Property Overview
642 Sherburn Street is a compact, character home built in 1931, situated on a standard-sized lot in Winnipeg's Minto neighbourhood. Its key appeal lies in its position as a modest, entry-level property with a below-average city-wide assessed value, offering a foothold in the market. The home is smaller than most in the city, with 881 square feet of living space, but it is relatively newer than many houses on its own street. This presents a specific value proposition: lower ongoing property taxes due to its assessment, paired with the potential maintenance considerations of a 95-year-old home.
Who it suits: This property would best suit first-time buyers or investors looking for an affordable entry point. Its scale is manageable for a small household or an individual. The data suggests it's not a "fixer-upper" in the most distressed sense for its immediate area—its assessed value is around the neighbourhood average—but it likely appeals to those comfortable with the upkeep of an older home or seeing potential in a smaller footprint.
Frequently Asked Questions
1. Why is the city-wide assessed value so much lower than the city-wide average?
The "city-wide" comparison includes all property types across Winnipeg. The dramatic difference (23.9k vs. 390k average) highlights that this is a modest home in an affordable area compared to the broader city market, which includes newer suburbs and luxury properties.
2. The home is noted as "newer" for its street. Is that a significant advantage?
While built in 1931, it ranks in the top 15% for year built on Sherburn Street, meaning many neighbouring houses are older. This could imply slightly more modern construction techniques or materials for its era, but major systems (plumbing, electrical) would still likely need updating to contemporary standards.
3. How should I interpret the sold price history showing a range from 2016?
The listed sale from 2016-2025 (CA$150k–200k) is a broad estimate from public data. To understand current value, this historical price must be considered alongside market changes over the past 9+ years and the home's present condition. The listing service offers to provide the exact sold price upon request.
4. The living area is below average. How might that affect living here?
At 881 sq ft, the floor plan will be compact. This emphasizes efficient use of space and suggests a simpler, lower-utility-cost lifestyle. It may not suit those needing multiple dedicated rooms or extensive storage, but it can be ideal for minimizing excess and living more simply.
5. What does the lot size tell me about the property?
The 3,007 sq ft lot is very typical for its neighbourhood and area, but below the city-wide average. This indicates a standard urban yard for Minto—enough for a patio or small garden, but not for extensive additions. The value here is in the home itself rather than expansive outdoor space.