676 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s William Whyte neighbourhood. At 781 square feet, the living area is notably smaller than average across all comparison levels—street, neighbourhood, and citywide. The lot is also on the smaller side at 2,463 square feet, which is below typical for the area.
The property’s assessed value sits at $168,000, which is roughly average for the street but well above the neighbourhood average of $149,100. This may reflect the home’s condition or recent updates more than its size. Built in 1912, it’s older than most homes on the street and significantly older than the citywide average.
What stands out is the value-to-size ratio. In a neighbourhood where many homes are similarly aged but often larger, this one offers a lower entry point in terms of square footage. For a buyer who doesn’t need a lot of space but wants to be in an established central Winnipeg area, it could make sense. It would likely appeal to first-time buyers looking for affordability, investors seeking a lower-cost rental property, or anyone comfortable with an older home that may require more maintenance. The smaller land area also means less yard upkeep, which some will prefer.
The neighbourhood itself has a mix of older homes, and while the property ranks below average for living area and land, its assessed value suggests it holds its own relative to neighbours.
Five Possible FAQs
1. How does the living area compare to typical homes in Winnipeg?
It’s well below average. At 781 sqft, it ranks in the bottom 8% citywide. Homes across Winnipeg average around 1,342 sqft. On its own street, the average is 1,116 sqft.
2. Is the assessed value a good indicator of market price?
Assessed value is based on municipal valuation, not current market conditions. At $168,000, it’s below the street average of $227,300 but above the neighbourhood average of $149,100. That gap may suggest the home is priced closer to citywide norms for smaller properties, but a realtor would be needed for a true market estimate.
3. What does the year built tell me about potential issues?
Built in 1912, the home is over 110 years old. Older homes often have outdated electrical, plumbing, or insulation. However, many have been updated over time. The assessed value being higher than the neighbourhood average could indicate some improvements, but a home inspection is essential.
4. Why is the land area ranked so low citywide?
The lot is 2,463 sqft, which is small by Winnipeg standards. Citywide, the average lot is 6,570 sqft, so this property ranks in the bottom 3%. For buyers who don’t want a large yard, that’s not a drawback—but it limits expansion or resale pool.
5. Would this property be a good rental investment?
It could be, depending on the condition and monthly carrying costs. Smaller homes in older neighbourhoods often have lower purchase prices and can attract tenants looking for affordable rent. But the small size and age may also mean higher maintenance costs over time. Running a cash-flow analysis with local rental data would be the next step.