703 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,536-square-foot home built in 2006, sitting on a 3,004-square-foot lot in Winnipeg’s William Whyte neighbourhood. The standout feature is its assessed value relative to the area: at $286,000, it ranks in the top 2% of the neighbourhood, where the average assessment is about $149,000. That gap reflects not just the home itself, but the difference a newer build makes in an older area—most neighbouring houses date from the 1940s or earlier.
The house is also notably larger than what’s typical on the street (top 13%) and in the neighbourhood (top 15%). Citywide, its living area is still above average, though less dramatic. The land, at 3,004 square feet, is close to the neighbourhood average but well below the citywide norm—so outdoor space is functional but not generous by Winnipeg standards.
Where the appeal lies: The property offers modern construction in a neighbourhood with older, often smaller homes. That mix appeals to buyers who want something move-in ready with a strong value proposition, rather than a fixer-upper or a house in a pricier part of town. The assessment data suggests the home holds its value well relative to its immediate surroundings, which can matter for resale or refinancing. The land area is modest, so this isn’t the right fit for someone needing a large yard or workshop space.
Who it suits: First-time buyers looking for a newer house in a central neighbourhood; investors focused on areas with below-average entry prices but above-average relative quality; or anyone who values a newer build’s efficiency and lower maintenance over a larger lot or a more prestigious address.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On the street, it’s above average, ranking in the top 28%. In the William Whyte neighbourhood, it’s in the top 2%—meaning very few nearby homes have a higher city assessment. Citywide, it sits below the average of $390,000, which reflects the neighbourhood’s overall affordability.
2. Is this a newer home for the area?
Yes. Built in 2006, it ranks in the top 4% on the street and top 9% in the neighbourhood, where the average home was built in the 1920s or 1940s. Citywide, it’s still in the top 14% of newer homes.
3. How much living space does it have compared to typical city homes?
At 1,536 square feet, it’s about 15% larger than the citywide average for comparable homes (1,342 sqft). Compared to the William Whyte neighbourhood average (1,158 sqft), it’s about 33% larger. On the street itself, it’s in the top 13% for size.
4. Is the lot size small?
Relative to Winnipeg as a whole, yes. The average citywide lot for comparable homes is 6,570 square feet; this one is less than half that size at 3,004. But it’s close to the local averages for the street and neighbourhood—so it’s typical for the area, not an outlier.
5. What kind of maintenance or updates should a buyer expect?
The home is going on 20 years old. While 2006 is recent compared to the surrounding housing stock, systems like the roof, furnace, and appliances will be approaching typical replacement windows. A newer build from that era may not need immediate major work, but a home inspection should focus on the condition of mechanicals, windows, and any settling—especially since the neighbourhood’s soil and drainage patterns can affect older and newer construction alike.