500 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,262 sqft home built in 1914 on a 2,727 sqft lot in the William Whyte neighbourhood of Winnipeg. Its assessed value is $189,000.
The property’s strongest feature is its living area. At 1,262 sqft, it ranks in the top 23% on its street and top 31% in the neighbourhood—meaning it offers noticeably more interior space than nearby homes from the same era. The assessed value tells a more nuanced story: while it sits around average for the street itself ($189k vs. $227k average), it actually ranks in the top 21% within the broader William Whyte area, where the average assessment is just $149k. This suggests the home holds value relative to its immediate surroundings, though its lot size is smaller than typical for both the street and neighbourhood.
The appeal here lies in the combination of generous living space and an assessed value that undercuts the street average. For someone looking at a 1914-era home, this represents a chance to get more square footage without paying a premium for land. It won’t suit buyers seeking a large yard or a newer build, but it could work well for someone who prioritizes interior room over outdoor space and is comfortable with an older home that may need updates.
Best suited for: A buyer who values interior square footage and is willing to accept a smaller lot and an older structure. Could also appeal to an investor looking at the neighbourhood’s value gap, or a first-time buyer wanting more space than typical for the area without stretching their budget.
Five Possible FAQs
1. How does this home’s size compare to others in the area?
It’s larger than most. At 1,262 sqft, it ranks in the top 23% on Burrows Avenue and top 31% in William Whyte. The average home in the neighbourhood is about 1,158 sqft. So you’re getting roughly 100 extra square feet compared to nearby houses, and nearly 150 more than the street average.
2. Why is the assessed value relatively low for the street but high for the neighbourhood?
The street average ($227k) is pulled up by newer or larger homes on the block. In the broader neighbourhood, however, many homes are assessed lower, so this one ranks in the top 21% at $189k. In simple terms: among all homes in William Whyte, this one is considered above-average in value, even if it’s not the priciest on its own street.
3. Is a 1914 home a risky purchase?
That depends on maintenance history. Homes from that era often have solid construction (brick or masonry) but may need updates to plumbing, electrical, or insulation. The property’s ranking suggests it’s not unusually old for the neighbourhood—many nearby homes were built in the 1920s. Still, a thorough inspection is advisable, especially for foundation condition and knob-and-tube wiring.
4. How does the small lot affect resale or future use?
The lot is 2,727 sqft, which ranks in the bottom 30% on the street and bottom 20% in the neighbourhood. That means less outdoor space and a smaller footprint for additions or landscaping. For some buyers this is a compromise; for others, it means lower maintenance. Resale may be slower if most buyers in the area expect more land, but the larger living area could offset that.
5. What does “ranked #86,424 out of 194,458 citywide” actually mean?
It means the living area places in the top 44% of all comparable homes across Winnipeg. So while it’s not exceptionally large citywide, it’s above the median. The assessed value ranks much lower citywide (top 93%), which confirms the home is priced well below the city average—another way of saying you’re getting more space for less compared to other Winnipeg neighbourhoods.