Property Overview: 222 Burrin Avenue
Key Characteristics & Appeal
This one-and-three-quarter storey home on Burrin Avenue is a classic Winnipeg character property, built in 1913. Its key features include a renovated basement and a detached garage. With 962 sqft of living space and a 4,000 sqft lot, it sits around or slightly below the average size for its immediate Jefferson neighbourhood, offering a manageable scale.
The primary appeal lies in its value positioning and renovation potential. The home’s assessed value is notably below averages for the street, area, and city, which can present an opportunity for buyers seeking an entry point into the market. The already-renovated basement adds immediate functional space. This property would suit a first-time homebuyer, an investor, or a downsizer looking for a character home without an oversized footprint. Its below-average metrics suggest it may be a practical, "blank canvas" property in a settled area, ideal for someone who values location and potential over modern size standards or turn-key condition.
Frequently Asked Questions
1. What does the sold price history indicate?
The home sold in September 2024 for an estimated range of $24.5k to $27.5k. This is consistent with its assessed value being below local averages, suggesting it transacts as a value-oriented property.
2. How does its age (1913) affect the property?
At over 110 years old, this is one of the older homes in the area. This typically means character and established neighbourhood charm, but buyers should be prepared for the maintenance and potential system updates that come with a century-old structure.
3. Is the living space sufficient for a family?
At 962 sqft, it's smaller than the city-wide average. It would likely suit a small family, a couple, or an individual comfortably. The renovated basement effectively increases usable space.
4. What does the "below average" ranking for land area mean?
The 4,000 sqft lot is smaller than many in the city. In practice, this means lower maintenance and a cozier yard, which can be a benefit for those not wanting extensive outdoor upkeep.
5. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics—its smaller size, older age, and neighbourhood—relative to the entire Winnipeg market. It is more in line with values in the immediate Jefferson area, indicating it is priced appropriately for its local context.