Property Overview: 549 Sherbrook Street, Winnipeg
Key Characteristics & Appeal
This home at 549 Sherbrook Street in Spence is a classic Winnipeg property, built in 1903, offering a blend of historic character and practical value. With 1,116 sqft of living space, it is more compact than many homes on its street and in the immediate area, but it sits on a notably generous lot of nearly 4,000 sqft for the neighbourhood. Its assessed value of $169,000 is very typical for Spence, positioning it as an accessible entry point into the city’s housing market.
The primary appeal lies in its value proposition and potential. The lot size is a significant asset, offering above-average outdoor space for the area, which is a less obvious advantage for gardening, expansion, or simply having more breathing room in an inner-city neighbourhood. The home suits first-time buyers, practical investors, or downsizers seeking an affordable footprint with the character of an early-1900s build. It’s for those who see opportunity in a solid, no-frills property where value is derived more from the land and location than from high-end finishes or square footage. The data suggests you’re paying for a genuine piece of the city, not a premium for size or newness.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($169k) is for municipal tax purposes and is typically below market value. It serves as a useful baseline, but sale prices are influenced by current market conditions, property condition, and buyer demand.
2. How does the smaller living area compare to nearby homes?
At 1,116 sqft, the home is notably smaller than the average on Sherbrook Street (~1,600 sqft). This indicates a more efficient or compact layout, which can mean lower utility costs and less maintenance, but may require creative use of space.
3. What are the implications of a 123-year-old home?
A house built in 1903 comes with undeniable character but requires a diligent inspection. Potential buyers should prioritize assessments of the foundation, wiring, plumbing, and roof. Heritage charm is a benefit, but ongoing maintenance is a certainty.
4. The lot size is highlighted as "above average" for Spence. What does that mean practically?
With a 3,942 sqft lot, you have more yard space than many neighbouring properties. This allows for larger gardens, private outdoor living areas, or future projects like a shed or garage, which are less feasible on standard city lots in the area.
5. Why is there no sales history shown for this listing?
As noted in the data, sold price information is not sourced from the MLS. You can request exact historical sales figures manually from the provider via email to get a clearer picture of its transaction history.