70 Sherburn Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1926 home with 864 square feet of living space on a 3,012-square-foot lot, located in Winnipeg’s Wolseley neighbourhood. Its current assessed value is $304,000.

Where the appeal lies: The property ranks well above average in assessed value compared to other homes on Sherburn Street (top 20%), suggesting it may hold or offer more value relative to its immediate neighbours. The lot size is typical for the street and the neighbourhood but smaller than citywide averages, which is common for older, centrally located areas. The home’s year of build is older than the citywide median—not unusual for Wolseley, where many homes date to the early 1900s—but the neighbourhood itself has a notably high concentration of pre-1920s houses, so this property fits the local character.

What makes it less obvious: The living area is below average at every level—street, neighbourhood, and city. That’s not necessarily a drawback, but it means the home’s value is not driven by square footage. The assessed value outperforms the street average significantly despite being smaller, which could point to recent updates, a desirable lot, or location-specific demand. Buyers should look past the size and focus on condition and street context.

Suitable for: First-time buyers or investors looking for an entry point into Wolseley, a sought-after inner-city neighbourhood with mature tree canopy and character homes. Also suited to someone who values location over interior space and is open to a smaller footprint or future expansion if zoning allows. Not ideal for anyone needing a large home or a big yard by city standards.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in Wolseley?
The property’s $304,000 assessed value is below the neighbourhood average of $371,300, ranking in the bottom 28% locally. However, it sits above the street average of $266,300, meaning it’s priced higher than most homes on Sherburn Street itself.

2. Is the lot size typical for this area?
The 3,012-square-foot lot is right around the average for Sherburn Street and slightly below the Wolseley neighbourhood average of 3,434 square feet. Citywide, lots in comparable home categories average over 6,500 square feet, so this is a notably smaller parcel—common for older, central neighbourhoods.

3. Why is the living area ranked low if the home is in a desirable neighbourhood?
At 864 square feet, this home is smaller than most in Wolseley and well below the citywide average for comparable properties. The neighbourhood is known for older, compact houses, but even by that standard, this unit falls below the median. Buyers should not expect generous interior space.

4. What does the year built tell me about the home’s condition?
The home was built in 1926, which is typical for Sherburn Street (average 1925) and actually newer than the Wolseley neighbourhood average of 1916. Citywide, the average home in this category was built in 1966, so this is an older property. Age alone doesn’t indicate condition, but buyers should budget for maintenance typical of pre-war construction: knob-and-tube wiring legacy, plaster walls, possible foundation settling, and lead paint risk.

5. How does this property rank overall compared to others in Winnipeg?
Citywide, it ranks in the top 86% for living area (meaning most homes in the city are larger), top 70% for assessed value (lower than average but not the very bottom), top 85% for newer construction (it’s older than most), and bottom 12% for lot size. In short: a compact, older home on a small lot, with a value that slightly lags the city average—but stands out positively on its own street.