Property Overview
This 1905 one-and-a-half storey home on a 3,547 sqft lot in Burrows Central presents a straightforward value proposition. Its key characteristic is its land: the lot size is above average for Winnipeg and typical for the immediate area, offering good outdoor space potential. The home itself is compact at 780 sq ft of living area, with an unrenovated basement and a detached garage. Its assessed value is very modest and in line with neighbouring homes.
The appeal lies primarily in its affordability and lot size. It suits a specific buyer: an investor looking for a rental property with a low entry point, a hands-on owner planning a gradual renovation or expansion who values the larger lot, or a buyer seeking the absolute minimum footprint and cost in a central Winnipeg neighbourhood. A less obvious perspective is that its age and smaller size could mean lower utility costs and property taxes compared to larger, modern homes, making ongoing ownership costs manageable. It’s not a move-in-ready home, but a base for future plans.
Frequently Asked Questions
What does "unrenovated basement" typically mean for a home of this age?
It usually indicates a raw or partially finished space with foundational walls and flooring, likely suitable for storage or mechanicals but requiring significant work to become livable space. Moisture management should be a key inspection point.
The assessed value seems very low. What does this indicate?
The low assessment reflects the home's age, size, and condition relative to the broader Winnipeg market. It suggests the current value is primarily in the land. Property taxes would be based on this assessment, which is a financial positive for the owner.
How does the living area compare to nearby homes?
At 780 sq ft, it is notably smaller than many neighbouring houses, which often exceed 1,000 sq ft. This confirms the home is a compact footprint, emphasizing outdoor space over indoor square footage.
Is the detached garage a significant feature?
In this context, yes. It provides off-street parking and separate storage or workshop space, which is a practical asset not always available with older homes and adds functional value to the property.
Who would this property not suit?
It would not suit buyers seeking a turn-key home, those needing significant indoor space, or anyone uncomfortable with the ongoing maintenance and potential renovation requirements of a 121-year-old structure.