Property Overview: 636 Sherburn Street, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and established character. Its most standout feature is the generous living area of 2,032 sqft, which ranks in the top 2% of homes on Sherburn Street and the top 1% within the broader Minto area. This offers significantly more interior space than typical local comparables, suggesting a layout well-suited for a growing family, multi-generational living, or those simply wanting ample room.
The appeal lies in this above-average space paired with a proportionally modest assessed value, indicating a potentially favorable value proposition. While the home is a classic 1913 build, its maintained value sits above area averages. The lot size is consistent with the local neighbourhood. This profile suits practical buyers who prioritize interior square footage over a newer build or a sprawling yard. It’s ideal for those seeking an established home with room to grow in a mature community, who are prepared for the character and potential maintenance considerations of a century-old property.
Frequently Asked Questions
1. How does the home’s age impact its value and appeal?
Built in 1913, the home is older than most in the city. This often brings character and established neighbourhood roots, but it also means prospective buyers should prioritize a thorough inspection to understand the condition of major systems like plumbing, electrical, and the foundation.
2. The assessed value seems low compared to the last sold price. Why?
The current assessed value is $31,800, while the home sold for an estimated $300k-$350k in 2019. This is a typical discrepancy, as municipal tax assessments are for taxation purposes and often lag behind market sale prices, which are influenced by broader market conditions.
3. Is the large living area due to additions or an unconventional layout?
The data shows the living area is exceptionally large for the area. It would be important to verify if this includes a developed basement or additions, and to assess the flow and functionality of the space to ensure it meets your needs.
4. What does the "above average" assessed value ranking mean for taxes?
Ranking in the top 9-15% for assessed value in the immediate area means this property’s tax assessment is higher than most of its neighbours. This typically translates to a correspondingly higher property tax bill.
5. How can I find out the exact historical sold prices?
The provided sold price is a public data range. As noted, you can request the exact sold price history by emailing the listing service directly. They provide this specific data manually upon request.