Property Overview: 726 Sherburn Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 726 Sherburn Street in the Minto neighbourhood presents a compelling blend of established character and relative value. Built in 1931, it is a well-maintained older property that stands out positively within its immediate area. With 1,232 sqft of living space, it offers more room than many similar homes in Minto and on its own street, providing a practical footprint for a small family or couple.

Its primary appeal lies in its strong positioning within the local context. The assessed value is notably above average for both Sherburn Street and the wider Minto area, which often indicates a property that has been kept in good condition or has seen improvements relative to its peers. This creates a value proposition for a buyer seeking a move-in-ready home in an established community without the premium of a newer subdivision. The lot size is standard for the area, offering typical outdoor space.

This property would best suit practical, value-conscious buyers who appreciate older home charm but want to avoid a major renovation project. It’s ideal for someone looking for a solid home in a mature neighbourhood where the property itself outperforms many of its direct neighbours in key metrics like assessed value and living space. It may also attract investors looking for a stable, rentable property with a strong track record in its micro-market.

Section 2: Frequently Asked Questions

1. What does the "above average" assessed value for the street actually mean?
It means this home’s official city assessment is higher than 75% of the 537 comparable properties on Sherburn Street. This typically reflects factors like its condition, improvements, or specific attributes that the city deems to add value compared to neighbouring homes.

2. How does the sold price history inform the current value?
The home sold for an estimated $250k-$300k in 2021. This recent sale provides a concrete market benchmark. When compared to its current assessed value of $29,500, it highlights the significant difference between municipal assessment for taxation and actual market value, which is an important distinction for buyers.

3. The home is older (1931). Should I be concerned?
The data shows it is actually newer than 85% of homes on its street, meaning the surrounding housing stock is even older. This suggests the neighbourhood is full of well-preserved, character homes. A thorough inspection is always recommended, but its age is consistent with the area’s charm.

4. How does it compare to the whole city?
City-wide comparisons are less relevant for a home like this. While its lot size and age rank below the city average (which includes vast newer suburbs with larger lots), it ranks much higher within its own established neighbourhood. This underscores that its value is in its local context, not in competing with newer suburban homes.

5. Can I get the exact historical sold price?
Yes, but not automatically through public data. The listing service offers to provide the exact sold price via a manual email request, which they promise to fulfill without using your email for marketing spam. This is a common practice to gate sensitive transaction data while still making it accessible to serious buyers.