Property Overview: 983 Burrows Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home on a standard city lot in the Burrows Central neighbourhood. Built in 1911, its key characteristic is its modest scale, with a living area of 584 sqft and an unrenovated basement. The home includes a detached garage. Its appeal lies primarily in its land value and potential, rather than in its current structure. The lot size, while below average for the street and city, represents the core asset. The very low assessed and recent sale prices position this property as an entry point into the market.
It would best suit a specific type of buyer: investors, builders, or very hands-on homeowners looking for a land play or a complete renovation project. It is not a move-in-ready home. A thoughtful perspective is that its lower price on a settled street could allow for a new build or major expansion without the premium lot cost of newer areas, offering a path to create significant equity. However, this requires substantial additional investment and vision.
Section 2: Frequently Asked Questions
1. Is this a tear-down property?
While the listing does not state this explicitly, the home's age (1911), very small living area, and mention of an unrenovated basement suggest it is a prime candidate for a major overhaul or complete redevelopment, subject to local zoning.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the current state and size of the 584 sqft structure itself, which is significantly smaller and older than the Winnipeg average home. The value is largely in the land.
3. What can the detached garage be used for?
It provides essential off-street parking and storage. For a renovator or builder, it could be useful for storing materials during a project or potentially be incorporated into future plans, depending on its condition and regulations.
4. How does the lot size compare to neighbours?
At 2,554 sqft, the lot is smaller than most on Burrows Avenue (ranking in the bottom 19% for the street). However, it is a standard city lot width and provides adequate space for the existing home or a future one.
5. Is the basement usable?
The basement is noted as "not renovated." Buyers should assume it is in original condition, likely with low ceilings and foundational systems that may need updating. It should be inspected for moisture, insulation, and structural integrity.