Property Overview
764 Sherburn Street is a 950 sqft home built in 1932, situated on a notably generous 3,449 sqft lot in Winnipeg's Minto neighbourhood. Its assessed value is $28,300. The home last sold in 2022 for an estimated $350,000–$400,000.
Key Characteristics & Appeal
This property presents a specific value proposition centered on land and location. The primary appeal lies in its lot size, which is significantly larger than most on its street and in the immediate area, offering above-average outdoor space and potential in a mature neighbourhood. The home itself is compact and older, with a living area below the citywide average, suggesting it may be ideal for downsizers, first-time buyers, or investors comfortable with a home of this vintage.
Its strengths are contextual. While the house is modest in size and age compared to the whole city, it holds its own or excels within its local Minto context—particularly in lot size and assessed value relative to area averages. This makes it a practical entry point into the neighbourhood. The 2022 sale price indicates strong perceived value for the package of location and lot. It would best suit a buyer who prioritizes land over square footage, is prepared for the maintenance of a 94-year-old home, and views the property through the lens of its immediate community rather than citywide comparisons.
Frequently Asked Questions
1. What does the assessed value tell me about the property taxes?
The assessed value of $28,300 is used for municipal tax calculation. It is notably higher than the average for both Minto and Sherburn Street, which typically results in proportionally higher property taxes compared to neighbouring homes.
2. Is the lot size a significant advantage?
Yes. At 3,449 sqft, the lot ranks in the top 13% on its street. This is a standout feature for the area, providing more yard space than typical and potential for gardening, expansion, or outdoor living that can be hard to find in older neighbourhoods.
3. The home sold recently in 2022. What does that suggest?
The sale within the last few years suggests the current market value is likely anchored to that $350k–$400k range. It also indicates any major issues would have been relatively recent discoveries for the previous owner, so a thorough review of the seller's property disclosure and recent maintenance history is crucial.
4. How should I interpret the living area being "below average" citywide?
At 950 sqft, the home is cozier than the Winnipeg average. This isn't uncommon for pre-war houses in established neighbourhoods. The trade-off is often character, location, and lot size over interior space. It emphasizes the need to ensure the layout and size meet your household's practical needs.
5. What are the key considerations for a home built in 1932?
Homes of this age require careful attention to foundational systems. A specialized inspection should focus on the condition of the original wiring, plumbing, foundation, and insulation. While offering charm, they often come with higher maintenance costs and energy efficiency challenges compared to newer builds.