Property Overview: 931 Burrows Avenue
Key Characteristics & Appeal
This one-and-a-half storey home on Burrows Avenue is a classic Winnipeg character property, built in 1909. It sits on a standard city lot of just over 3,000 sq ft and offers a functional living space of 1,095 sq ft. The home includes a basement and a detached garage. Its appeal lies in its solid, no-frills foundation in a central neighbourhood. While the house itself is older and the assessed value is modest, it presents a straightforward opportunity. The living area is notably above average for the immediate Burrows Central neighbourhood, meaning you get more interior space than many nearby homes.
This property would suit a practical buyer looking for an entry point into the market, an investor seeking a rental property with a low tax base, or a hands-on individual interested in a home with historical character that they can renovate over time. Its below-average assessed value relative to the city is a double-edged sword: it suggests lower property taxes, but also indicates the home likely requires modernization. The recent 2023 sale price of $180k aligns with this profile—it’s a value-conscious purchase for someone prioritizing location and lot over turn-key condition.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
At $15,600, the assessed value is significantly below the Winnipeg city average. This typically results in lower annual property taxes, which is a financial plus. However, it also generally reflects the home’s older age and probable need for updates compared to newer or renovated homes.
2. How does the living space compare to the area?
With 1,095 sq ft, this home offers more living area than about 74% of comparable homes in the Burrows Central neighbourhood. This is one of its stronger points, providing more room than you might typically find in similarly priced homes in the area.
3. What should I consider about the year it was built (1909)?
The 1909 build date means this is a true character home, but it requires careful inspection. Potential buyers should budget for updates to older mechanical systems (like wiring and plumbing) and insulation. The "half-storey" design often means charming but potentially sloped second-floor ceilings.
4. What is the significance of the lot size?
At 3,005 sq ft, the lot is very standard for the street and central neighbourhood. It’s a manageable size for maintenance and offers typical backyard space for a city home. It’s not an oversized lot, but it is perfectly functional.
5. Who might this property not be suitable for?
It may not suit buyers seeking a modern, move-in-ready home without renovation projects. Given its age and the note of an unrenovated basement, those unwilling to handle potential maintenance or updates might find it challenging. It’s best approached as a solid foundation with clear potential.