Property Overview: 1107 Burrows Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-storey home built in 1910, presenting a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key features include a detached garage and a full, unrenovated basement. The property sits on a lot that is average in size for the immediate area (approximately 3,431 sq ft), which is a notable asset as it provides more outdoor space than most city-wide properties.
The primary appeal lies in its value proposition and potential. With a modest 785 sq ft of living space and an unrenovated condition, it is priced accessibly. This makes it a practical entry point into homeownership or a candidate for a hold-and-rent investment strategy. The lot size offers future flexibility, whether for expansion, gardening, or simply more privacy than newer infill lots provide. It would suit a first-time buyer comfortable with a home that requires updates over time, or an investor looking for a land-value play with current rental income. A less obvious perspective is that a home of this era, while requiring maintenance, often features solid construction and simpler, more adaptable floor plans for creative renovations.
Section 2: Frequently Asked Questions
1. What does "unrenovated basement" typically mean?
It indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, walls, and lighting, and should prioritize a thorough inspection for moisture management and foundational integrity.
2. How does the assessed value relate to the likely sale price?
The municipal assessed value ($15,400) is for tax purposes and is typically far below market value. The last recorded sale was in 2016 for $150,000. Current sale price will be determined by market conditions, the property's state, and its land value.
3. Is the smaller living area (785 sq ft) a concern?
It is below average for the street and city, indicating a compact home. This suits minimalist living or single occupants but requires efficient use of space. The unrenovated basement and larger lot offer options to compensate for this over time.
4. What are the implications of the 1910 build date?
Homes of this age require diligent upkeep. While they possess character, buyers must proactively plan for updates to aging plumbing, electrical systems, and insulation. A specialized pre-purchase inspection is highly recommended.
5. How does this property compare to others on the street?
The lot size is typical for Burrows Avenue, but the home itself is older and smaller than many neighbours. This positions it as a more affordable option on the block, with the trade-off being the need for more potential investment in modernization.