Property Overview
This one-storey home at 1128 College Avenue in Winnipeg's Burrows Central neighbourhood presents a straightforward opportunity centered on its land. Built in 1947, the house itself is modest at 700 sqft with an unrenovated basement and no garage. Its key characteristic is the 3,872 sqft lot, which is notably larger than many city-wide lots and above average for the immediate area. The appeal lies in its value as a land play—a property where the lot size offers future potential, whether for expansion, redevelopment, or simply more outdoor space, at a very accessible price point. It would suit a practical buyer looking for an entry into homeownership with a focus on the asset's long-term potential rather than immediate move-in condition, or an investor considering the value of the land itself.
Frequently Asked Questions
1. What is the true condition of the home?
The listing notes the basement is "not renovated," which typically indicates it remains in original or utilitarian condition. Given the home's age and smaller living area, buyers should budget for updates and maintenance.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's characteristics relative to similar homes. The modest size and condition of the dwelling, combined with its neighbourhood setting, result in a value significantly below the Winnipeg average, which is driven by newer, larger homes.
3. Is the large lot size a major advantage?
Potentially, yes. For the street and neighbourhood, this lot is above average. This provides more yard space and could offer future options not available on smaller, standard lots, which is a key differentiator for this property.
4. What should I know about the neighbourhood ranking for "Year Built"?
The home, built in 1947, is considered "above average" for its age within both the street and neighbourhood contexts. This indicates the surrounding area consists primarily of older, character homes, which can be positive for stability but may also mean higher maintenance costs nearby.
5. Who would this property not be suitable for?
It is likely not a match for buyers seeking a turn-key home, modern finishes, garage parking, or substantial interior living space without a renovation project. The value proposition is fundamentally tied to the land and the opportunity it presents.