904 College Avenue

Property Overview

This two-storey home at 904 College Avenue in Winnipeg's Burrows Central neighbourhood presents a compelling opportunity. Built in 1949, it sits on a generous 4,609 sqft lot. The key feature is its substantial 1,800 sqft of living space, which ranks in the top 6% for the street and an elite top 2% within the wider neighbourhood, offering significantly more room than typical area homes. It includes a renovated basement and a detached garage.

Its appeal lies in its above-average scale and established character within a more affordable Winnipeg corridor. The data suggests it's a larger, well-situated property for its immediate area, as evidenced by its sale price in 2022 being among the top 1% for similar homes on its street. This home would suit buyers looking for ample interior space without a premium suburban price tag, or those who value a larger lot and home footprint in a mature, no-frills neighbourhood. It's a practical choice for a growing family, a multi-generational household, or an owner who values renovation potential over a move-in-perfect finish.

Frequently Asked Questions

1. How does the assessed value compare to the recent sale price?
The home was assessed at $29,400, but sold for $350,000 in July 2022. This large discrepancy is common, as municipal assessed value is used for tax purposes and often lags behind market value, especially after a recent sale or renovation.

2. What does the "elite" ranking for living area actually mean?
The data shows this home's living area is in the top 2% of 1,800 similar homes in Burrows Central. Simply put, very few homes in this neighbourhood offer this much interior space, making it a standout for square footage.

3. Is the older year built (1949) a concern?
While newer than many homes on its street and in the neighbourhood, a 77-year-old home will require diligent maintenance. The renovated basement is a plus, but buyers should budget for updates to major aging components like plumbing, electrical, or the roof.

4. Who might this property not suit?
Buyers seeking a modern, open-concept layout or a brand-new build may find the traditional two-storey floorplan and potential for ongoing updates less appealing. Its value is in space and land, not contemporary finish.

5. The lot size is above average for the area, but what about the home's footprint?
With a living area much larger than the neighbourhood average, the home likely occupies a good portion of the lot. This means generous indoor space but potentially less expansive backyard area than a smaller home on a similar-sized lot would offer.