This is a 1,200-square-foot home on Burrows Avenue in the William Whyte neighbourhood, built in 1896 on a 2,465-square-foot lot. Its assessed value is $157,000.
At street level, the house stands out for its living space, ranking in the top 27% of homes on Burrows Avenue. However, the assessed value is roughly average for the street, and the lot size and age both fall below the street average. Within the William Whyte neighbourhood, the home is fairly typical: it ranks near the middle on living area, assessed value, and age. Citywide, the property is notably affordable—its assessed value ranks in the bottom 4% of comparable homes across Winnipeg—but it’s also one of the oldest, ranking in the bottom 1% for year built.
The appeal here is straightforward: you get a roomier-than-average interior on a modest lot in a neighbourhood where values are stable rather than inflated. The low assessed value relative to the city suggests limited resale pressure, which could appeal to buyers looking for an entry point or a home that isn’t priced for speculation. The age means this property may require more maintenance or updating than a newer build, but for someone willing to put in work, the raw cost of entry is low. This would suit a first-time buyer, an investor seeking a lower-priced rental, or someone comfortable with an older home who prioritizes indoor square footage over lot size or prestige.
-
Why is the assessed value so low compared to the city average?
The home’s assessed value of $157,000 is significantly below the citywide average of $390,100 for comparable homes. This reflects a combination of factors: the property’s age (1896), its smaller lot size (2,465 sq.ft. versus the city average of 6,570 sq.ft.), and the fact that it’s in a neighbourhood where values have not risen as sharply as in other parts of Winnipeg.
-
How does the living area compare to other homes nearby?
With 1,200 square feet, this property offers more indoor space than most other homes on Burrows Avenue, where the average is 1,116 sq.ft. It’s also slightly larger than the average for the William Whyte neighbourhood (1,158 sq.ft.). Citywide, it’s a bit smaller than the typical comparable home (1,342 sq.ft.), but it’s not unusually tight.
-
Is the lot size a concern?
The lot is 2,465 square feet, which is below the street, neighbourhood, and city averages. This is a fairly compact urban lot. It’s worth noting for anyone wanting a large yard, garden space, or room to expand, but it’s typical for an older infill neighbourhood. Parking and outdoor storage may need to be considered carefully.
-
What does the year built (1896) mean for maintenance?
This is one of the older homes in the city. The age suggests that systems like electrical, plumbing, roofing, and foundation may be original or require updating. Buyers should budget for inspections and potential renovation work. The low assessed value partially accounts for this, but the real cost is in time and materials, not just price.
-
How does the neighbourhood (William Whyte) compare to the rest of the city?
William Whyte is a central neighbourhood with an average home value ($149,100) that is well below the city norm. It’s a more affordable, older area with a mix of single-family homes and multi-unit buildings. The neighbourhood ranks close to the middle in most metrics citywide, meaning it’s neither a high-demand nor a declining area in a statistical sense—it’s stable, with values that have not experienced the rapid growth seen in other parts of Winnipeg.