Property Overview: 849 Burrows Avenue
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1912, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its efficient use of space and its established location. With 1,266 square feet of living area, the home is notably larger than many in the immediate area, offering more room than over 75% of comparable neighbourhood homes. It sits on a standard 3,005 sqft lot, typical for the street.
A key feature is the renovated basement, adding functional living space. The property includes a detached garage. While its age and assessed value place it below the citywide average, this translates to a more accessible entry point into the market. The home suits first-time buyers or practical investors looking for a character home with updated fundamentals in a no-frills, established community. Its value is rooted in being a larger-than-average home for the area, with recent updates, rather than in premium lot size or modern construction.
Frequently Asked Questions
1. How does the home's size compare to others?
The living space is a standout feature. At 1,266 sqft, it is significantly above the average for both Burrows Central (962 sqft) and for similar homes on Burrows Avenue itself (1,116 sqft).
2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope, quality, and permits for this work should be verified through a viewing and inspection.
3. Is the assessed value a reliable indicator of the sale price?
Not directly. The assessed value for taxation purposes is $19,400, but the home last sold for $180,000 in 2017. Market conditions, the renovated basement, and the home's larger living area will influence the current listing price.
4. What are the implications of the home's age (1912)?
While the home has historic character, a thorough inspection is crucial to understand the condition of original elements like wiring, plumbing, and the foundation, balanced against the benefits of the renovated basement.
5. How does the lot size impact potential?
The lot is standard for the street. It provides adequate outdoor space but is not unusually large. Future expansion or additions may be limited by lot coverage bylaws, so checking zoning regulations is important.