Property Overview: 154 Burrows Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on generous interior space within a historic North Point Douglas setting. Its primary appeal is the nearly 2,000 sqft of living area, which ranks in the top 3% for size on its street and well above average for both the neighbourhood and the wider city. This makes it a standout for buyers seeking ample room without a premium price tag, as the assessed value remains modest relative to city-wide averages.
The property suits practical buyers who prioritize interior square footage over lot size, as the land parcel is compact. Its 1905 build date means it carries character and potential heritage charm, but also implies a need for diligence regarding updates and maintenance. The value perspective is nuanced: while the assessment is above average for North Point Douglas, it sits significantly below the Winnipeg average, highlighting the neighbourhood's affordability. Ideal buyers could include space-conscious families, investors looking for a roomy multi-unit conversion (subject to zoning), or owner-occupants comfortable with an older home who find more modern, smaller condos or townhouses comparatively cramped for the price.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value ($193k) is for municipal tax purposes. Market value is determined by what a buyer is willing to pay in the current market, which can be higher or lower. The sold price history from 2016 provides a past data point, but a current market evaluation is essential.
2. What are the implications of the home being built in 1905?
It offers classic architectural character but requires careful inspection. Key considerations include the condition of the foundation, plumbing, electrical systems, and insulation, which may need upgrading to modern standards. Potential for historical designation should also be explored.
3. The lot size is noted as being below average. What does this mean for me?
It means smaller outdoor space for yards or additions compared to many other properties. This translates to less exterior maintenance but also limited potential for expansions like a large garage or extensive landscaping. The focus here is squarely on the interior living space.
4. How reliable is the sold price data shown?
The site states the data is from public sources, not the MLS, and is presented in a broad price range band. For fully verified and exact historical sale figures, you must request a manual lookup from the site providers, as detailed in the data notes.
5. The home ranks well for size but lower for value city-wide. What does this indicate?
This highlights the neighbourhood's affordability relative to Winnipeg as a whole. You are acquiring significantly more interior space per dollar here than in most city areas. This can represent strong value if the location meets your needs, but it also reflects broader market perceptions of the North Point Douglas area.