Property Overview: 381 Burrin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-established, one-storey home on a notably large lot in the Jefferson neighbourhood. Built in 1953, the house itself offers 1,020 sqft of living space and includes a basement (not renovated) and a detached garage. The primary appeal lies in its land and location. With a lot size of nearly 7,000 sqft, the property ranks in the top 4% on its street and top 2% in Jefferson for land area, offering exceptional outdoor space for gardening, play, or future expansion. Its location scores are consistently high, suggesting a desirable spot within a sought-after neighbourhood.
The home suits practical buyers looking for a solid foundation in a prime location. It’s ideal for someone who values a large yard over a recently renovated interior, seeing potential in the existing structure and the rare lot size. It would also appeal to a long-term investor or homeowner who understands that land value often drives appreciation in mature neighbourhoods. The unrenovated basement presents a clear project, making this a candidate for buyers comfortable with gradual updates.
Section 2: Frequently Asked Questions
1. What does the "not renovated" basement condition typically mean?
It usually indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, lighting, or finishes, and should have the foundation and moisture protection inspected.
2. How significant is the lot size compared to nearby homes?
Very significant. The property’s lot is larger than 96% of others on Burrin Avenue and 98% in Jefferson. This is a standout feature that offers more privacy, space, and potential than most in the area.
3. The home’s assessed value is lower than some similar-sized listings. Why?
Assessed value is for municipal tax purposes and often lags behind market value. It can be influenced by the age of the home, the unrenovated state, and standardized formulas that may not fully capture the premium for its large lot in a high-ranking location.
4. What type of neighbourhood is Jefferson?
Based on the data, Jefferson appears to be a stable, mature neighbourhood with a mix of older and newer homes. The high location rankings for this property suggest it sits in a particularly well-regarded section of the community.
5. Are the "rankings" provided a reliable measure?
They are a useful, data-driven snapshot for comparison. This home ranks highly for land and location but average to lower for the building's age and size. This reinforces the profile of a property where the land is the leading asset, which is a key perspective for valuation.