Property Overview
This one-and-a-half storey home on College Avenue in Winnipeg's Burrows Central neighbourhood presents a specific and compelling opportunity. Built in 1947, its key characteristic is a generous 3,824 sqft lot that is notably larger than most city properties, offering ample outdoor space. The living area itself is a modest 878 sqft, suggesting a cozy, efficient layout that may appeal to those seeking a simpler footprint without sacrificing yard size. The home features a detached garage and has no basement or pool.
Its appeal lies in its land value and location context. The lot size ranks well above average for both the immediate street and the broader neighbourhood, making it a standout for buyers prioritizing outdoor potential—whether for gardening, expansion, or simply having more private space. With an assessed value significantly below the city average and a recent 2020 sale price of $200k, it represents an accessible entry point into the market. This property would suit first-time buyers, downsizers, or land-value investors who are comfortable with a smaller, character home and see potential in the sizable lot. It’s a practical choice for those who value outdoor room over interior square footage and are looking for a home with straightforward, manageable spaces.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a home of this era?
It usually indicates a home with a main floor and a second floor under sloping rooflines, often creating cozy bedrooms with character. Ceiling heights and room layouts on the upper level can be more unique compared to a full two-storey.
2. The assessed value seems very low compared to the city average. Why is that?
The assessed value is based on municipal valuation for tax purposes and is heavily influenced by the home's modest size, age, and specific market area. It does not necessarily reflect current market sale price, as shown by the 2020 sale at $200k, but indicates lower annual property taxes.
3. How significant is the lack of a basement?
This is a key consideration. It means all mechanical systems, storage, and living space are confined to the main footprint. It simplifies flood risk and maintenance but requires creative storage solutions and means utilities are located on the main floor.
4. The lot is large for the area. What are the possibilities for it?
The generous lot is a major asset. While subject to local zoning, it offers excellent potential for large gardens, play space, adding a shed or workshop, or even future expansion like an addition or a new garage. It provides a sense of openness uncommon for the price point.
5. How does the living area size compare to a modern condo or apartment?
At 878 sqft, the living space is compact, similar to a large two-bedroom apartment. The layout likely makes efficient use of space. The overall experience, however, is vastly different due to the detached nature and the substantial private yard, which effectively extends the livable area.