223 Sherburn Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1924-built home in Wolseley with 936 square feet of living space on a 3,013-square-foot lot. Its assessed value is $330,000.

The property sits at an interesting intersection of rankings. On its own street, Sherburn, it’s a strong value play: the home is assessed above average compared to neighbours (top 11% on the street), yet its living area is roughly average for the block. The lot is similarly average for the street but noticeably smaller than citywide norms—Winnipeg’s average lot for comparable homes is more than double this size. Age-wise, it’s older than the typical city home (built 1966 on average) but fits right in with Wolseley’s character, where the neighbourhood average build year is 1916.

The appeal lies in relative affordability within a desirable, established neighbourhood. The assessment is around the midpoint for both Wolseley and the city, suggesting it’s not overpriced for the area. Buyers get the character of an older home without paying a premium for extra square footage or a large yard. This property would suit someone who values being in a central, walkable neighbourhood over having a big house or expansive lot—someone who wants to live in Wolseley but is priced out of the area’s larger, more expensive homes.

Five Possible FAQs

1. How does this home compare to others on Sherburn Street?
It’s assessed higher than 89% of homes on the street, meaning it holds above-average value for the block. The living area and lot size are both close to the street average, so you’re getting good value per square foot relative to immediate neighbours.

2. Is the lot considered small?
It depends on what you’re comparing to. On Sherburn Street and in Wolseley, the lot is average. But citywide for comparable homes, the average lot is about 6,570 square feet—more than double this property’s 3,013 square feet. So if you’re used to newer suburban lots, this will feel compact.

3. How old is the house, and is that a concern?
The home was built in 1924—older than most houses citywide (average 1966) but younger than many in Wolseley (average 1916). It’s a standard age for the neighbourhood. The key question is how well it’s been maintained, not the age itself. Older homes often have solid construction but may need updated systems.

4. Is $330,000 a fair price for this area?
The assessed value is a bit below the Wolseley average ($371,300) and the citywide average ($390,100) for comparable homes. On Sherburn Street, it’s above the street average ($266,300). This suggests the home is priced reasonably for its size and location—you’re paying a premium for the street but getting a discount relative to the broader neighbourhood.

5. What does “top 11% on the street” for assessment actually mean?
It means only 58 out of 537 homes on Sherburn Street have a higher assessed value. This reflects the home’s condition, upgrades, or lot characteristics relative to others on the same block—not necessarily that it’s overpriced, just that it ranks high in value among its immediate neighbours.