Key Characteristics & Buyer Profile

This property is a 1925 home with 936 sq. ft. of living space on a 3,013 sq. ft. lot, located on Sherburn Street in Winnipeg’s Wolseley neighbourhood. Its appeal is rooted in a combination of affordability and character. The assessed value ($285,000) sits comfortably below the city and neighbourhood averages, and while the living space is smaller than most Wolseley homes, it is very much in line with other houses on its own street. This suggests you’re paying for a well-scaled, older home in a desirable older neighbourhood, rather than for extra square footage you may not need. The land size is also notably consistent with the street and neighbourhood norm, which is uncommon in a city where lots often balloon in size further from the core. This property would suit a buyer who values location and established character over raw size—likely a first-time homeowner, a downsizer, or someone who wants access to Wolseley’s walkable, tree-lined streets without stretching their budget for a larger, pricier house.

Five Possible FAQs

1. How does this home’s size compare to the typical Wolseley home?
It’s smaller than the Wolseley average of roughly 1,622 sq. ft., placing it in the bottom 7% of the neighbourhood. However, within Sherburn Street itself, the home is very close to the average size for that specific block, so it’s typical for its immediate surroundings rather than the broader area.

2. The assessed value is $285,000, but what does that actually mean for property taxes?
The assessed value is the basis for calculating your property taxes. Since this figure is below the city average ($390,000) and well below the Wolseley average ($371,000), you can expect annual taxes to be proportionally lower than many other homes in the neighbourhood. The tax rate is set by the city annually.

3. Is a 1925 home a risky purchase because of its age?
The home is older than the Winnipeg average (1966), but it’s actually newer than many houses in Wolseley, where the average build year is 1916. Being from 1925 puts it in a sweet spot—it predates mid-century materials but is part of a later wave of Wolseley construction. You should still budget for a thorough home inspection, particularly for the foundation, electrical, and plumbing.

4. The lot is 3,013 sq. ft.—is that enough space for a typical yard?
That lot size is normal for Sherburn Street and fairly standard for much of Wolseley. It’s small compared to city-wide averages (which include sprawling suburban lots), but not restrictive for this area. Expect a manageable front and back yard, suitable for gardening or a small patio, but not a large lawn.

5. What does the “progress bar” colour mean in the property data?
The progress bar shading indicates how this property ranks relative to others. Darker shading means it’s doing better (e.g., larger lot, newer build, higher assessed value). For this home, expect medium or lighter shading in most categories, reflecting its middle-of-the-road position on its street, with the main draw being its affordability relative to the broader neighbourhood.