168 Sherburn Street – Property Summary

Key Characteristics & Buyer Profile

This 1923 Wolseley home offers 1,173 square feet of living space on a 3,013-square-foot lot, with an assessed value of $358,000. What stands out most is the value relative to its immediate street context. On Sherburn Street, it ranks in the top 6% for assessed value, while the average home there is valued around $266,000. That gap suggests this property is one of the more substantial or well-maintained homes on the block.

Its living area is essentially average for the street and the city, but below the Wolseley neighbourhood average of 1,622 square feet. This makes sense for a house built in 1923—many Wolseley homes from this era were built slightly earlier (the neighbourhood average year built is 1916), and the property itself is older than about 86% of homes citywide. The lot size is modest even by Wolseley standards, and well below the Winnipeg average of 6,570 square feet.

The appeal lies in a few overlapping factors. First, the street-level ranking suggests a home that feels like a good deal within its immediate block—you're getting more house or value than most neighbours, without paying a premium that would push it above the broader neighbourhood average. Second, the age and location in Wolseley appeal to buyers who value character, walkable streets, and established neighbourhoods over newer subdivisions. Finally, the relatively compact lot and living area may attract those looking for something manageable—less maintenance, lower utilities, and a layout that doesn’t waste space.

This property would suit a buyer who wants a solid, older home in a desirable central Winnipeg neighbourhood without overpaying for square footage or a large yard. It's a good fit for first-time buyers who can handle some original-character quirks, downsizers leaving a larger home, or investors who see the street-level value advantage as a sign of upside potential. It’s less suited to someone seeking a move-in-ready, modern open-concept floor plan or a large lot for gardening or expansion.

Frequently Asked Questions

1. How does this property’s assessed value compare to similar homes nearby?
It’s well above the average for homes on Sherburn Street itself (top 6%), but almost exactly average for Wolseley as a whole and slightly below the citywide average for comparable homes. This means you’re paying a bit more than your immediate neighbours, but not more than what the broader neighbourhood commands.

2. Is a 1923 home likely to have significant maintenance issues?
It depends on how it’s been cared for. Homes from this era often have knob-and-tube wiring, old plumbing, or lead paint that may need attention. However, the fact that it ranks well for assessed value on its street suggests it’s been reasonably maintained or updated, at least by local standards. A thorough home inspection is essential, especially for the foundation, roof, and electrical systems.

3. Why is the lot size so small compared to the city average?
Winnipeg’s citywide average lot size (6,570 sqft) is inflated by newer suburban developments with large, uniform lots. Wolseley is an older, inner-city neighbourhood where lots are historically narrower and deeper, averaging around 3,400 sqft. This property’s lot is actually typical for its street (top 37%) and close to the Wolseley norm.

4. Does the “below average” ranking for year built citywide mean this house is outdated?
Not necessarily. Being older than 86% of homes citywide means it predates most post-war construction. That can be a plus for buyers who want solid wood framing, high ceilings, and historical character—but it also means the home likely lacks modern insulation, central air, or open layouts unless renovated. The ranking is a neutral fact, not a verdict on condition.

5. How does the living space compare to other Wolseley homes?
At 1,173 sqft, it’s about 450 sqft smaller than the Wolseley average (1,622 sqft). This could be a limitation for families needing multiple bedrooms or a home office, but it’s also a reason the price stays within reach. For a couple or small household, the size is practical and avoids paying for space you won’t use.