Property Overview
This one-storey home at 372 Burrin Avenue in Winnipeg's Jefferson neighbourhood presents a practical and value-oriented opportunity. Built in 1953, it sits on a generously sized lot that is notably larger than many in the immediate area. The home features a renovated basement and a detached garage. Recent sales history and assessment data indicate a property that has been well-maintained and holds strong value within its local context.
Key Characteristics & Appeal
The primary appeal of this property lies in its solid fundamentals and relative value. With 1,000 sqft of living space, it is perfectly average for its street and neighbourhood, offering comfortable, manageable space. Its standout feature is the 6,046 sqft lot, which ranks well above average for both Burrin Avenue and the wider Jefferson area, providing ample outdoor space and potential.
The home’s assessed value of $35.1k places it in the elite top 4% on its own street and above average for Jefferson, suggesting it is a higher-quality asset within its immediate peer group. This, combined with a renovated basement, points to a home that has seen thoughtful updates. The recent sale in late 2021 for approximately $33.5k–$36.5k further supports this stable valuation.
This home would suit first-time buyers or practical investors looking for a straightforward, low-maintenance property in a established neighbourhood. It’s ideal for someone who values a larger yard over a larger house, and who appreciates a home that already shows evidence of care and modernization in key areas like the basement. It’s a grounded choice in a city where average living areas are larger, offering a more affordable entry point without sacrificing lot size.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The current assessed value ($35.1k) aligns closely with the home's sale price from November 2021 (approximately $33.5k–$36.5k), indicating stable and consistent market value over the past few years.
2. Is the lot size a significant advantage?
Yes. The lot is over 6,000 sqft, which is significantly larger than the average for both the street and the Jefferson neighbourhood. This offers more privacy, gardening space, and future expansion potential than many comparable properties.
3. The home is described as "around average" in size for the city. Is that a drawback?
Not necessarily. While the living area is below the Winnipeg city-wide average, it is perfectly typical for its specific neighbourhood. This often translates to a lower purchase price and property tax burden while still providing adequate space, making it an efficient choice.
4. What does the "renovated basement" typically include?
The listing confirms a renovated basement but does not specify finishes. Interested buyers should inquire for details on the scope of work, quality of materials, and whether it includes added legal living space or simply updated finishes.
5. The home is 73 years old. What should I be concerned about?
As with any home of this age, checking the condition of major systems (roof, foundation, plumbing, electrical) is essential. The fact that it has a renovated basement and a strong assessment value are positive signs, but a thorough inspection is always recommended.