Property Overview: 294 Sherman Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 294 Sherman Street in Logan-C.P.R. is a classic, compact character property built in 1909. With 810 sqft of living space, it is notably smaller than average for the city, positioning it as a cozy, low-maintenance option. Its primary appeal lies in its lot size—at 2,431 sqft, the parcel is larger than most on its street, offering valuable outdoor space and potential in a central neighbourhood. The assessed value is significantly below city averages, suggesting a very accessible entry point into the market.
The property would suit first-time buyers or investors seeking a footprint in the city with a manageable scale and a focus on land value over square footage. It’s a practical choice for someone comfortable with a home that may require updates, who values a larger yard in a mature neighbourhood, and whose priority is getting onto the property ladder rather than acquiring move-in-ready perfection. A less obvious perspective is that its older vintage (1909) makes it a true neighbourhood original, but also means systems and structure require careful evaluation.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold price range?
Assessed values in Manitoba are for tax purposes and often don’t reflect current market value, especially for older homes in transitioning areas. The sold price range (CA$100k–150k in 2023) is a more accurate indicator of its market worth.
2. What does the "below average" living area mean for daily living?
At 810 sqft, the home is efficient. It likely has a classic two-bedroom, one-bathroom layout. This suits individuals, couples, or small families comfortable with simpler, connected living spaces and minimal belongings.
3. The lot is larger than others on the street. What are the implications?
This is a key feature. It provides more private outdoor space than neighbours and could allow for future additions like a garage, garden, or deck, subject to zoning bylaws. It also represents a higher proportion of the property's overall value.
4. As a 117-year-old home, what should I be most concerned about?
While charm is a draw, priority inspections should focus on the foundation, roof, wiring, plumbing, and insulation. These core systems in a century home can be costly to update if they haven’t been maintained.
5. How do the rankings and comparisons work on this page?
The rankings show how this property compares to similar homes on three levels: its immediate street, the wider Logan-C.P.R. neighbourhood, and across all of Winnipeg. A "Top 82%" rank for living area on the street, for example, means it is smaller than 82% of comparable homes on Sherman Street.