Here is a clean summary of the property at 507 Burrows Avenue, written for direct display on a webpage.
Key Characteristics & Buyer Profile
Size and Space
The home has a living area of 812 square feet and sits on a 3,268 square foot lot. Compared to other homes in the city, the building is on the smaller side (bottom 10% citywide for living area), but the lot is fairly standard for the neighborhood. The house is compact, which typically means lower maintenance and utility costs.
Age and Construction
Built in 1986, this is a younger home than most of its neighbors. On Burrows Avenue, it ranks in the top 10% for newer construction, and in the broader William Whyte area, it’s in the top 13%. A 1986 build often means fewer legacy issues (like knob-and-tube wiring or foundation settling) compared to the pre-war homes common in the area.
Value Assessment
The assessed value sits at $168,000. This is below the street average ($227k) but actually above the neighborhood average ($149k). This suggests the property is priced realistically relative to its smaller living area, but it’s holding value better than many older homes in the immediate vicinity.
Where the Appeal Lies
The main draw is getting a newer, simpler structure in an older neighborhood without paying a premium for square footage you don’t need. It’s a straightforward, no-fuss property. For buyers who want a solid, modern build year without the higher price tag of a fully renovated Victorian, this fits that gap.
Who It Suits
- First-time buyers looking for a manageable, lower-cost entry into the market.
- Investors seeking a newer rental with less deferred maintenance.
- Downsizers who don’t want a large lot or an old house with character quirks.
- Anyone specifically looking in William Whyte who wants to avoid the typical early-1900s housing stock.
Five Frequently Asked Questions
1. Is the 812 sqft living area a major disadvantage compared to other homes?
It depends on your reference point. On Burrows Avenue, 812 sqft is well below the street average (1,116 sqft). Citywide, it sits in the bottom 10%. However, in the William Whyte neighborhood, the gap is smaller. If you compare it to the average home in the area (1,158 sqft), you’re losing roughly 30% of the floor space—but you also gain a more efficient layout and lower heating costs.
2. Why is the assessed value higher than the neighborhood average but lower than the street average?
The street average ($227k) is pulled up by larger, likely older homes with more living space. Your assessment reflects the smaller square footage. On the neighborhood level ($149k), the average is dragged down by a lot of very old, possibly less maintained properties. Your home’s newer build stats lift it above that lower baseline.
3. Is the lot size 3,268 sqft considered small?
Locally, it’s around average. On your street, the average lot is 3,497 sqft (you’re slightly under). In the neighborhood, it’s 3,277 sqft (you’re right in line). Citywide, lots in Winnipeg average 6,570 sqft, which is much larger. So within William Whyte, this lot is typical, but it’s modest compared to suburban properties.
4. How does the 1986 build hold up compared to the neighborhood’s older homes?
Very well in terms of structural standards. Most homes nearby date from the 1920s-1940s. A 1986 build means modern electrical, insulation, and plumbing codes. You trade off historic character and tall ceilings for better energy efficiency and lower immediate repair risk. It’s a “move-in ready” age, not a “project” age.
5. Why does the map analysis matter for this property?
Because the numbers only tell part of the story. The neighborhood analysis tool lets you see the exact condition and curb appeal of the neighboring properties. For a house like this—newer than most around it—seeing the street context is key. A newer house on a well-kept block is a better buy than a newer house on a neglected block, even if the stats look the same.