Property Overview: 584 Sherburn Street, Winnipeg
Key Characteristics & Appeal
This home at 584 Sherburn Street in the Minto neighbourhood presents a classic Winnipeg character home, built in 1914. Its primary appeal lies in offering above-average interior space for its immediate area. With 1,310 square feet of living area, it ranks within the top 18-29% of similar homes in both Minto and on Sherburn Street itself, providing more room than many neighbouring properties. The lot size is consistent with local norms.
The home’s assessed value is notably below the Winnipeg city-wide average, which, combined with its recent sale in the $150k-$200k range, positions it as an accessible entry point into the market. This is a property that trades newer construction and a large city-style lot for established neighbourhood character, practical interior space, and a lower financial barrier to entry.
It would best suit a value-conscious buyer—perhaps a first-time homeowner or an investor—who prioritizes interior square footage over a modern build date and is comfortable with the maintenance considerations of a century-old home. Its strong local ranking for living space makes it a practical choice for those needing room without venturing into newer, often higher-priced suburbs.
Frequently Asked Questions
1. What does the assessed value tell me about the property taxes?
The assessed value is for municipal tax purposes and is currently well below the average sale price for the city. While not a direct predictor, it generally indicates a relatively lower property tax burden compared to many homes in Winnipeg, though final taxes depend on the mill rate.
2. How significant is the 1914 build date?
As a 112-year-old home, it falls within the typical age range for its street and neighbourhood. Buyers should budget for potential updates to older mechanical systems, insulation, or windows, but can also expect the sturdy construction and character details common to homes of that era.
3. The home sold recently. What does that price indicate?
The 2024 sale in the $150k-$200k range, ranking in the top 90% for value on its street (meaning it was among the least expensive sold), underscores its role as an affordable option in the area. It suggests the market values it as a solid, no-frills opportunity.
4. How does the lot size compare?
At just over 3,000 sq. ft., the lot is standard for central Winnipeg neighbourhoods like Minto. It offers typical backyard space for the area but is significantly smaller than the average lot in newer suburban developments across the city.
5. What’s the key takeaway from all the ranking data?
The data consistently shows this is a home that performs well within its local context for living space, while being priced accessibly. Its rankings are strongest on its own street and in Minto, indicating it’s a competitively sized property for that specific, established community.