124 Sherburn Street

124 Sherburn Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1925 home in Winnipeg’s Wolseley neighbourhood with 1,101 square feet of living space on a 3,012-square-foot lot. Its assessed value is $363,000.

The property stands out most clearly at the street level. On Sherburn Street, it ranks in the top 6% for assessed value—significantly above the street average of $266,300. That gap is worth noting: this is one of the higher-valued homes on its block, even though its square footage is typical for the street. The year built (1925) is also right in line with neighbouring houses, while slightly older than the Wolseley average (1916) but well older than the citywide median (1966).

The lot size is modest by city standards—in the bottom 12% citywide—but fairly typical for the immediate area. That’s common in older, established neighbourhoods where land was originally subdivided differently.

This home would likely appeal to someone who values character and location over a large footprint or yard. Wolseley buyers tend to be drawn to mature tree cover, walkable streets, and an older housing stock with architectural details. The relatively smaller lot and living area may suit a couple, a single person, or someone downsizing from a larger suburban home. The above-average street-level value could also suggest that finishes or updates on this property are ahead of what’s typical for the block, though that would need to be verified in person.

Frequently Asked Questions

1. How does this home compare to others in Wolseley?
It’s below average for living area and lot size within the neighbourhood, but around average for assessed value. Its year built is slightly newer than many Wolseley homes, which date closer to 1916.

2. Is the assessed value of $363,000 a reliable price indicator?
It gives a benchmark, but assessed value and market price are not the same. The home ranks high on its street, which can help if you’re comparing within the immediate area. A local realtor can clarify how recent sales line up.

3. Why is the lot size considered “below average” citywide?
At 3,012 square feet, it’s roughly half the citywide median of 6,570 square feet. That’s typical for older, central neighbourhoods like Wolseley, where lots were laid out more compactly than in post-war suburban developments.

4. What does “ranked top 6% on the street” actually mean?
Of 537 homes on Sherburn Street, only 32 have a higher assessed value. That doesn’t necessarily mean it’s the best house—it suggests higher value relative to its direct neighbours, which could reflect recent renovations, size, or condition differences.

5. Would this suit someone looking for a family home?
Possibly, but the 1,101 square feet and small lot may feel tight for a larger family, especially compared to citywide averages. It would work better for someone prioritizing neighbourhood character and walkability over interior space or a big yard.