnipeg as a whole. Its real strength is within the neighbourhood, where it ranks in the top 3%.
2. Is the assessed value of $295,000 likely to reflect the market price?
Assessed value is used for property tax calculations and may differ from market value. Given that the assessment is above the street average but below the city average, and the home is older with a large lot, the market price will depend heavily on the home's condition and recent comparable sales in West Broadway.
3. What should I expect from a home built in 1902?
Older homes often have solid construction (e.g., old-growth lumber) but may require updates to electrical, plumbing, insulation, and roofing. Lead paint and asbestos were common in that era. A thorough inspection is strongly recommended. The home’s age also means it lacks modern open-concept layouts and may have smaller rooms.
4. How does this property compare to others on Sherbrook Street?
It ranks in the top 19% for living area (2,097 sqft vs. 1,600 avg), top 5% for land (6,141 sqft vs. 3,902 avg), and top 9% for assessed value ($295K vs. $202K avg). It is one of the older homes on the street (ranked 89th out of 110 for build year). In short: more space, more land, higher tax value, and older than most neighbours.
5. Is this property suitable for redevelopment or adding a secondary suite?
The large lot suggests potential, but zoning, setback requirements, and heritage considerations in West Broadway would need to be checked with the city. Older homes in this area sometimes fall under conservation districts, which can limit changes. Buyers interested in this should confirm municipal rules before making any plans.