208 Sherburn Street – Property Summary

Key Characteristics & Buyer Profile

This 1924 Wolseley home offers 1,432 square feet of living space on a 3,013-square-foot lot. Its strongest asset is value relative to the immediate street: assessed at $334,000, it ranks in the top 11% on Sherburn Street, where the average assessment is $266,300. The living area also stands out locally, ranking in the top 23% on the street despite being slightly smaller than the Wolseley neighbourhood average of 1,622 square feet.

The home’s age (1924) is notably older than the citywide median (1966), but within Wolseley it’s actually newer than the neighbourhood average of 1916. The lot size is modest by city standards, ranking in the bottom 12% citywide, though it’s typical for the street and area.

What’s less obvious is the trade-off here: you’re getting above-average space and value on the block, but the home doesn’t outperform its wider neighbourhood or city in most metrics. This suggests a property where the buyer pays a premium for the street itself, not necessarily for scale or land. It would suit someone who values being on a specific, likely well-regarded stretch of Sherburn Street, or who prioritizes a solid interior over a large yard. Given the age, buyers should expect character details but also older systems—this is not a move-in-ready flip. It’s a home for someone who wants Wolseley’s established feel without the top-of-market land costs.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
On Sherburn Street, the $334,000 assessment is well above the $266,300 street average and places the home in the top 11% locally. However, it’s below both the Wolseley neighbourhood average ($371,300) and the citywide average for comparable homes ($390,100). So it’s a strong value for the street, but not a bargain relative to the broader area.

2. Is the lot size unusually small?
Only relative to the city as a whole—the 3,013-square-foot lot ranks in the bottom 12% citywide. But on Sherburn Street and in Wolseley, it falls near the average. Buyers coming from newer subdivisions may find it tight, but it’s standard for this older, walkable neighbourhood.

3. What should I know about a 1924 home’s condition?
The data doesn’t cover condition, but a home built in 1924 likely has original craftsmanship (plaster walls, hardwood floors, possibly knob-and-tube wiring) and may have been updated in phases. Wolseley homes of this era often retain vintage character but require review of electrical, plumbing, insulation, and foundation. A thorough inspection is essential—this isn’t a home that hides its age.

4. How does this home compare to others on the market in Wolseley?
It’s slightly smaller in living area than the Wolseley average (1,432 vs. 1,622 sqft) and assessed below the neighbourhood median. It’s also newer than the typical Wolseley home (1924 vs. 1916). So it’s a relatively more modern vintage for the area, but not oversized or overvalued by neighbourhood standards.

5. What type of buyer typically looks at this property?
Someone who wants a character home in a central, walkable Winnipeg neighbourhood but isn’t chasing maximum square footage or a large yard. It’s probably less suited for a family needing space to grow, and more for a couple, a small family, or someone downsizing who values street appeal and location over raw size. The street-level value suggests a premium for the address itself.