Property Overview: 643 Sherburn Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Sherburn Street in the Minto neighbourhood presents a practical and grounded opportunity. Built in 1923, its 980 sqft living area is typical for the immediate area, offering a manageable footprint. The standout feature is the 3,721 sqft lot, which is notably larger than most on its street and in the Minto area, providing valuable outdoor space that is a relative rarity for homes of this vintage.
Its appeal lies in its position as a straightforward, no-frills property in an established community. With an assessed value significantly below the city-wide average, it represents an accessible entry point into the Winnipeg market. This isn’t a luxury property, but a solid, basic home where the value is anchored more in the land than in the structure itself. It would suit first-time buyers, investors looking for a rental property, or downsizers seeking a low-maintenance lot with more yard space than a typical infill. The recent sale in the 2021-2025 period suggests it has been a functional, lived-in home.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the property taxes?
The assessed value of $24,700 is a key figure used to calculate municipal property taxes. While not a market valuation, this low assessment typically results in proportionally lower annual tax bills compared to newer or more extensively renovated homes in the city.
2. How does the lot size compare, and what does it mean for me?
At 3,721 sqft, the lot is in the top 10% for size on Sherburn Street. This means more potential yard space, garden area, or room for additions like a shed or deck compared to neighbouring properties, which is a significant advantage for older neighbourhoods.
3. The home is over 100 years old. What should I consider?
A 1923 build requires a focus on core systems. A thorough inspection is essential to understand the condition of the foundation, roof, plumbing, and electrical wiring. While it offers classic charm, budget for ongoing maintenance and potential updates to meet modern efficiency standards.
4. The sold price history shows a range. Why isn't the exact price listed?
Exact sale prices in Manitoba are not publicly available in online databases. The provided range (e.g., $150k-$200k for 2021) is an estimate based on public data. You can request the precise historical sale price directly from the listing service via the provided email link.
5. How does this property rank in its area, and is that important?
The rankings show this home is generally "around average" for its street and neighbourhood in terms of size, age, and value. This indicates it fits comfortably within the local context—you're not overpaying for an outlier, nor are you getting a deeply under-valued anomaly. It’s a representative property for Minto.