433 Burrows Avenue

Property Overview & Key Characteristics

This two-storey home on Burrows Avenue is a classic Winnipeg character property built in 1913. Its primary appeal lies in its generous proportions and solid foundation, offering significant space and potential. With 1,768 sqft of living area on a 3,267 sqft lot, it ranks in the top 5% of its street for size, providing rare interior space for the area. The home includes a basement, though it is noted as not being renovated.

The property suits buyers looking for a value-oriented project or a long-term hold in the William Whyte neighbourhood. It is ideal for an investor or a handy homeowner who sees potential in the sizable footprint and is prepared to update the home over time. A less obvious perspective is its appeal to multi-generational households or shared living arrangements, where the ample square footage can be configured flexibly. The very low assessed value suggests it is a foundational property in the area, representing an entry point into the market with a focus on the value of the land and structure rather than modern finishes.

Frequently Asked Questions

1. What does "basement, not renovated" typically mean for a home of this age?
It generally indicates the basement is in original or functional condition, likely lacking modern moisture-proofing, insulation, or finished living space. It should be inspected for foundational integrity and potential for future development.

2. The assessed value seems very low. What does this indicate?
A low municipal assessment often reflects the property's current condition and market value as an unrenovated home, not its potential post-renovation. It can result in lower property taxes, which is a consideration for buyers planning a gradual update.

3. How significant is the living area ranking in the top 5% for the street?
This is a key feature, indicating this home offers substantially more interior space than most on the block. For buyers prioritizing room over immediate move-in readiness, this is a compelling statistical advantage.

4. What should I consider given the 113-year-old age of the home?
While the structure has proven its durability, priority checks should include the electrical system, plumbing, roof, and insulation. The charm of an older home comes with a maintenance focus that differs from a newer build.

5. There's no garage. What are the parking and utility implications?
The property likely relies on street parking. For owners with vehicles, this means considering Winnipeg's winter parking bans. The lack of a garage also means planning for outdoor storage and factoring in vehicle start-up routines during cold months.