358 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1913-built home with 832 sqft of living space on a 2,728 sqft lot, currently assessed at $137,000. Located on Burrows Avenue in Winnipeg’s William Whyte neighbourhood, the property is smaller than average in nearly every metric—both locally and citywide. Its living area ranks in the bottom half on its own street, and its land area is well below the city median. The assessed value, while low overall, sits close to the neighbourhood average, suggesting the price aligns with local conditions rather than standing out as a deal or a stretch.
The appeal here is straightforward: entry-level affordability in an older, established area. This is not a home for someone seeking space, a large yard, or modern construction. It suits a buyer who is price-sensitive, willing to accept a smaller footprint and an older structure, and focused on getting into the market with low carrying costs. The William Whyte area tends to attract first-time buyers, investors looking for lower-cost rental units, or renovators willing to put work into a century home. One less obvious point: because the property ranks very low citywide for assessed value (top 98%), it may offer relatively stable property taxes compared to higher-valued homes in newer developments—something a budget-conscious buyer might factor in over time.
Five Possible FAQs
1. How does the assessed value compare to what I’d actually pay?
Assessed value is a city valuation for tax purposes, not a market price. At $137,000, it’s below the street average of $227k but very close to the neighbourhood average of $149k. In practice, sale prices in William Whyte can vary significantly depending on condition and recent renovations, so the assessment gives a rough baseline but isn’t a guarantee of listing price.
2. Is a 1913 home likely to have major issues?
Century homes often have older electrical, plumbing, and foundations. While some have been updated, the data doesn’t specify upgrades. A buyer should budget for a thorough inspection, especially for knob-and-tube wiring, lead pipes, or settling. The year-built ranking suggests it’s older than most homes on its street but roughly average for the neighbourhood—so it’s not an outlier in age.
3. Why is the land area so much smaller than the city average?
The citywide average lot size in Winnipeg is 6,570 sqft, partly because many newer suburban lots are larger. In older neighbourhoods like William Whyte, lots tend to be narrower and shorter. This property’s 2,728 sqft is typical for its area, where the neighbourhood average is 3,277 sqft. It’s not unusually small for the context—just undersized compared to the city as a whole.
4. What does “Top 82%” or “Top 79%” actually mean?
These rankings show where the property falls compared to similar homes. “Top 82%” means it ranks better than 18% of peers—so 82% of homes are larger or higher-valued. In plain terms, it’s in the bottom tier for that metric. The fill colour on the bar indicates whether it’s well below average (red), slightly below (blue), near average (amber), or above (gray).
5. Would this property be good for a rental investment?
Possibly, but with caveats. The low assessed value and smaller size could mean lower rent, but also lower upfront cost. The neighbourhood’s average assessed value suggests modest appreciation potential. Investors should look at local rental demand, recent sale comparables, and the cost of any necessary upgrades. The age of the home also means higher maintenance reserves. It’s not a passive play—more of a hands-on, cash-flow-focused option.