228 Sherburn Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1921-built home in Wolseley with 1,216 sq. ft. of living space on a 3,013 sq. ft. lot. Its assessed value is $282,000.

What stands out here is the age of the home relative to its surroundings. The house was built earlier than most comparable properties on Sherburn Street (ranked #358 out of 537, top 67%), but in the broader Wolseley neighbourhood it’s actually newer than average—ranking in the top 24% for year built. That means you’re getting a character home in an older pocket of the city, but one that’s not as old as many of its neighbours. The lot size is also fairly typical for the street and neighbourhood, though well below citywide averages, which reflects the compact, walkable nature of central Winnipeg.

The appeal lies in the intersection of affordability and location. The assessed value is below the Wolseley average ($371.3k) and well below the citywide average ($390.1k), placing it in the bottom quarter citywide. For a buyer who wants to be in a desirable, established central neighbourhood without paying the premium that many Wolseley homes command, this property represents a more accessible entry point. It would suit someone who values an older home with character, is comfortable with a smaller lot and interior footprint, and prioritizes street-level livability over newly built finishes or expansive space.

Five Possible FAQs

1. How does this home’s assessed value compare to others on the street?
It’s around average for Sherburn Street. The street average is $266.3k, and this home is assessed at $282k, ranking it in the top 32% of properties on this street.

2. Is the living space small for the neighbourhood?
Yes, somewhat. At 1,216 sq. ft., it’s below the Wolseley neighbourhood average of 1,622 sq. ft. (ranking in the bottom 23% locally). However, it’s very close to the citywide average for comparable homes and is about average for Sherburn Street itself.

3. What does the year built tell me about the condition?
Built in 1921, it’s older than most citywide but newer than many homes in Wolseley—where the average is 1916. On its own street, it’s around average. Age alone doesn’t indicate condition, but it suggests the home likely has original character features common to early-20th-century builds, and any major systems (roof, plumbing, electrical) should be carefully reviewed.

4. Why is the lot size ranked so low citywide if it’s average for the street?
A 3,013 sq. ft. lot is typical for Sherburn Street and Wolseley, but the citywide average for comparable homes is 6,570 sq. ft.—more than double. This is because the city includes newer suburban areas with much larger lots. In central neighbourhoods like Wolseley, smaller lots are the norm and reflect a more pedestrian-oriented, older urban layout.

5. What exactly is being compared in these rankings?
The rankings compare this property to other single-family or comparable homes within Winnipeg. The “street level” compares it to others on Sherburn Street, the “neighbourhood level” to homes in Wolseley, and the “citywide level” to similar properties across the entire city. Rankings are based on how the property stacks up against a median benchmark for each category (living area, assessed value, year built, lot size).