Property Overview
This 1953 one-storey home at 404 Burrin Avenue in Winnipeg's Jefferson neighbourhood presents a practical and straightforward living opportunity. Its key appeal lies in its solid, no-frills foundation and relative value within its immediate area.
Key Characteristics & Suitability
The home features 1,074 sqft of living space, which is above average for Burrin Avenue, and sits on a notably generous 5,924 sqft lot that ranks well within the Jefferson area. It includes a renovated basement and a detached garage. Recent sales data indicates steady value.
Its primary appeal is for the pragmatic buyer: someone looking for a functional starter home, a long-term hold, or a land-value play in a stable neighbourhood. The above-average lot size offers future potential for expansion or outdoor use that isn't always available in this price segment. While the home itself is of average condition and age for the street, its value proposition is strongest when compared locally rather than city-wide. It suits a buyer who prioritizes space and neighbourhood affordability over modern finishes or a turn-key property, and who is comfortable with the maintenance considerations of a 70-year-old home.
Frequently Asked Questions
1. How does this home's value compare to others in the area?
Based on assessed value and recent sold prices, this property is consistently around the average for Burrin Avenue and the Jefferson neighbourhood, making it a representative benchmark for the local market.
2. What are the advantages of such a large lot?
The 5,924 sqft lot is a standout feature, offering more private outdoor space than many neighbouring properties. This allows for greater flexibility for gardening, recreation, or future additions like a shed or expanded deck.
3. What should I consider about the home's age?
Built in 1953, prospective buyers should budget for updates to major aging components like the roof, windows, and plumbing/electrical systems. A thorough inspection is recommended to identify any immediate needs.
4. The sold price history shows a significant increase between 2017 and 2024. Is this typical?
The increase reflects broader market trends over that seven-year period. The more recent 2024 sale price provides a current, stable benchmark for the home's value in today's market.
5. What is the neighbourhood like?
Jefferson is an established, no-frills residential area. The property's metrics suggest it is a very typical home for this neighbourhood, offering a sense of consistency and community stability.