Property Overview: 936 Burrows Avenue
Key Characteristics & Buyer Appeal
This one-and-a-half storey home, built in 1949, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its efficient use of space and its position as a relatively newer build within its immediate area. With 1,222 sqft of living area, the home offers above-average interior space for both its street and neighbourhood, making it a more spacious option compared to many nearby properties. It sits on a modest 2,463 sqft lot, which translates to lower maintenance demands—a notable point for those seeking a yard without the upkeep of a larger parcel.
The home suits first-time buyers or practical investors looking for a straightforward, entry-level property with a functional layout. Its assessed value is significantly below the Winnipeg average, suggesting a potentially accessible price point and a lower property tax burden. A thoughtful perspective is that while the lot is smaller than most in the city, this contributes to the home's affordability and aligns with a simpler, more manageable lifestyle. The detached garage adds valuable storage or workshop space. It’s important to note the basement exists but is unrenovated, representing both a downside in its current state and a clear opportunity for future customization or added value.
Frequently Asked Questions
1. How does the lot size impact this property?
While the land area is below the city average, it is fairly typical for the older, established neighbourhood. This smaller lot means less exterior maintenance and can be a benefit for those not wanting extensive yard work.
2. Is the home older or newer compared to its neighbours?
Built in 1949, it is actually above average in age for the Burrows Central area, where many homes are older. This could imply slightly more modern construction materials or systems than some direct comparables.
3. What does the "above average" living area ranking mean?
This indicates the home has more interior square footage than most homes on its street and in its neighbourhood. For its category, it offers a relatively spacious floor plan.
4. Why is the assessed value so much lower than the city average?
The assessed value is based on municipal evaluation for tax purposes and is heavily influenced by the home's location, size, and market area. Its value is in line with the neighbourhood average, which is substantially lower than the wider Winnipeg average, reflecting different market conditions.
5. What is indicated by the recent sale price compared to the assessed value?
The home sold for $190,000 in August 2023, which is significantly higher than its $17,700 assessed value. This is normal, as assessed value for taxes rarely equals market value. The sale price provides a concrete, recent benchmark for its actual market worth.