445 Burrin Avenue

Property Overview: 445 Burrin Avenue, Winnipeg

Key Characteristics & Appeal

This two-storey home at 445 Burrin Avenue presents a compelling blend of space, location, and value within Winnipeg's Jefferson area. Its key appeal lies in its above-average proportions and strong standing within its immediate neighborhood. With 1,524 sqft of living space and a renovated basement, the home offers more room than most comparable houses on its street and in Jefferson. The lot is a significant asset at 6,677 sqft, placing it in the top 3% of the Jefferson area for land area, which allows for ample outdoor space, gardening, or future expansion.

The home’s assessed value of $350k positions it as an elite property on Burrin Avenue and above average in Jefferson, suggesting a solid investment in a well-regarded local context. Built in 1954, the structure is newer than many in the vicinity. The package is rounded out with a detached garage.

This property would particularly suit buyers looking for a home that outperforms its immediate surroundings in terms of space and lot size, offering a sense of value and rarity on the street. It’s ideal for those who prioritize indoor and outdoor room for a family, value a renovated basement for extra living space, and are seeking a home with strong fundamentals in a stable neighborhood.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
Based on available data, a nearby property sold in April 2020 for between $275,000 and $305,000. The current assessed value of $350k for 445 Burrin Avenue reflects its larger living area, substantial lot size, and renovations, indicating it is positioned at a premium compared to that past sale.

2. What does the "elite" or "above average" ranking actually mean?
These rankings compare this specific home against similar properties in three circles: its own street, the broader Jefferson area, and citywide. For example, its living area is in the top 4% on Burrin Avenue, meaning it is larger than 96% of comparable homes on the street. This highlights its relative standout features in the local market.

3. Is a 1954-built home a concern?
While 72 years old, this home is actually newer than the average build year for both its street and the Jefferson area. This suggests the surrounding housing stock is even more mature, potentially making this a relatively newer option in the neighborhood.

4. What are the implications of such a large lot?
A 6,677 sqft lot in Jefferson is a notable asset (top 3% of the area). This provides more privacy, recreational space, and potential for additions like a shed, deck, or garden than is typical. It’s a feature that is difficult to replicate or find in many established neighborhoods.

5. How current is the assessed value?
The assessed value is the latest available from the municipal authority for taxation purposes. It is a professional appraisal of the property’s market value at a specific point in time and is a key benchmark, though the final sale price is determined by the current market.