Property Overview
This one-and-a-half storey home at 945 Burrows Avenue presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Built in 1948, it sits on a standard 3,005 sqft lot and offers 1,032 sqft of living space, with a key feature being its renovated basement. The home includes a detached garage. Its appeal lies in its relative positioning: while its size and value are below the city-wide average, they are consistently at or above the average for its immediate street and neighbourhood. This suggests a property that offers solid local value without a premium price tag. It last sold in 2016 for $21,600, closely aligned with its current assessed value.
Key Characteristics & Ideal Buyer
This home suits buyers looking for an honest, entry-level property in a central Winnipeg community. Its primary appeal is value stability within its locale—you’re not overpaying for the area, and the renovated basement adds functional, modernized space. The detached garage is a practical asset. It would particularly suit a first-time buyer or an investor seeking a straightforward rental property, as the numbers compare favourably to nearby homes on Alfred and Magnus Avenues. A thoughtful perspective is that its "average" metrics on the street indicate a lower risk of being over-improved for the area, which can be a downside of some renovations. It’s a home that represents the character and typical offerings of Burrows Central.
Frequently Asked Questions
1. How does this home truly compare to others in the area?
The data shows it is consistently at or above the neighbourhood average for key metrics like year built, living area, and assessed value. Compared to specific nearby properties listed, it often has a newer build year and a higher assessment than several direct comparables.
2. What does the "renovated basement" likely entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, legal compliance, and whether it includes added amenities like a bathroom or separate entrance.
3. Is the assessed value a reliable indicator of market price?
The assessed value ($21,10k) is very close to its 2016 sale price ($21,60k), suggesting stability. However, market conditions have likely changed since 2016. It serves as a baseline, but the current market will determine the final sale price.
4. What are the implications of the lot size?
At 3,005 sqft, the lot is typical for the street and neighbourhood but below the city-wide average. This means outdoor space is modest but in line with community norms, potentially simplifying maintenance.
5. Who might this property NOT suit?
Buyers seeking a large lot, a modern open-concept layout, or a home significantly above neighbourhood averages may find it too compact or conventional. Its value is in its local parity, not in standing out from its surroundings.