Property Overview & Key Characteristics
This one-storey home at 968 Mountain Avenue in Winnipeg's Burrows Central neighbourhood is a property defined by its land and location more than its current structure. Built in 1961, the house is notably newer than many others on its street and in the immediate area. Its primary appeal lies in its substantial 3,583 sqft lot, which is larger than average for the neighbourhood, presenting a clear opportunity for expansion, redevelopment, or simply enjoying more outdoor space than is typical. The living area is compact at 788 sqft, and the home features a detached garage and an unrenovated basement.
The property suits practical buyers looking for a foothold in the market with future potential. It’s ideal for someone comfortable with a home that may require updates, or for an investor or builder who sees value in the land itself. The very low assessed and recent sale values point to an accessible entry price, making it a candidate for first-time buyers prioritizing lot size over move-in-ready condition, or for those planning a longer-term renovation or rebuild project.
Frequently Asked Questions
1. Is this a teardown property?
While the home is livable, its value is heavily weighted toward its generous lot size in a neighbourhood of older homes. Its compact, unrenovated condition makes it a prime candidate for a significant expansion or complete redevelopment, subject to local zoning.
2. How does the age of this home compare to others nearby?
Built in 1961, this home is actually newer than most direct comparables on Mountain Avenue and in Burrows Central, where average build years are in the early 1930s. This is a relative advantage in terms of potential foundational and system condition.
3. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's current state and market value in its specific location. It is in line with neighbourhood averages but is far below the Winnipeg average, which is skewed by higher-value areas and newer, larger homes city-wide.
4. What are the implications of having a larger-than-average lot here?
The larger lot provides valuable flexibility. It allows room for additions like a garage, workshop, or garden, and may offer better potential for subdivision or building a larger replacement home, depending on city bylaws.
5. The living space seems small. What is the layout like?
At 788 sqft, the living area is compact. As a one-storey home with an unrenovated basement, the current layout is likely efficient but basic. The floor plan would be a key consideration for any buyer planning to live in the home as-is, versus those planning major alterations.