Key Characteristics & Buyer Profile

123 Sherburn Street is a 1,350 sq ft home built in 1925, sitting on a 3,012 sq ft lot in Winnipeg’s Wolseley neighbourhood. Its standout feature is value within the immediate street context: on Sherburn Street, it ranks in the top 12% for assessed value (above the street average of $266,000), yet it remains close to the Wolseley community average for both total value and living space. This means you’re getting a home priced competitively for the area, while outperforming most of its direct neighbours in assessed worth.

The property’s appeal is grounded and practical. Wolseley is an established, character-rich inner-city neighbourhood known for its older homes, tree-lined streets, and walkability. A 1925 build puts it newer than the average Wolseley home (which skews toward 1916), and its living area is moderately generous by street standards. The lot, however, is small by citywide norms—typical for this part of town, but something to note if you’re used to suburban yard sizes.

This property suits a buyer who values location and neighbourhood character over maximum square footage or a large yard. It would work well for someone looking for an older home with sensible proportions, who wants to be in a sought-after central neighbourhood without paying a premium that pushes them too far above community averages. It may also appeal to buyers who see the relatively high street-level assessment as a sign of stable or slowly appreciating value in a dense, desirable street.

Frequently Asked Questions

1. How does this home compare to others on Sherburn Street?
   It's larger than the average house on the street (1,350 sq ft vs. 1,162 sq ft), and its assessed value ranks in the top 12%. That suggests it's one of the more substantial and higher-valued properties in the immediate vicinity.

2. Is a 1925 home a concern in terms of age?
   Not necessarily. While it's older than the Winnipeg average (1966), it's actually newer than the typical Wolseley home (1916). In this neighbourhood, a 1925 build is fairly standard and often indicates solid construction, though you’d still want a home inspection to check for updates to electrical, plumbing, and insulation.

3. The lot is small—will that be an issue?
   It depends on your expectations. At 3,012 sq ft, it’s right around the street and community averages for Wolseley. By Winnipeg standards, it’s on the smaller side (88th percentile), so if you're used to suburban lots, it will feel compact. But in an inner-city area like this, it's typical and often what keeps homes more affordable.

4. Why is the assessed value above the street average but only near the city average?
   Sherburn Street has a relatively low average assessed value ($266,000) compared to the city ($390,000) and even the Wolseley community ($371,000). The home stands out on its street, but in the broader context of Winnipeg or Wolseley, it’s more mid-range. That’s a common pattern for older, centrally located homes in neighbourhoods with mixed housing stock.

5. What’s the best way to see how this property compares to nearby houses?
   There’s a dedicated side-by-side map tool available. You can use it to compare this home with specific neighbouring properties on metrics like living area, lot size, build year, and assessed value. It’s more useful than rankings alone if you want to understand how it fits into the actual streetscape.