Property Overview: 1088 Burrows Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old (1911) one-storey home on a standard city lot in the Burrows Central neighbourhood. Its key characteristic is its modest scale, with 752 sq ft of living space and an unrenovated basement. The home lacks a garage and pool.
The primary appeal lies in its position as an accessible entry point into the Winnipeg market. The very low assessed value and historically low sale price indicate a property suited for buyers with a limited budget or those seeking a minimal holding cost. It would suit a hands-on buyer looking for a straightforward project home, an investor seeking a rental property with a low initial outlay, or possibly someone interested in the land value for future redevelopment. A less obvious perspective is that its small size and vintage could appeal to someone seeking a minimalist lifestyle without the premium often attached to modern "tiny homes."
It's important to note that, according to the provided data, this property ranks below average in nearly every metric—including land size, living area, and year built—compared to homes on its street, in its neighbourhood, and across Winnipeg. This isn't a property for those seeking move-in-ready finishes or ample space; its value is fundamentally rooted in affordability and potential.
Section 2: Frequently Asked Questions
1. What does "below average" ranking in the metrics actually mean?
It means that compared to the group of reference homes (on the same street, in the area, or city-wide), this property has less land, is older, has smaller living space, and has a lower assessed value than most. For example, its land size is in the bottom 10% on its street.
2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should assume it is in original, likely unfinished, condition and budget for any desired improvements.
3. Who might this property not be suitable for?
It would likely not suit a family needing multiple bedrooms or significant living space, anyone unable to undertake renovation work, or a buyer prioritizing modern amenities and immediate comfort.
4. The assessed value is very low. Does that mean the taxes are low?
While a low assessed value typically correlates with lower property taxes, the exact tax amount depends on the city's mill rate. The low assessment is a strong indicator of below-average tax costs.
5. Are the nearby comparison properties similar?
The listed nearby properties with similar assessed values vary in size and age, but all fall into the same very affordable tier. The similar-sized homes on Burrows Avenue (e.g., 1063 Burrows at 527 sq ft) confirm the character of small, older homes in this specific section of the street.