212 Sherburn Street – Property Summary

Key Characteristics and Buyer Profile

This 1923 home in Wolseley offers 1,260 sq. ft. of living space on a 3,013 sq. ft. lot. Its assessed value is $325,000. On its street, it ranks well above average for value (top 13%) and around average for size and age. Within the broader Wolseley neighbourhood, the property sits slightly below average for living area and lot size, but close to the median for both value and age. Citywide, it performs near the middle for living area and value, and below average for lot size and age.

The main appeal here is the strong relative value on Sherburn Street itself. For a buyer looking at comparable homes nearby, this property is priced more attractively than most. At the same time, the house is older than the citywide median—typical for Wolseley—and the lot is modest by Winnipeg standards. This would suit someone who prioritises location and character over square footage or a large yard. It’s a solid fit for a first-time buyer or someone downsizing who wants to be in an established central neighbourhood without paying a premium for extra space they don’t need. A less obvious angle: because the home lags the city in lot size and age but is competitively priced on its street, it may offer more room for appreciation if the surrounding area sees continued reinvestment.

Frequently Asked Questions

1. How does this property's assessed value compare to others nearby?
On Sherburn Street, the assessed value of $325,000 is above the street average of $266,300. Within Wolseley, it’s around the neighbourhood average of $371,300. So you’re getting a good deal relative to your immediate block, though not below the broader neighbourhood median.

2. Is the lot size considered small?
At 3,013 sq. ft., it’s average for the street and around average for Wolseley, but well below the citywide average of 6,570 sq. ft. If you’re used to suburban lots, this will feel compact. Within Wolseley, it’s consistent with many older infill properties.

3. How old is the house, and is that a concern?
Built in 1923, it’s above average in age for Wolseley (neighbourhood median is 1916) but older than most homes citywide. This means it has character and likely solid construction, but buyers should budget for ongoing maintenance typical of century homes—electrical, plumbing, and insulation upgrades may be relevant.

4. How does the living area compare to other homes in Wolseley?
At 1,260 sq. ft., it’s below the Wolseley average of 1,622 sq. ft. but close to the citywide average of 1,342 sq. ft. It’s a comfortable size for one or two people, but not spacious for a larger family.

5. What type of buyer would benefit most from this property?
Someone who wants to live in Wolseley without overpaying relative to the street, and who values location over a large yard or newer construction. It could also appeal to an investor looking for a property with below-median citywide metrics but strong street-level value—potentially a candidate for renovation or hold for long-term appreciation.