Property Overview

This home at 26 Sherwood Place presents a compelling mix of space, value, and potential. Its primary appeal lies in offering more room than most—both inside and out—within its immediate area, while its assessed value suggests a manageable entry point for the neighborhood.

Key Characteristics & Appeal

The standout feature is the generous lot size. At nearly 7,000 sqft, the property offers an "elite" level of outdoor space for the Varennes neighborhood, ranking in the top 2%. This is a significant asset for anyone valuing privacy, gardening, or expansion potential. Complementing this is a living area that is comfortably above average for both the street and the area, providing more interior space than many comparable homes.

Built in 1922, the home is older than most in the city, which typically implies a need for a thoughtful approach to maintenance and updates. However, this also often comes with character and established, mature landscaping. The assessed value sits above the street average but below the neighborhood and city averages, positioning it as a relatively accessible option in its area that may offer room for value growth.

This property would suit a practical buyer who prioritizes land and living space over a modern build. It’s ideal for someone comfortable with the upkeep of a character home and who sees the large lot as a long-term asset for enjoyment or investment.

Frequently Asked Questions

Q: How does the older year built (1922) affect this property?
A: While it indicates the home may require more attentive maintenance and updates to mechanical systems, it also often means charming architectural details and a well-established lot with mature trees and landscaping that can’t be replicated in newer subdivisions.

Q: The assessed value seems lower than the neighborhood average. Is that good?
A: It can be. It suggests the property may be more accessible from a tax and potential purchase price standpoint relative to the area. It can also indicate upside potential, especially given its above-average lot and living space, once updates are made.

Q: What does the "elite" lot size ranking actually mean for me?
A: In practical terms, it means you have significantly more private outdoor space than 98% of similar properties in the Varennes neighborhood. This allows for larger decks, gardens, play areas, or future additions like a garage or workshop, with more distance from neighbors.

Q: Is the living space sufficient for a family?
A: At over 1,200 sqft, the living area is above the local averages, providing a solid foundation for a family. The layout and room count (which should be verified in the full listing) will be as important as the total square footage for determining comfort.

Q: Why is there a difference between the street, neighborhood, and city rankings?
A: This highlights the property’s context. It shows you’re getting a home with more space than most on its specific street and in Varennes, while its value and age are more aligned with broader Winnipeg averages. It’s strongest in its immediate location.