Property Overview: 589 Sherburn Street, Winnipeg

Key Characteristics & Appeal

This home, built in 1914, presents a compelling mix of historic charm and standout utility. Its primary appeal lies in its exceptionally generous living space. At 2,252 square feet, it ranks in the top 1% of homes for size both on its street and in the broader Minto neighbourhood, offering significantly more room than typical area homes. This makes it a rare find for buyers seeking spacious interiors in a mature community.

The property’s assessed value is above average for its immediate area, suggesting it is well-positioned within its local market. However, the lot size is more modest compared to city-wide averages, indicating a focus on the home’s footprint rather than expansive outdoor space. A thoughtful perspective for buyers is the balance it strikes: you acquire a home with interior space that far exceeds local norms, but without the premium price or property taxes often associated with similarly large homes in newer suburban areas. It last sold between 200k-250k in 2016.

This property would ideally suit buyers who prioritize abundant indoor living area over a large yard, and who appreciate the character of a century-old home. It’s a strong match for growing families needing room to spread out, or for those who work from home and desire dedicated office space. Its value proposition is most apparent when compared directly to its neighbours—offering a much larger home on a similarly scaled lot.

Frequently Asked Questions

1. How does the home’s age affect maintenance?
Built in 1914, the home is older than the city-wide average. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of foundational elements, plumbing, electrical systems, and the roof, which are typical focus points for homes of this era.

2. Is the assessed value the same as the market value?
No. The assessed value (31.60k) is used for calculating property taxes and is often lower than the current market value. The market value is determined by what buyers are willing to pay based on recent sales, condition, and location.

3. The lot seems smaller than average. Is there room for expansion or a garage?
The land area is 2,827 sq ft, which is slightly below average for the street. Any expansion or addition would need to be carefully planned within the lot’s constraints and would require checking with the city for zoning bylaws and permit feasibility.

4. The home is much larger than others nearby. What does that mean?
It means you get significantly more interior space than most homes in the immediate area, which is a major advantage. However, it’s wise to consider if the oversized interior aligns with the neighbourhood’s typical price range, as highly unique properties can sometimes appeal to a narrower pool of future buyers.

5. How can I find out the exact past sale price?
The exact sold price is not publicly displayed in detail. The listing service offers to provide the accurate figure manually via email, with a stated aim to reply by the end of the same day, at no cost and without unsolicited marketing.