Property Summary: 802 College Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1926, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key features include a renovated basement and a detached garage. The appeal lies in its solid positioning within the local market context. The lot size (4,139 sq ft) is notably above average for the immediate area, offering more outdoor space than many neighbouring properties. Similarly, the living area (1,099 sq ft) is spacious for the neighbourhood, providing comfortable room for a household.
The home’s assessed value stands out as being well above average for both its street and broader area, which can indicate perceived stability or improvements. It would suit first-time buyers or pragmatic investors looking for a character home with a generous lot in an established community. It’s also a fit for buyers who value a sense of space and privacy relative to nearby homes, without the premium of a newer suburb. A thoughtful perspective is that this property represents a balance: it offers more interior and exterior space than many local comparables, while its city-wide metrics suggest it remains an accessible entry point into the Winnipeg market.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
At 4,139 square feet, the land area is in the top 19% for the Burrows Central neighbourhood, meaning it's significantly larger than many lots in the immediate area.
2. The home was built in 1926. What should I consider?
While the basement has been renovated, a home of this age will likely have original elements. Prospective buyers should budget for ongoing maintenance and consider a thorough inspection to understand the condition of foundational systems like wiring and plumbing.
3. Why is the assessed value higher than the neighbourhood average?
The assessed value is in the top 14% for the area. This can be influenced by the above-average lot size, the renovated basement, and recent sale prices of comparable homes, suggesting the property has maintained or added value relative to its surroundings.
4. What is the context of the 2020 sale price?
The home sold for $250,000 in September 2020, a price that was above average for both the street and the neighbourhood at that time. This historical sale supports the current above-average assessment.
5. How does the living space feel for a home of this style?
At 1,099 sq ft, the living area is above the neighbourhood average (962 sq ft). For a one-and-a-half storey character home, this typically allows for functional main-floor living with additional space in the upper half-storey, making it feel roomier than many similar-era properties in the area.