106 Sherburn Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1926 home in Wolseley with 1,056 sq. ft. of living space on a 3,012 sq. ft. lot. Its standout feature is the assessed value: at $335,000, it ranks in the top 10% on Sherburn Street—well above the street average of $266,300—despite the living area being just around average for the street. This suggests the value comes from location, condition, or other intangibles, not square footage. The lot is slightly smaller than both the street and neighbourhood averages, and at citywide level, it's well below the typical Winnipeg lot size. The year built is older than most homes citywide but newer than the Wolseley median, meaning it's not the oldest on the block.
The appeal here is getting into Wolseley—a sought-after central neighbourhood—at a price point that's reasonable for the area, but with a home that isn't oversized or overly demanding of upkeep. The modest footprint and lot size could work well for someone who values location over elbow room: a couple, a single person, or downsizers who want a walkable urban lifestyle without the maintenance of a larger property. It likely wouldn't suit a family needing multiple bedrooms or a large yard.
Frequently Asked Questions
1. How does the property's size compare to others in Wolseley?
The living area is below the Wolseley average of 1,622 sq. ft., ranking in the bottom 14% of the neighbourhood. The lot is also slightly smaller than the neighbourhood norm. If you're comparing with nearby homes, this is on the compact end.
2. Why is the assessed value high relative to the street when the house is not large?
Assessed value considers factors beyond square footage—like age, condition, layout, and location within the street. Ranking in the top 10% for value suggests there's something about this specific property or its positioning that appraisers see as a plus. It's worth noting that assessed value isn't a direct market price, so it's best treated as a comparative indicator.
3. Is this an old home that will need major renovations?
Built in 1926, it's older than most homes in Winnipeg (average 1966) but newer than the typical Wolseley home (median 1916). That places it in a middle ground: not a heritage relic, but not modern either. Buyers should budget for systems updates, as a house this age may have original plumbing or electrical that's been partially upgraded.
4. How walkable is the location?
The summary doesn't include walk scores, but Wolseley is known for being pedestrian-friendly with local shops, restaurants, and parks within walking distance. The property's modest lot and central location likely mean less reliance on a car for daily errands compared to suburban homes.
5. Would this property be a good investment?
The assessed value position (top 10% on the street) could indicate strong relative demand, but investment potential depends on your timeline and market conditions. The small lot and older home may limit upside from land appreciation alone. It's probably better suited as a home to live in and enjoy than as a pure flip or rental play.