Property Overview
This well-situated one-storey home on a generous lot presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Built in 1947, its key appeal lies in the combination of a renovated basement and a land size that is notably above average for both its street and local area. With a detached garage and a manageable 930 sqft of living space, it suits first-time buyers, downsizers, or investors looking for a solid, no-frills property with room to grow outdoors. The home’s assessed value is strong compared to its immediate peers, suggesting a well-regarded position within the community. A thoughtful perspective for buyers is to see the value here as primarily in the land and location rather than the interior square footage, making it ideal for someone who prioritizes yard space over a large house, or who views the renovated basement as key to extending the functional living area.
Frequently Asked Questions
What does "above average" for land area actually mean?
The 4,394 sqft lot is larger than approximately 78% of the lots on Redwood Avenue and 83% of those in the broader Burrows Central area, offering more outdoor space than most nearby properties.
Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should consult with the city to verify permissible uses and any necessary permits.
How can the assessed value be so much lower than the city-wide average?
The assessed value reflects the home's value relative to similar properties in its specific market area. While it is above average for Burrows Central, Winnipeg-wide averages are skewed significantly higher by newer and larger homes in different neighbourhoods.
What is the significance of the home's age?
Built in 1947, the home is older than the city median but is actually newer than many comparable homes on its street and in the neighbourhood, where average build years are 1934.
Are the sale history and nearby prices comparable?
The home last sold in 2019. The nearby properties listed are for geographical reference only; their assessed values and details differ. For true comparables, focus on the "Similar assessed value" list or consult a real estate professional for a current market analysis.