342 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,737 sqft home built in 1913, with a land area of 2,465 sqft, located on Burrows Avenue in the William Whyte neighbourhood of Winnipeg. The standout feature is the living space: it ranks in the top 6% on its street and top 8% in the neighbourhood, significantly larger than the local and citywide averages. Most homes in the area are under 1,200 sqft, so this property offers uncommon interior room for the price point.
The assessed value of $119k sits well below the street average of $227k and the citywide average of $390k, putting it in the lower 87th percentile on its street. This reflects a few realities: the home is older (1913), the lot is relatively small (bottom 10% in the neighbourhood), and the area itself has below-average valuations compared to the rest of Winnipeg. The land area of 2,465 sqft is notably tight—most comparable homes on the street sit on nearly 3,500 sqft.
Where the appeal lies: The value proposition is centred on square footage per dollar. For a buyer who prioritizes interior space over lot size, and who is comfortable with an older home in a more modest part of the city, this property offers a lot of house for relatively little money. The living area alone puts it in a different category than most other homes at this price point.
Who it would suit: First-time buyers looking for more space than a typical starter home provides, or renovators who see potential in an older structure. It could also suit someone who values a walking-scale neighbourhood (William Whyte is an older, more established area) and doesn't need a large yard or the latest construction. It is less suited for buyers looking for a turnkey modern finish, a large lot, or an area with high resale growth.
Five Frequently Asked Questions
1. How does the living space compare to other homes in the area?
Very favourably. At 1,737 sqft, this home is about 500 sqft larger than the neighbourhood average and 400 sqft larger than the citywide average for comparable homes. On its street, it ranks in the top 6%, meaning only about 40 of the 682 homes on Burrows Avenue have a larger living area.
2. Why is the assessed value so low relative to the size?
The assessed value reflects several factors working against it. The home was built in 1913, which can mean older systems, lower energy efficiency, and a different floor plan style than newer homes. The land area is small—below average for the street and neighbourhood—and the William Whyte area has lower overall property values than much of Winnipeg. The low assessment isn't necessarily a negative for a buyer, but it does signal that the home's market value is driven less by its age or lot and more by its interior square footage.
3. Is the small lot a problem?
It depends on your needs. At 2,465 sqft, the lot is below average for the street and neighbourhood, and well below the citywide average of 6,570 sqft for comparable homes. You won't have a large garden or significant outdoor space. For someone who wants minimal yard maintenance, that could be a plus. For a family needing a play area, a large dog, or plans to add a garage or extension, it could be a limitation.
4. What does the ranking data actually tell me about the property?
The rankings compare this home to "comparable homes" within three scopes: the same street, the neighbourhood, and the entire city. They're percentile-based, so being in the "Top 6%" for living area on the street means it's larger than 94% of homes there. The bars and colors (red, blue, amber, gray) are a visual shorthand for how the property performs relative to those peers. Note that "average" figures are rough medians, not precise means—they give a reliable sense of where the property sits, but aren't exact.
5. How much older is this home than most in the city?
Significantly. Built in 1913, it's older than about 90% of comparable homes citywide, where the average year built is 1966. In the William Whyte neighbourhood, the average is 1927, so it's slightly older than the local norm but not unusual for the area. Buyers should expect the maintenance realities of a pre-war house: plaster walls, potential for outdated electrical or plumbing, and a layout that may not be open-concept without significant work. A thorough home inspection and budget for updates are strongly recommended.