Property Overview: 1148 College Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1947, sits on a standard 3,645 sqft lot in the Burrows Central neighbourhood. With 1,032 sqft of living space, a detached garage, and an unrenovated basement, it presents as a straightforward, no-frills property. Its primary appeal lies in its position as a land-value proposition in a mature community. The data suggests it is a well-established home for the area, being newer than many of its immediate neighbours and on a lot that is larger than the citywide average.
The property would suit a practical, value-oriented buyer. This could be a first-time purchaser looking for an entry point into homeownership, an investor seeking a rental property with a traditional layout, or a hands-on individual who views the unrenovated basement as a blank canvas for future projects, not a drawback. Its assessed value is notably low compared to the Winnipeg average, indicating a potentially lower property tax burden, which is a significant but less obvious financial advantage.
Section 2: Frequently Asked Questions
1. What does "above average for the neighbourhood" really mean for this home?
The data shows that for Burrows Central, this home is newer (built in 1947) and on a larger lot than many comparable properties. This suggests it may have been well-maintained or have inherent advantages over some immediate peers.
2. Is the low assessed value a concern?
Not necessarily. A lower assessed value typically translates to lower annual property taxes, which is a tangible financial benefit. It reflects the home’s market position relative to the entire city, not the condition of this specific property compared to its direct neighbours.
3. Who is the ideal buyer for an unrenovated basement?
An unrenovated basement offers flexibility. It’s suitable for a buyer who wants to customize the space to their own needs—whether for storage, a workshop, or a future rec room—without paying a premium for a previous owner’s finished layout that may not suit them.
4. How does the lot size compare practically?
At 3,645 sqft, the lot is above the citywide average for similar homes. This means more outdoor space than many Winnipeg properties, which is a premium for gardens, play areas, or adding a deck, especially on a standard-sized lot for the street.
5. What is indicated by the home being "newer" than many on the street?
Built in 1947, it is newer than the average home on College Avenue (avg. 1930). This can sometimes correlate with updates to original building systems or layouts, but a specific inspection would be needed to confirm the state of major components like wiring or plumbing.