572 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s William Whyte neighbourhood, built in 1905. With 688 square feet of living space and a 2,463-square-foot lot, it’s significantly smaller and older than most properties on its street, in the neighbourhood, and citywide. Its assessed value of $76,000 is well below all comparable averages—nearly one-third of the neighbourhood average and a fraction of the citywide figure.
The appeal here is straightforward: this is an entry-level price point in a dense, established urban area. It’s not a home that competes on size, finishes, or lot depth. What it offers is a low-cost footprint in a central Winnipeg location, likely suited to a first-time buyer, an investor looking for a renovation project, or someone who prioritizes affordability over space. The rankings place it in the bottom percentile across all metrics—that’s honest context, not a flaw, if the budget is tight. A less obvious take: properties like this sometimes attract buyers who value a smaller, more manageable home with lower upkeep and utility costs, especially if they plan to customize finishes over time.
Five Frequently Asked Questions
1. Why is the assessed value so low compared to the neighbourhood average?
The $76,000 assessment reflects the home’s age (1905), small size (688 sqft), and likely condition relative to nearby properties. The neighbourhood average of $149,100 is pulled higher by larger, newer, or renovated homes. Assessment data tracks market comparables, not just lot size or location.
2. Is this property a tear-down or a renovation opportunity?
That depends on your goals. The lot is 2,463 sqft—smaller than most in the area—so a full rebuild may not yield the same return as on a deeper lot. However, for a buyer comfortable with older construction, a renovation could add value without overcapitalizing. Check zoning and permit history before deciding.
3. How does the lot size compare to other properties in William Whyte?
It ranks in the bottom 9% of the neighbourhood (1,561 out of 1,707). The average lot in the area is 3,277 sqft, so this is roughly 25% smaller. That means less yard space, but also less maintenance.
4. What does “Top 94%” or “Top 97%” actually mean in these rankings?
It means the property outperformed only 6% of homes on its street (top 94% is near the bottom). Similarly, citywide it outperformed only 3% of comparable homes. These are percentile rankings: lower percentage equals smaller size, older age, or lower value relative to peers.
5. Would this property suit someone looking for a family home?
Unlikely as-is. The 688 sqft layout is tight for more than one or two people, and the lot offers limited outdoor space. It may work as a starter home, a rental unit, or a downsized residence for a single person or couple, but not for a family needing multiple bedrooms or a yard.