573 Burrows Avenue – Property Summary
Key Characteristics and Buyer Profile
This is a 1,215 sqft home built in 1905, located on Burrows Avenue in Winnipeg’s William Whyte neighbourhood. The property sits on a 3,268 sqft lot. Its assessed value is $155k.
The home’s main appeal is its living space. At 1,215 sqft, it’s above the street average (1,116 sqft) and ranks in the top 26% on Burrows Avenue. That’s notable for a house of this age. The land area is also close to the street and neighbourhood averages—nothing exceptional, but not tight either. The value side is where things get interesting. The assessed value sits below the street average of $227k and far below the Winnipeg average of $390k (ranking in the bottom 3% citywide). But within the immediate neighbourhood, the $155k assessment aligns closely with the local average of $149k, which ranks it around the middle of the pack (top 38%).
What this suggests: the property is not overpriced for its immediate area, and its larger-than-average living area offers potential value within a modest price bracket. The 1905 build date is a factor—it ranks among the older houses on the street and in the city. Buyers should expect that age-related maintenance or upgrades may be needed.
This property would suit a buyer who is looking for entry-level or affordable housing within Winnipeg, values interior space over a large lot or a modern finish, and is comfortable with an older home that likely needs attention to detail. It may also appeal to someone familiar with the William Whyte area who sees the living area as a differentiator relative to nearby options.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street average, but close to the neighbourhood average?
The street average ($227k) is likely pulled up by a few much more expensive homes on Burrows Avenue. The neighbourhood average ($149k) better reflects the general price level in William Whyte. This property sits right around that local standard.
2. Is a 1905 house a bad sign?
Not necessarily—but it’s worth understanding what you’re getting into. Houses of this age often have solid framing and good bones, but systems (wiring, plumbing, foundation) may be original or outdated. A thorough inspection is advisable, especially regarding knob-and-tube wiring or asbestos materials.
3. How does the living area compare to typical Winnipeg homes?
This home is slightly above the street and neighbourhood averages, but below the citywide average of 1,342 sqft for comparable homes. In other words, it’s decent-sized for its immediate area, but not oversized by Winnipeg standards.
4. The lot is 3,268 sqft—is that small?
On the street and in the neighbourhood, it’s around average. Citywide, it’s well below average (the Winnipeg average for comparable homes is 6,570 sqft). That’s partly because many citywide homes include larger suburban lots. In an older urban neighbourhood like William Whyte, a lot this size is typical.
5. What does “ranked bottom 97% citywide for assessed value” really mean?
It means 97% of comparable homes in Winnipeg have a higher assessed value. In practical terms, this is a low-cost property within the city. That could be an advantage for affordability or a warning about the area’s desirability, depending on your priorities.