Key Characteristics & Appeal

This is a 1921 home on Sherburn Street in Winnipeg’s Wolseley neighbourhood, with a living area of 1,388 square feet on a 3,013-square-foot lot. Its standout feature is the assessed value: at $455,000, it ranks in the top 1% on its street and top 16% in the neighbourhood—significantly higher than the street average of $266,300. This suggests the property has been substantially upgraded, expanded, or is in a premium location within the area.

The home’s living area is above average for Sherburn Street (top 26%) but around average for Wolseley and the city, meaning it’s not unusually large but offers more space than many immediate neighbours. The land area is tight by citywide standards (top 88% for Winnipeg, where lots average over 6,500 square feet), though typical for the street and neighbourhood. The year built is older than most Winnipeg homes but sits among similar-era properties on the street.

Its appeal is likely to buyers who prioritise character and finish over raw square footage or land. The high assessed value relative to comparable homes indicates either a renovated interior, quality materials, or an exceptional streetscape position. It would suit someone who wants a pre-war home with modern comforts in a walkable, established neighbourhood, and who understands that the property commands a premium for what it is—not for size or lot.

Ideal buyer: A professional couple or small family who values architectural details and wants to be in Wolseley without needing a large yard. Also a buyer who sees the high assessed value as evidence of solid construction and upgrades, worth paying for—rather than viewing it as overpriced.

Five Possible FAQs

1. Why is the assessed value so much higher than other homes on the street?
Assessed value reflects market value based on recent sales and property characteristics. The $455,000 figure—nearly double the street average—typically means the home has undergone significant renovations (kitchen, bathrooms, mechanicals), has higher-quality finishes, or sits on a preferred block. It could also reflect a recent sale price that set a new benchmark. Without an in-person inspection, the exact reason can’t be confirmed, but the gap is large enough to indicate a property that’s an outlier in condition or upgrades.

2. Is the small lot a downside?
Only if you need a large garden, parking for multiple vehicles, or room for additions. At 3,013 square feet, the lot is typical for Sherburn Street and Wolseley, but it’s well below Winnipeg’s average. For someone who prefers a low-maintenance yard and values location over outdoor space, it’s a neutral or positive feature. The ranking (top 37% on the street) shows many neighbours have similar constraints.

3. How old are the home’s major systems likely to be?
The house was built in 1921, but the high assessed value suggests major systems (roof, furnace, electrical, plumbing) have likely been updated within the last 10–20 years. However, that’s not guaranteed by the data. Original elements like windows, foundation, or insulation could still be period-appropriate. A buyer should request records of any permits or renovations before making an offer.

4. How does this home compare to a typical Wolseley property?
In terms of living area, it’s on par with the neighbourhood average. In assessed value, it’s well above. This means it offers a similar footprint but likely stands out for interior quality, curb appeal, or a quiet street position. The lot is slightly smaller than the Wolseley median (3,434 square feet). Year built is slightly newer than the neighbourhood median (1916), so it’s not one of the oldest homes in the area.

5. Is the property a good investment at this price point?
That depends on whether it’s already priced at market value for what it offers. The citywide assessed value ranking (top 28%) shows it’s considered a premium home in Winnipeg, not just on its street. In a stable neighbourhood like Wolseley, a well-maintained, smaller home with character can hold value well—especially if it’s one of the nicer options in its immediate area. But if the assessed value is near the top of what the street can support, future appreciation may be slower than for a fixer-upper with more potential.