234 Sherburn Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1921-built home in Wolseley with 1,540 sq. ft. of living space on a 3,013 sq. ft. lot. The house is a solid, older character property that sits in a neighbourhood with a strong sense of history. What stands out is the living area: it’s larger than most homes on Sherburn Street (top 17%) and also above average for comparable homes across Winnipeg (top 28%). This means you’re getting more interior space than many similar-era houses in the city.

The assessed value is $253,000, which is below both the Wolseley neighbourhood average ($371,300) and the citywide average for comparable homes ($390,100). This suggests the property is priced more affordably relative to its immediate surroundings and the broader market. The lot size is modest by citywide standards (bottom 12%), but roughly average for the street and neighbourhood, which is typical for Wolseley.

The appeal of this property lies in its balance: you get a generous interior footprint in a historic, walkable area, but at a price point that doesn’t reflect the premium of some of the pricier homes nearby. It’s not a renovated showpiece—it’s a solid, well-located house that likely needs a buyer willing to add their own updates over time. The home would suit buyers who value character, space, and location over turnkey finishes. First-time buyers looking for a project with long-term potential, or downsizers who want room to spread out in a central neighbourhood without paying top dollar, would find this property worth a serious look.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The current assessed value of $253,000 is notably lower than the Wolseley neighbourhood average of $371,300 and the citywide average for comparable homes of $390,100. On Sherburn Street itself, it’s around the midpoint. This makes the property relatively affordable for its area, but it’s worth confirming whether the assessment reflects recent renovations or deferred maintenance.

2. Is the lot size typical for Wolseley?
Yes, the 3,013 sq. ft. lot is average for both Sherburn Street and the Wolseley neighbourhood. However, compared to newer suburban properties farther from the core, it is smaller. This is normal for an older, established neighbourhood where lots are often more compact.

3. What does the 1921 build date mean for maintenance or upgrades?
Homes from 1921 are common in Wolseley (the neighbourhood ranks in the top 24% for older homes citywide). Buyers should expect original plaster, knob-and-tube wiring in some cases, and possible foundation or plumbing issues common to that era. A thorough home inspection is recommended, especially for the electrical system and basement.

4. How does the living space compare to other homes in the city?
At 1,540 sq. ft., the living area is above the citywide average for comparable homes (1,342 sq. ft.) and well above the average on Sherburn Street (1,162 sq. ft.). This makes it one of the larger houses on the street for its age, which could be a clear advantage if you need extra room.

5. What is the resale potential or growth outlook for this area?
Wolseley is a stable, sought-after neighbourhood with established character and good access to amenities like parks, shops, and transit. The below-average assessed value relative to the neighbourhood suggests there may be room for value growth over time, especially if the property is updated strategically. However, the lot size and overall citywide ranking of the home (82nd percentile for value) indicate it’s not a luxury market property—it’s more of a solid, long-term hold.