142 Sherburn Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1925-built home in Winnipeg’s Wolseley neighbourhood, with 1,174 sq ft of living space on a 3,013 sq ft lot. Its assessed value for tax purposes is $300,000.
Where the appeal lies:
The property sits close to the average for its street in both living space and lot size, meaning it’s a fairly typical home on Sherburn Street. Where it stands out is its assessed value: it’s priced above the street average of $266,000, but significantly below both the Wolseley neighbourhood average ($371,000) and the city-wide average ($390,000). That gap suggests the home offers a more accessible entry point into a sought-after central neighbourhood. The house is also newer than the typical Wolseley home (built 1925 vs. 1916 on average), which may mean fewer immediate structural or systems concerns than some of its older neighbours.
What type of buyer it would suit:
This property would likely appeal to buyers who want to be in Wolseley—a mature, walkable area near the river and amenities—but who are priced out of the neighbourhood’s higher-end homes. It’s a good fit for someone who values location over square footage, or who sees potential to improve a home that’s solid but not premium by local standards. Investors or first-time buyers looking for a more affordable foothold in an established area may also find it worth a closer look.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It’s almost exactly average for Sherburn Street (1,162 sq ft is the street average), but well below the Wolseley neighbourhood average of 1,622 sq ft. So it’s on the smaller side for the area, but not unusually small for its immediate street.
2. Is the assessed value of $300,000 a good deal?
Relative to the street, it’s above average—meaning it’s one of the higher-valued homes on Sherburn. But relative to Wolseley as a whole, it’s well below the $371,000 neighbourhood average. That suggests it could be a more affordable option compared to many other homes in the area, though it’s not a bargain by street standards.
3. How old is the house, and is that a concern?
It was built in 1925. That’s typical for its street and actually newer than the average Wolseley home (1916), but considerably older than the city-wide average (1966). Buyers should expect the maintenance needs common to century homes—older wiring, plumbing, foundations—but it may be in better shape than some of its older neighbours.
4. The lot is 3,013 sq ft. Is that small?
It’s close to average on Sherburn Street and slightly below average for Wolseley (3,434 sq ft). Compared to the city-wide average of 6,570 sq ft, it’s quite small. That’s typical for an older central neighbourhood—yards are modest, not sprawling.
5. Who typically buys in Wolseley?
Wolseley attracts buyers who want a central, character-rich neighbourhood with walkable access to shops, restaurants, parks, and the Assiniboine River. It’s popular with families, professionals, and creatives—but prices have risen, so a home priced below the neighbourhood average could appeal to those who might otherwise be priced out.