Property Overview
This one-and-a-half storey home on Burrows Avenue presents a practical and renovated living space in Winnipeg's Burrows Central neighbourhood. Built in 1952, its key appeal lies in its balance of updates and value. The home features a renovated basement, adding functional living space to its 1,080 sqft footprint, and comes with a detached garage. The lot size of 2,463 sqft is modest for the city but typical for the immediate area, offering manageable outdoor maintenance.
Its strongest suit is value within its local context. The assessed value ranks well above average for the Burrows Central neighbourhood, suggesting it is a competitively priced property in this area. It would particularly suit first-time buyers or investors looking for a turn-key property with recent updates, without the premium of a newer home or a large lot. A thoughtful perspective is that while the lot is smaller than the city average, this often translates to lower property taxes and less upkeep—a practical advantage for the right buyer.
Frequently Asked Questions
Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
How does the lot size affect future plans?
The land is smaller than many city lots. This is typical for the street but may limit possibilities for large additions or extensive landscaping compared to properties on larger lots.
Why is the assessed value ranking so different between the neighbourhood and city-wide?
The assessed value ranks highly within Burrows Central but below average city-wide. This highlights that the home represents strong value within its specific, more affordable neighbourhood market.
What does the sale history indicate?
The property sold for $26,500 in late 2021, closely aligned with its current assessed value. This recent sale provides a solid, transparent benchmark for its market price.
Are the compared nearby properties similar?
The listed nearby properties vary in size, age, and value. This indicates a diverse streetscape with a mix of home styles and values, which is common in established neighbourhoods.