Property Overview
This home at 39 Sherwood Place presents a solid, grounded opportunity in Winnipeg's Varennes neighborhood. Its appeal lies in offering above-average interior space for its immediate street and a larger-than-average lot for the local area, all at a assessed value that sits well below the citywide average. Built in 1919, it is a character home that will suit a specific buyer.
Key Characteristics & Ideal Buyer
The property’s key characteristic is its balance of space and value. With 1,066 sqft of living area, it offers more room than most comparable homes on Sherwood Place. Its 5,238 sqft lot is notably larger than the neighborhood average, providing valuable outdoor space in a mature community. While the 1919 build date means it is older than most homes in the city, this also suggests potential for classic architectural details. The assessed value of $281k is significantly below the Winnipeg average, indicating a relatively accessible entry point.
This home would suit a pragmatic first-time buyer or an investor looking for a character property with a good land-to-building ratio. It’s ideal for someone who values interior and yard space over a modern build date and is prepared for the maintenance or updates that come with an older home. Its value proposition is strongest at the street and neighborhood level, offering more for your money within a familiar local context rather than competing with newer suburban builds.
Frequently Asked Questions
1. Is the 1919 build date a concern?
It means the home is older than most in Winnipeg. Buyers should prioritize a thorough inspection to understand the condition of major systems (plumbing, electrical, roof) and plan for potential updates, but this age can also be the source of charming period features.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home’s age, location, and characteristics relative to the broader market. It suggests this property offers a cost-effective way to gain space and lot size in a mature neighborhood, rather than paying a premium for a newer build.
3. How does the lot size compare?
The lot is smaller than others on Sherwood Place but is actually larger than the typical lot in the wider Varennes neighborhood. This gives you more private outdoor space than many nearby homes, which is a key advantage.
4. What does "Top XX%" in the rankings mean?
It shows how this property compares to similar homes. For example, its living area is in the "Top 28%" on its street, meaning it's larger than 72% of comparable homes nearby. A higher percentage is generally better for living area and lot size.
5. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with no anticipated projects, or those who prioritize being in a newer subdivision. The value here is in space, land, and potential, not in contemporary finishes or recent construction.