Key Characteristics & Buyer Profile

This is a 1924 home on Sherburn Street in Wolseley, with 944 sq ft of living space and a 3,014 sq ft lot. Its assessed value of $314,000 sits above the street average but below the Wolseley and city averages—a pattern that tells a balanced story. The house is older than most in Winnipeg (ranking in the bottom 15% city-wide by build year) but newer than many in Wolseley, a neighbourhood known for its heritage housing stock.

The property’s appeal lies in its location and relative affordability within a desirable central neighbourhood. While the square footage is modest compared to Wolseley’s typical 1,622 sq ft, the lot size is close to the street average and notably smaller than the massive city-wide norm of 6,570 sq ft. That means lower maintenance and a more manageable footprint, without sacrificing the character of the area.

This home suits buyers who want access to Wolseley’s walkable, established community but aren’t looking for a large family home or a high-end renovation project. It’s a fit for someone who values the neighbourhood’s vibe over interior square footage—first-time buyers, downsizers, or anyone who prefers a smaller space in a highly sought-after area over a bigger house farther out.

Five Frequently Asked Questions

1. How does the property’s size compare to other homes in Wolseley?
It’s below the Wolseley average of 1,622 sq ft, ranking in the bottom 8% of the neighbourhood. That’s partly because many Wolseley homes are larger, older houses. But for a street like Sherburn, where the average is 1,162 sq ft, this home is close to the norm.

2. Is the assessed value a good indicator of market price?
The assessed value of $314,000 is higher than the street average but lower than the Wolseley and city averages. Assessments lag market conditions, but this suggests the home is priced competitively for its street while still being an entry point into a higher-value neighbourhood.

3. What does the 1924 build year mean for maintenance?
A home this age will likely need ongoing upkeep, but it’s newer than many Wolseley homes (the neighbourhood average build year is 1916). That means it may have had more recent updates, though it’s still older than most city-wide properties. A home inspection is essential to assess the roof, foundation, and mechanicals.

4. How does the lot size affect usability?
At 3,014 sq ft, the lot is standard for Sherburn Street and Wolseley, well below the city average. That’s typical for an older urban neighbourhood. It’s large enough for a small garden or patio but won’t accommodate a major addition or large yard.

5. Who would be the ideal buyer for this property?
Someone looking for a smaller, character home in a central, walkable neighbourhood—without paying for excess space they don’t need. It’s less suited for families needing multiple bedrooms or buyers expecting a turnkey modern finish.