Property Overview: 788 Mountain Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Mountain Avenue is defined by its substantial 7,260 sqft lot, which places it in the top 1% for land size within its immediate area and neighbourhood. This is the property's most compelling feature, offering rare potential for expansion, gardening, or outdoor living in Burrows Central. Built in 1931, the 1,170 sqft house presents a classic footprint with an unrenovated basement and a detached garage. Its appeal lies in this clear value proposition: you are purchasing significant land with a solid, vintage home in place. It suits buyers looking for a long-term project, whether that's a gradual renovation to customize the interior, an eventual addition to capitalize on the lot size, or simply someone who prioritizes generous outdoor space over a modern, turn-key home. A thoughtful perspective is that while the home's assessed value is below the citywide average, it is above average for its specific neighbourhood, suggesting it is a recognized and substantial property within its local context.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a home of this era?
It generally indicates the basement retains its original state, likely with a concrete floor, foundational walls, and basic mechanical systems. It offers functional space and storage but will require investment to finish as living space.
2. How significant is the lot size compared to nearby properties?
The data shows this lot is in the elite top 1% for Burrows Central, meaning it is substantially larger than most in the neighbourhood. The average lot for comparable local homes is about 3,500 sqft, making this property's 7,260 sqft parcel exceptionally spacious.
3. The home sold for $210k in 2022. How does that price relate to its assessed value?
The sale price was significantly higher than the current assessed value of $22,400. This is not uncommon, as assessed values for tax purposes often lag behind market sale prices, which are influenced by current demand, condition, and specific buyer competition.
4. What type of neighbourhood is Burrows Central?
The provided data compares the home primarily within the Burrows Central area, indicating it's a neighbourhood of mostly older, modestly sized homes. The property's above-average living area and lot size for the area suggest it is a standout offering in this community.
5. Are the compared "similar assessed value" properties good indicators of this home's market?
Not directly. Those comparisons are based solely on matching the municipal assessed value for tax purposes. They are in different neighbourhoods across Winnipeg and do not reflect similar lot size, living area, or community characteristics, which are more relevant for a buyer.