Property Overview
This 1929 one-and-a-half storey home at 1111 College Avenue in Winnipeg's Burrows Central neighbourhood presents a specific and compelling value proposition. Its primary appeal lies in its generous 5,350 sqft lot, which is significantly larger than most in the immediate area and neighbourhood, ranking in the top 15% on its street. The home itself is modest in size at 812 sqft of living space, and it features a renovated basement and a detached garage. It last sold in June 2021 for $200,000.
This property would suit a pragmatic, value-oriented buyer. It's ideal for a first-time homeowner comfortable with a smaller, character home who places a premium on outdoor space for gardening, pets, or future expansion. It could also appeal to an investor looking for a land-strong asset in a stable neighbourhood, where the lot itself represents a substantial portion of the property's value and potential. The renovated basement adds functional living space, making the compact main floor more manageable.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. The lot is notably larger than typical properties on College Avenue and in Burrows Central. This provides more private outdoor space and is often seen as a long-term asset, offering potential for additions, a large garden, or simply more breathing room than neighbouring homes.
2. The living area is listed as below average. How livable is the floor plan?
At 812 sqft, the main living space is compact. However, the presence of a renovated basement effectively doubles the usable space, which likely includes additional rooms, storage, or living areas not reflected in the official "Living Area" metric. Viewing the home as a combined main floor plus basement layout is essential.
3. What does the assessed value indicate?
The assessed value ($18,400) is a municipal figure for tax purposes and is not a market valuation. Its low figure relative to the 2021 sale price of $200,000 is typical for older neighbourhoods and reflects a provincial tax assessment formula, not current market value. The sale price is the relevant metric for buyers.
4. Who might this property not suit?
It may not suit buyers seeking a large, modern, turn-key home with ample above-ground square footage. The main floor is modest, and the 1929 build date suggests potential for character details but also means systems (roof, wiring, plumbing) should be carefully inspected for age and updates.
5. How does the 2021 sale price inform today's value?
The $200,000 sale price three years ago establishes a recent benchmark. Current value will be influenced by market trends since then, the condition of the home, and any updates made by the sellers. It provides a solid baseline for comparison with similar recent sales in the area.