Property Overview: 23 Sherwood Place, Varennes, Winnipeg

Section 1: Key Characteristics & Appeal

This property presents a distinct value proposition centered on its generous lot size and relative affordability. The 798 sqft home, built in 1919, sits on a 5,262 sqft lot—a parcel that is notably larger than the average for the Varennes community. While the living space is modest and below the citywide average, its assessed value for taxes is correspondingly lower, offering a potentially lower ongoing tax burden.

The primary appeal lies in its land value and location within a stable, established neighborhood. It suits a specific type of buyer: those who prioritize yard space, garden potential, or future expansion possibilities over immediate square footage. It’s a practical entry point into the housing market for first-time buyers or investors comfortable with a character home that may require updates. A thoughtful perspective is that this home outperforms most of its immediate neighbors in terms of lot size, offering a rare sense of space in the community, while its older vintage suggests a need for a buyer who appreciates heritage or is prepared for maintenance considerations.

Section 2: Frequently Asked Questions

1. Is the house too small for a family?
The living space is compact at 798 sqft. It may suit a small family, a couple, or a single buyer. The significant lot size, however, offers valuable outdoor space for children or entertaining, which can effectively extend the usable living area.

2. What does the 1919 build year mean for me?
This indicates a character home with potential charm but also implies that major systems (like plumbing, electrical, or the foundation) may need inspection or updating. It appeals to those who value older home aesthetics but requires a buyer mindful of maintenance.

3. Why is the tax assessment value notably lower than the city average?
The assessed value is tied to the property's characteristics—primarily its smaller living area and older age—as determined by the municipal assessor. A lower assessment typically translates to lower annual property taxes, which is a financial advantage.

4. How does the lot size compare to the area?
This is a key strength. The lot is over 5,000 sqft, which ranks in the top 16% within the Varennes community. You are getting more land than most nearby properties, which is a valuable and finite asset.

5. What do the rankings and percentiles next to each feature mean?
They show how this property compares to others in three areas: its specific street, the broader Varennes community, and all of Winnipeg. For example, a "front 16%" rank for lot size in the community means 84% of homes in Varennes have a smaller lot. It's a quick way to gauge relative strengths and weaknesses.