Property Overview
This 1960-built, one-storey home on a 2,745 sqft lot presents a specific and practical opportunity. Its key appeal lies in its efficient scale and recent updates, positioned in Winnipeg's Burrows Central neighbourhood. With 724 sqft of living space and a renovated basement, it offers a compact, low-maintenance footprint. The home stands out on its street for being newer than most, and its assessed value is notably above average for the immediate area, suggesting it has been maintained or improved relative to its peers. However, its living space is modest compared to broader averages.
This property would suit a first-time buyer seeking an entry point into the market with immediate move-in readiness, thanks to the renovated basement. It's also a potential fit for an investor looking for a manageable rental property, or a downsizer wanting minimal upkeep. The smaller scale means utility and tax costs are likely contained, which is a practical, less obvious advantage. Buyers should be comfortable with a cozy living arrangement and value the potential of the lot size over the current interior square footage.
Frequently Asked Questions
1. Is this a small house?
Yes. With 724 sqft of above-ground living area, it is significantly more compact than the average Winnipeg home. The renovated basement adds usable space, but the overall footprint is efficient.
2. How does the lot size compare?
The 2,745 sqft lot is below average for the city but fairly typical for the central neighbourhood. It provides a manageable outdoor space without excessive maintenance demands.
3. What does the "above average assessed value for the neighbourhood" indicate?
This typically suggests the property has been updated or is in better condition than many nearby homes. The renovated basement likely contributes to this. It's a positive sign for overall condition but doesn't directly predict sale price.
4. Who might this property not suit?
It may not fit families needing multiple bedrooms or dedicated workspaces, or buyers who prioritize spacious interiors. The one-storey design and smaller size could feel restrictive for those accustomed to larger homes.
5. What is the context of the 2019 sale price?
The home sold for $24,100 in August 2019. This historical figure is useful for tracking trends, but market conditions, interest rates, and the subsequent basement renovation mean the current value and listing price will be determined by today's market.