# 524 Sherburn St

2025-10-04

Open house. Many people and couples viewing.

## Area

Feels accessible for newcomers.

Behind the back street, there are parking lots. One of the buildings is a "Chief Peguis Business Center" for First Nations business.

There are pharmacies, MicroAge computer store, Eastern Healing Center (acupuncture and others).

Hugh spoke with the neighbour, she said it's a nice neighbourhood. Feels enough like Wolseley. Says it's too bad to see their neighbour go. She'd recommend it (the area) to her children.

## Entrance

It's fine.

## Kitchen

Updated by a professional, but without a permit. Not sure what the implications of this are.

The kitchen stove vent is custom and brutalist.

The floor is some sort of resin material.

## Stairs

Big new window, lots of light in the stairway.

![2025-10-04 524 Sherburn upstairs.svg](.attachments.4866041/2025-10-04%20524%20Sherburn%20upstairs.svg)

  
The door at the top of the staircase can be closed and locked from the inside. This could be a separate apartment.

## Basement

Door leads to the outside on the side of the house. The door is full sized, unlike other side door which are tiny.

There is a keypad for the door lock.

The basement smells like normal basement, not as clean and new as 134 Garfield.

## Outside

Back wall in the hard opens up completely. It hangs on a rail with rollers. The wall slides in front of the garage door when it is open.

The electric garage door works.

A lot of deck. And also some grass and garden space. Shelter frame built on deck, not sure if it comes with shelter cover.

A door on the back of the house has been closed off with brick and a window to make space for a counter in the kitchen inside. The outside space has been put to use as a grill area.

## Strategy with Hugh

We will now shift to preparing an offer on the 134 Garfield St house. Then, the ideal timeline to clear the financing part is by Friday, but Hugh said we'll make an offer and it's okay if the pre-approval comes later. Of course, I'll send the docs to the bank so that they can proceed and provide the letter on Monday. We have until 6pm to put an offer.

Monday, Hugh will talk with the agent of 134 Garfield St S. He will ask how many offers they got, but there is no guarantee that the seller will give an accurate number. Hugh will get a feel for it. There's no certainty he can reach the seller's agent over the weekend.

Then he will do a comparative market analysis of houses sold in this area in the past 2-3 months. Hugh will help us determine our exact offer, as well as our maximum (walk away) value, in case the seller makes a counter-offer. He will keep us posted on his progress.

He says the houses we've seen are "very well priced". The offer value we should put depends on the "feel" from talking to the agent and from comparative analysis.

We can continue looking at other new listings on realtors.ca. But nothing new came up in his searches in our areas of interest since Hugh started working with us.

## General home owners strategy

It takes 4-5 years to make profit from a house. By how much it increases in value over time.

By the 5th year, you should be in "profit zone" if you sell.

After you buy, start putting aside a house project fund. Before selling, you can put in 10-15K$ in upgrade projects. It goes a long way and can increase the house value 30-40K$ more.