Property Overview
This home at 30 Sherwood Place presents a compelling mix of space, value, and location within Winnipeg's Varennes neighborhood. Its primary appeal lies in its generous lot size and efficient living area relative to its immediate surroundings, offering a solid foundation in a well-established community.
Key Characteristics & Appeal
The standout feature of this property is its land. With a lot size of nearly 7,000 sqft, it ranks in the elite top 2% within the Varennes neighborhood, offering exceptional outdoor space potential that is increasingly rare. The 1,260 sqft living area is comfortably above average for both the street and the local area, providing good interior space without being excessive. Built in 1926, the home is typical for its street but is notably older than the Winnipeg average, suggesting classic character and potential for updates.
Its appeal is rooted in value and space. The assessed value is around the average for its street and neighborhood but sits below the citywide average, positioning it as a relatively affordable option for the amount of property you acquire. This combination suits buyers looking for a larger yard for gardening, children, or pets in a mature neighborhood, without the premium price tag of a newer home. It would particularly suit a value-conscious buyer who prioritizes land over a modern build, or someone seeking a character home with room to grow, either indoors or out.
Frequently Asked Questions
Q: How does the home's age impact its value and condition?
A: Built in 1926, the home is older than most in Winnipeg. This often means charming architectural details but also suggests that major systems (like plumbing, electrical, or the roof) may have been updated over time and should be carefully inspected. Its value is firmly anchored in its desirable location and lot size.
Q: The lot size is listed as "Elite" for the neighborhood. What does this mean practically?
A: Ranking in the top 2% for lot size in Varennes means you have significantly more outdoor space than most nearby properties. This allows for greater privacy, larger gardens, expansion potential (like an addition or garage), or simply more room for recreation, far beyond what's typical in the area.
Q: Is the property assessed above or below its asking price?
A: This summary provides assessed value for municipal tax purposes, not a market-based asking price. The assessed value of $299k is a benchmark for taxes and is typically different from a home's current market price, which is determined by recent sales, condition, and market demand.
Q: What does the "Around Average" citywide ranking for assessed value indicate?
A: While the home's value is around average for its own street and neighborhood, it ranks below the citywide average. This primarily reflects the home's older age and location, not necessarily its condition. It indicates that, for Winnipeg as a whole, there are many newer or differently located homes with higher valuations, which can make this property a comparative value.
Q: Are the living area and lot size balanced with each other?
A: Yes, in a way that favors outdoor space. The living area is above local averages but not exceptionally large, while the lot size is exceptionally large. This creates a balance where the home itself is comfortable and efficient, but the property's real differentiator is the significant amount of private land surrounding it.