673 Sherburn Street

Property Overview: 673 Sherburn Street, Winnipeg

Key Characteristics & Appeal

This home at 673 Sherburn Street in the Minto neighbourhood presents a practical and straightforward opportunity. Built in 1934, it is a notably newer construction compared to many other homes on its street, potentially suggesting fewer concerns with the aging infrastructure common in historic areas. With 1,269 sqft of living space, it offers above-average roominess for the immediate Minto area, providing comfortable scale for a small family or couple.

The appeal here is one of value and positioning within its established community. The home sits on a modest 2,542 sqft lot, which means lower maintenance outdoors but less private space. Its assessed value is consistently average for both its street and neighbourhood, indicating it is priced in line with local expectations without premium or distress signals. A recent sale in the $250k-$300k range further anchors its market position. This property would suit a first-time buyer or pragmatic investor looking for a character home in a central Winnipeg neighbourhood without a massive lot to upkeep. It’s a home that prioritizes interior space over yard size, fitting for those who value a simpler footprint and neighbourhood character over expansive outdoor privacy.

Frequently Asked Questions

1. How does the lot size impact this property?
At 2,542 sqft, the lot is smaller than most in the city and the local area. This translates to less yard maintenance and lower exterior upkeep costs, but also limited potential for expansions, additions, or extensive private outdoor living space.

2. The home was built in 1934. What should I consider?
While 90 years old, this home is actually newer than many on its street and in the wider area. This could be an advantage, but a thorough inspection remains essential to understand the condition of major aging components like plumbing, electrical, and the foundation.

3. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes and is significantly lower than market price. The recent sale price range ($250k-$300k) is the relevant metric for market value. The consistency of its assessment relative to neighbours suggests the property is not an outlier in terms of municipal valuation.

4. Is the living space adequate for a family?
At 1,269 sqft, the living area is above the average for Minto homes. It typically provides sufficient space for a small family, offering more interior room than many comparable local properties, which is a key feature of this home.

5. What is the neighbourhood context like?
Located on Sherburn Street in Minto, this is an older, established neighbourhood. The close proximity of similar homes, as seen with the neighbouring addresses, indicates a dense, community-oriented street with homes built across many decades, offering a mix of architectural styles and conditions.