409-155 Sherbrook Street – Property Summary
Key Characteristics & Buyer Profile
This is a condo unit built in 2013, which makes it one of the newest homes on Sherbrook Street (ranked #1 out of 92) and in the West Broadway area (ranked #1 out of 61). The living area is 726 square feet—slightly above the street and neighborhood averages, but below the citywide median for comparable homes (1,042 sqft). The assessed value is $211,000, which is well above the street average of $148,500 and the neighborhood average of $174,700, though still below the citywide average of $256,100.
The appeal here is twofold. First, you’re getting a relatively recent build in a neighborhood where most homes date from the late 1980s or mid-1990s. That means modern construction standards, likely better insulation, and less deferred maintenance. Second, the assessed value suggests the unit has held its worth better than many nearby properties—it ranks in the top 12% on the street and top 18% in the area. The trade-off is the modest square footage relative to the broader city market, which may matter if space is your priority.
This property would suit a buyer who values a newer, well-maintained unit in a central Winnipeg neighborhood, and who isn’t looking for a large footprint. It could work well for a single professional, a couple, or someone looking to downsize without moving to a suburban complex. It’s less ideal for families needing multiple bedrooms or anyone prioritizing maximum square footage for the price.
Frequently Asked Questions
1. How does the living area compare to other condos in West Broadway?
It’s above average. The neighborhood average for comparable homes is 653 sqft, so this unit’s 726 sqft puts it in the top 23%. It’s not unusually large, but it’s a bit more roomy than many nearby options.
2. Why is the assessed value higher than the street and neighborhood averages?
Likely a combination of the newer construction and the unit’s condition or finishes. Properties built in 2013 tend to have higher assessed values than older stock, and this one ranks in the top 12% on Sherbrook Street. That said, the citywide average is still higher, so it’s not overvalued relative to Winnipeg as a whole.
3. Is this a good investment for resale value?
Hard to say with certainty, but the rankings suggest it’s already performing well locally. Newer builds in older neighborhoods often hold value better because they require fewer immediate repairs. The assessed value being well above the street median is a positive signal.
4. How does the year built affect maintenance costs or insurance?
A 2013 build means the major systems—roof, HVAC, plumbing, electrical—are roughly a decade old. That’s younger than most homes in the area, so you’re less likely to face big-ticket replacements soon. Insurance rates can also be slightly lower for newer construction, though that varies by provider.
5. What’s the neighborhood like in terms of walkability and amenities?
West Broadway is a central, older neighborhood with a mix of residential and commercial. It’s generally walkable, with grocery stores, cafes, and bus routes nearby. The specific address on Sherbrook Street puts you close to the health sciences centre and downtown—convenient if you work in that corridor, but worth noting the area has a more urban, diverse feel than suburban developments.