255 Burrows Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1922-built home offers 1,620 square feet of living space on a 3,264-square-foot lot. The standout feature is its size: it ranks in the top 10% on the street, top 12% in the William Whyte neighbourhood, and top 24% citywide for living area. That’s noticeably larger than the typical home nearby, where the average is around 1,116 square feet.

The assessed value sits at $179,000—roughly average for the street but well above the neighbourhood median of $149,100. Citywide, values are higher, so this property looks affordable relative to Winnipeg as a whole. It was built in 1922, which is older than the citywide average (1966) but newer than many homes in the immediate area (where the average build year is 1927). The lot is close to the neighbourhood average for land area, though smaller than typical city lots.

Appeal: This property suits buyers who want more interior space than most homes in the area offer, without paying a premium for a newer build or a large yard. It’s a solid fit for someone who values square footage over modern construction, or who sees potential in an older home with good bones. Investors or first-time buyers looking for a below-city-average price point in a neighbourhood where values are trending above local averages might find it interesting. The combination of larger living area and relatively modest assessed value suggests decent square-footage value.

Frequently Asked Questions

1. How does this home compare to others on Burrows Avenue for value?
The assessed value is around average for the street, but you’re getting living space that’s well above average—about 500 square feet more than the typical home nearby. That often means a lower price per square foot relative to neighbours, though the older build year (1922) is part of why the value doesn’t climb higher.

2. Is the neighbourhood of William Whyte considered up-and-coming or established?
Homes here tend to be from the 1920s and 1930s, so it’s an established area with older housing stock. The property’s assessed value is above the neighbourhood median, which may reflect its larger size rather than broader market shifts. It’s worth checking recent sales trends to see if values are rising.

3. What should I know about a home built in 1922?
Older homes can have solid construction but often need updates to insulation, electrical, plumbing, or roofing. This house is newer than most in the immediate neighbourhood (average 1927), but it’s still over a century old. A thorough inspection is wise, particularly for foundation and systems.

4. Why is the citywide assessed value so much higher than this home’s value?
Winnipeg’s citywide average for comparable homes is $390,100, while this property is assessed at $179,000. That gap largely reflects location—inner-city neighbourhoods like William Whyte tend to have lower property values than newer suburban areas. The home’s smaller-than-average lot (citywide) also plays a role.

5. How does the land area affect what I can do with the property?
The lot is 3,264 square feet, which is typical for the neighbourhood but well below Winnipeg’s citywide average of 6,570 square feet. That means limited space for additions, large gardens, or detached structures. It’s more suited to someone who values indoor space and doesn’t need a big yard.