Property Overview: 680 Sherbrook Street
Key Characteristics & Appeal
This is a substantial, century-old two-and-a-half storey home in Winnipeg's Daniel McIntyre neighbourhood. Its primary appeal lies in its above-average scale and land size for the area. With 1,876 sqft of living space, it ranks in the top 29% for size on its street and an elite top 5% within the neighbourhood. It sits on a 4,256 sqft lot, which is notably larger than most local properties, offering valuable outdoor space and potential.
The home suits buyers looking for a character property with room to grow or adapt. It’s ideal for those who value space over a modern, turn-key finish, as the basement is noted as unrenovated and there is no garage. The assessed value is modest compared to the city-wide average, which may indicate a different property tax calculation or condition, but it positions the home as a significant footprint for the price within its immediate community. Its history, with two sales since 2019 showing price appreciation, suggests a property in a transitioning area. This would appeal to practical investors, families seeking an in-neighbourhood anchor home, or hands-on owners who see value in the underlying assets—space and location—rather than a finished product.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is significantly lower than the city-wide average for comparable homes, but it is above average for both the street and Daniel McIntyre neighbourhood. This suggests the municipal assessment reflects the home's specific context and possibly its condition, not the current city-wide market. Recent sale prices from 2019 and 2021 provide a more direct guide to market value.
2. What does the "unrenovated basement" imply?
This typically indicates the basement is in original or functional condition but not modernized. Buyers should budget for potential updates and include a thorough inspection to assess foundational integrity, moisture control, and mechanical systems common in homes of this era.
3. Is the lack of a garage a major drawback?
For this area and property type, it is common. The large lot may offer space to add parking or a garage subject to zoning, but the appeal here is the house and land footprint, not built-in vehicle storage. On-street parking is the likely expectation.
4. How does the 1905 construction date affect the home?
While the home is older than most in the city, it is around average age for its street. This means character details are likely, but systems (roof, wiring, plumbing) may need attention or upgrading. The neighbourhood itself is established with many homes of similar vintage.
5. Why is the land size considered a key feature?
In a central neighbourhood, lot size is a fixed asset that often appreciates. This property's lot is in the top 4% for size in Daniel McIntyre, offering more private outdoor space and future flexibility (like additions or landscaping) than most nearby properties, which adds long-term value.