Property Overview: 627 Sherburn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 627 Sherburn Street in the Minto neighbourhood is a practical, century-old property built in 1922. Its key characteristics define it as a modest, entry-level offering. The living space is 864 square feet, which is notably compact compared to most homes on its street and across Winnipeg. The lot size of 2,826 square feet is also below the city-wide average but is fairly typical for the local area. A standout figure is the assessed value of $22,600, which is significantly below averages for the street, neighbourhood, and especially the city, indicating a very low property tax base.
The appeal lies in its affordability and efficiency. It represents a clear opportunity for first-time homebuyers or investors seeking a lower-cost entry into the Winnipeg market. The below-average operating costs (due to the low assessment) are a tangible financial benefit. It would suit a buyer comfortable with a smaller, older home, possibly looking for a live-in renovation project, a long-term hold rental property, or someone prioritizing minimal mortgage and tax payments over space. A less obvious perspective is that its compact size and older vintage might appeal to those seeking a simpler, more manageable footprint without the upkeep of a larger, modern property.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value for property taxes is not the same as market value. This assessment reflects the provincial valuation formula applied to this specific, older, and more compact home, resulting in a low tax base—a key ongoing cost savings for the owner.
2. How does the sold price history work?
The listed sold price (e.g., CA$200k–250k in 2021) is an estimated range based on public data. To obtain the exact historical sale price, you must request it via email from the site, as this information is verified and provided manually.
3. Is the smaller living area a concern?
At 864 sqft, the home is cozy. It’s smaller than 76% of homes on Sherburn Street. This is ideal for individuals, couples, or those comfortable with efficient use of space, but buyers needing multiple bedrooms or room for a growing family should consider this carefully.
4. What does the "rank" and "top X%" data mean?
These metrics show how this property compares to similar homes in three groups: its immediate street, the broader Minto area, and all of Winnipeg. For example, a "Top 76%" rank for living area on its street means 76% of comparable homes on Sherburn Street are larger. It’s a quick way to gauge where the property sits in its peer group.
5. What are the implications of the home being over 100 years old?
Built in 1922, the home has a character common to its era. While systems like wiring, plumbing, and the foundation may have been updated, a prospective buyer should prioritize a thorough inspection to understand the condition and potential need for updates or repairs common to houses of this age.