252 Sherman Street – Property Summary
Key Characteristics & Buyer Suitability
This is a 1,091 sqft home built in 1907, located on Sherman Street in the West Alexander neighbourhood of Winnipeg. The property sits on a 2,270 sqft lot.
What stands out: The assessed value is noticeably strong relative to others on the same street—ranked 3rd out of 17 homes, at $196k versus the street average of $134.1k. This suggests the house has been well-maintained or updated in ways that aren't captured by living area alone. The living area is slightly above the street average but below the neighbourhood and citywide averages, which is typical for an older inner-city home. The land area is small, even by local standards, ranking near the bottom on the street and neighbourhood. The year built (1907) is older than most nearby homes, and significantly older than the citywide average.
Who it would suit: Buyers who value character, older construction, and a location with established streets and mature surroundings—over a large yard or modern floor plan. This could appeal to someone looking for a starter home or a renovation project in a central area, as long as they're comfortable with a compact lot and an older building. Investors might also take interest if the assessed value suggests room for appreciation or rental potential, though the small lot limits expansion.
Frequently Asked Questions
1. How does the assessed value compare to similar homes in the area?
On Sherman Street, this home's assessed value is well above average—$196k vs. $134k—but it's only slightly above the West Alexander neighbourhood average of $187k. Citywide, it's far below the $390k median, which reflects the older, more modest housing stock in this part of Winnipeg.
2. Is the living area considered small or typical for this neighbourhood?
It's close to the street average (1,059 sqft) but below the neighbourhood average (1,299 sqft) and citywide average (1,342 sqft). For the area, it's a slightly smaller-than-average home, but not unusually so.
3. Why is the land area so much smaller than other properties?
The lot is 2,270 sqft, which is smaller than most on Sherman Street (average 2,446 sqft) and much smaller than the West Alexander average (3,591 sqft). This is common for older homes built on narrow lots in inner-city neighbourhoods. If outdoor space matters, this property may feel constrained.
4. What does the year built tell me about this home's condition or character?
Built in 1907, it's older than most homes on the street (average 1913) and in the neighbourhood (average 1921). Older homes often have solid construction, high ceilings, and unique details, but may also come with maintenance needs like updated wiring, plumbing, or insulation. A home inspection is especially important here.
5. How does this property rank overall in Winnipeg?
It's in the bottom tier citywide for land area (top 98%), and the bottom 4% for year built (top 96%). However, its assessed value ranks in the top 8% citywide, which is unusual for a home of this size and age. That suggests the property holds value well relative to its physical footprint.