Property Overview: 847 College Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a 3,612 sqft lot in Burrows Central is defined by its potential and its position as an entry point into the market. Built in 1911, its 648 sqft living area is compact, suggesting a focus on efficient living or a foundation for expansion. The detached garage and full (though unrenovated) basement add functional utility.
The primary appeal lies in the land and location. The lot size is above average for the neighbourhood, offering valuable outdoor space and future possibilities. With a recent sale price and assessed value significantly below the citywide average, this property represents a clear opportunity for budget-conscious buyers. It would suit a first-time buyer comfortable with a home that may require updates, an investor looking for a land-value play with rental income potential, or someone seeking a modest, manageable footprint without sacrificing yard space. A less obvious perspective is its appeal to those interested in "right-sizing"; the small interior promotes a simpler lifestyle, while the larger-than-typical neighbourhood lot provides a private outdoor retreat not common in this price range.
Section 2: Frequently Asked Questions
1. What does the "below average" living area ranking mean practically?
The home's interior is notably compact at 648 sqft. This typically means a classic two or three-room layout, requiring efficient use of space. It's a trade-off for the larger lot size and lower price point.
2. The basement is listed as "not renovated." What condition should I expect?
This indicates the basement is in original or functional condition, not modernized. Expect basic finishes, likely housing utilities and providing ample storage or workshop space, but not a finished living area without investment.
3. How does the lot size compare to nearby properties?
At 3,612 sqft, the lot is larger than most in Winnipeg and above average for Burrows Central. This is a key feature, offering more yard space than many similarly priced homes in the city.
4. Is the low assessed value a concern?
The assessed value is for municipal tax purposes and is not a market valuation. Its low figure relative to the recent sale price is common for older, modest homes in the area and reflects its tax base, not its condition or market worth.
5. What is the context of the 1911 build year?
As one of the older homes on the street and in the area, it carries classic character but also implies that core systems (like wiring, plumbing, and insulation) may be older or have been updated over time. This should be a focus for inspection.