392 Burrin Avenue

Property Overview: 392 Burrin Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on Burrin Avenue in the Jefferson neighbourhood presents a straightforward, no-frills opportunity. Built in 1953, it offers 1,050 sqft of living space and sits on a standard-sized lot of just under 5,000 sqft. A key feature is the detached garage. The home’s basement exists but is noted as not being renovated, indicating potential for future finishing or utility space as-is.

Its primary appeal lies in its statistical averageness within a stable context. The data shows the home consistently ranks around the middle compared to peers on its street, in Jefferson, and citywide for size, value, and lot dimensions. This isn’t a standout luxury property, but rather a solidly positioned entry-point into the Winnipeg market. It suits practical, value-conscious buyers—perhaps first-time homeowners, investors, or downsizers—who prioritize location and fundamentals over turn-key condition. The unrenovated basement and average metrics suggest a buyer comfortable with a home that offers a blank canvas or who seeks a property priced without a premium for recent upgrades.

A less obvious perspective is that this consistent "averageness" can be a strength. It likely means the property is less susceptible to extreme valuation swings and represents a known quantity in the area, reducing surprise comparisons. It’s a home for those who see potential in a stable foundation.

Section 2: Frequently Asked Questions

1. What is the exact sold price history?
The public record shows a sale in August 2016 for an estimated range. For the precise historical sold price, you must request it directly via email from the listing source, as this data is verified and provided manually.

2. What does "basement yes, not renovated" mean?
It confirms the house has a basement, but it is in original or unfinished condition. Buyers should budget for potential updates, moisture-proofing, or be prepared to use it primarily for storage and utilities.

3. How does this home compare to others in the area?
The provided metrics indicate this property is consistently around the average for Jefferson and its specific street in terms of living space, assessed value, and lot size. It is neither among the largest nor the smallest homes in the immediate area.

4. Who would this property be best suited for?
It would suit a practical buyer looking for a baseline home in Winnipeg without paying for high-end finishes. This includes first-time buyers, investors considering a rental property, or those wanting a manageable footprint with some outdoor space.

5. Is the assessed value the same as the market value?
No. The assessed value (listed as $30.20k) is for municipal tax purposes. The market value (or selling price) is determined by current market conditions and can be significantly higher. The 2016 sale price range provides a historical reference point, not a current valuation.