Property Overview
580 Sherburn Street is a character home in Winnipeg's Minto neighbourhood, built in 1913. Its primary appeal lies in its generous 1,674 sqft living space, which ranks well above average for both the immediate street and the broader area. The lot is a standard city size at just over 3,000 sqft. Recent sales data indicates it sold for between $300,000 and $350,000 in 2023, with a current assessed value notably higher than many local comparables.
Key Characteristics & Appeal
This home stands out for its spacious interior relative to its peers, offering more room than most homes on its street and in the Minto area. This makes it a practical choice for buyers needing more square footage without moving to a newer suburb. Its 1913 construction means it has classic character but also implies a need for diligent maintenance and potential updates. The appeal is grounded in value: you get a significantly larger home in a mature neighbourhood, often at a price point competitive with smaller, newer properties. It would suit a buyer who appreciates older home charm and has the willingness or budget to manage upkeep, or an investor looking at the long-term value of a larger lot and structure in an established community. A less obvious perspective is that its above-average size but average lot footprint suggests a efficient use of land, potentially offering better privacy or a larger backyard footprint than some newer builds.
Who It Suits
This property is ideal for space-seeking first-time buyers, small families, or practical investors who prioritize interior square footage over a modern build. It is less suited for those seeking a low-maintenance, turn-key home or the very latest in amenities.
Frequently Asked Questions
1. How does the home’s age affect insurance and renovation potential?
As a home built in 1913, insurance premiums may be higher, and financing renovations could require specific inspections for knob-and-tube wiring or original plumbing. However, its sturdy construction and historical charm are often seen as benefits.
2. The assessed value seems high for the area. What does this mean?
The assessment is above average for Minto and the street, which typically reflects the home’s larger living area. It’s important to compare this with recent sale prices (like the 2023 sale) and current market conditions, as assessments are for tax purposes and not always identical to market value.
3. Is the lot size a limitation?
At 3,007 sqft, the lot is standard for the central neighbourhood. It provides adequate outdoor space but is below the city-wide average, which is skewed by newer suburban lots. It’s sufficient for a garden, deck, or play area but not for extensive additions.
4. What does the “Top 11%” ranking for living area actually tell me?
This statistic means that 89% of homes on Sherburn Street have less living area than this one. It’s a strong indicator that this property offers uncommon interior space in its immediate location, which is a key driver of its value.
5. Why is there a range for the 2023 sold price, and how can I get the exact figure?
Sold price ranges are based on publicly available data. To protect privacy, exact sale prices in Manitoba are not published online. You can request the precise figure by emailing the listing service, which provides it manually as a courtesy.