Property Overview
This home at 16 Sherwood Place stands out for its generous proportions and established presence. Its primary appeal lies in offering significantly more space—both indoors and out—than most comparable homes in the immediate area, positioning it as a substantial and above-average property within its community.
Key Characteristics & Appeal
The home’s most compelling feature is its scale. With 1,801 sqft of living space, it ranks in the top 6% on its street and top 3% in the Varennes neighbourhood, offering roughly double the interior space of many local comparables. This is complemented by a large 6,914 sqft lot, which places it in the top 2% within the community, providing ample outdoor privacy and potential.
Built in 1933, the property is older than the Winnipeg average but typical for its well-established street. This suggests a classic, character-filled home that may appeal to those not seeking a new build. The correspondingly higher tax assessment value of $474,000 reflects this substantial physical footprint and established desirability.
This property is ideally suited for buyers who prioritize space over newness—growing families, those who value large private yards, or anyone seeking a home with a significant presence in a mature neighbourhood. It represents a solid, above-average asset in its locale rather than a modern renovation project.
Frequently Asked Questions
1. How does the older build year (1933) affect the property?
While older than the city average, the home is typical for its historic street. Buyers should anticipate the potential for character details alongside the need for diligent maintenance and updates common to homes of this era.
2. The tax assessment seems high compared to street averages. Why?
The assessment ($474,000) is based on the property’s substantial physical attributes—its large lot and living area—which are superior to most nearby homes. Value is derived from its scale and land, not just its age.
3. What does the "top 3% in the neighbourhood" ranking for living space actually mean?
It means that out of 426 comparable properties in Varennes, only a handful offer more interior space. You are getting one of the largest homes available in the community.
4. Is the large lot a usable shape, and what are the implications?
A lot size in the top 2% for the area suggests exceptional outdoor space. It’s wise to verify the lot’s dimensions and zoning to understand possibilities for gardening, expansions, or future development, which can be a major long-term value driver.
5. The rankings show different performance at street, neighbourhood, and city levels. What's the key takeaway?
The home is a standout locally. Its advantages in space and lot size are most pronounced within its immediate community (Varennes), indicating it’s a particularly strong property in its specific market context.