Here is a clean, standalone summary of 137 Sherburn Street.

Key Characteristics & Buyer Profile

This is a compact 972 sqft home built in 1924 on a 3,012 sqft lot in Winnipeg’s Wolseley neighborhood. What stands out immediately is the value proposition: the property is assessed at $319k, which is notably higher than the average for comparable homes on Sherburn Street ($266k) and ranks in the top 15% on the street. This suggests the home’s value is recognized locally, even though its living area is below the street and neighborhood averages.

The appeal lies in its price point relative to the neighborhood. Wolseley is known for character homes and a desirable central location, but the average home there is larger (1,622 sqft) and assessed higher ($371k). This property offers an entry point into that area at a figure that sits around average for the city, making it a more affordable foothold in a sought-after location. The lot size is typical for Sherburn Street but smaller than the citywide standard, which is common for older, inner-city neighborhoods.

This home would suit a buyer who prioritizes location and character over square footage. It is likely a good fit for a first-time buyer looking to get into Wolseley, a downsizer who values neighborhood walkability over interior space, or an investor eyeing a property with a solid base value on a good street. It is less suited for someone needing a large modern floor plan or a big yard.

Frequently Asked Questions

1. How does the living space here compare to other homes nearby?
The home’s 972 sqft is below the average for both Sherburn Street (1,162 sqft) and the wider Wolseley neighborhood (1,622 sqft). It ranks in the bottom portion of homes for size on its street and neighborhood. You are getting a smaller footprint, which is the trade-off for the location and price.

2. The assessed value seems high for the size of the home. Why?
Assessed value considers more than just square footage—it factors in land value, location, condition, and improvements. The $319k assessment ranks in the top 15% on Sherburn Street, which likely reflects the desirability of the specific stretch of street, the value of the lot itself, and possibly updates or quality of the structure that aren’t visible in floor plan alone.

3. What is the advantage of buying a home that is nearly 100 years old?
The main advantages are character and location. Older homes in established neighborhoods like Wolseley are often situated on tree-lined streets with mature lots and are close to amenities. They tend to be built with materials and craftsmanship that are harder to find in newer construction. On the other hand, you should budget for ongoing maintenance and potential system upgrades.

4. Is the lot size a concern?
Not necessarily for this area. The 3,012 sqft lot is very typical for Sherburn Street (ranked around the middle) and close to the neighborhood average. While it is well below the citywide average, that is standard for older, closer-in neighborhoods. It is a manageable, low-maintenance yard, not a sprawling suburban lot.

5. How does the property rank overall within Winnipeg?
The home ranks near the middle for citywide assessed value (top 65%), but its size and lot are below the citywide median. The year built (1924) is much older than the city average (1966), placing it in the older 15% of homes citywide. In short, it is a classic older Winnipeg home that is priced competitively for its tight-knit neighborhood.