725 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s William Whyte neighbourhood. The living area is 816 square feet, which is smaller than the average on its street, in its neighbourhood, and across the city—ranking in the bottom 10–20% in all three categories. The house was built in 1907, making it older than most comparable homes locally and citywide. The lot is a modest 3,004 square feet, slightly below the street and neighbourhood averages but still in the middle of the pack relative to those areas. The current assessed value is $131,000, which is significantly below average for the street ($227,300) and the city ($390,100), but sits close to the neighbourhood average ($149,100), ranking around the 54th percentile locally.
The property’s main appeal is its lower entry price relative to the neighbourhood and city. For buyers focused on affordability rather than space or modern finishes, this represents a relatively inexpensive entry into a central Winnipeg neighbourhood. It would best suit first-time buyers with limited budgets who are willing to take on an older home that likely requires updates, or investors looking for a low-cost rental property in an area with average land values. The smaller footprint might also appeal to someone downsizing who prefers a lower-maintenance property and doesn’t need extra square footage. Less obvious: the modest lot size relative to the street suggests less yard work than many neighbouring properties, and the assessed value being close to the neighbourhood average means property taxes may be more predictable than for homes with higher assessments elsewhere. Keep in mind that the “below average” rankings for living area and year built may signal functional obsolescence or renovation needs that aren’t reflected in the price alone.
Frequently Asked Questions
1. How does this home’s living area compare to others nearby?
The 816 sqft is about 27% smaller than the average on Burrows Avenue (1,116 sqft) and roughly 29% smaller than the neighbourhood average (1,158 sqft). It’s well below the citywide average for comparable homes, which is 1,342 sqft.
2. Is the assessed value of $131,000 reasonable?
It’s below the street average ($227,300) and citywide average ($390,100), but almost exactly in line with the neighbourhood average ($149,100). The value reflects the smaller size and older age, but is not unusually low for William Whyte proper. Local sales data would give a clearer picture of market price.
3. What does the year built (1907) mean practically?
A 1907 build means the house is over 115 years old. Likely concerns include older electrical, plumbing, insulation, and foundation systems. It may also have character features that are harder to find in newer builds. Buyers should budget for a thorough inspection and possible upgrades.
4. How does the lot size affect usability?
The 3,004 sqft lot is slightly smaller than the street average (3,497 sqft) but bigger than many citywide lots in more dense areas. It offers a modest yard—enough for gardening or small outdoor space, but not expansive. It’s common for the area and won’t feel out of place.
5. What type of buyer would find this property most appealing?
It’s best suited for someone looking for an affordable entry into a central neighbourhood—likely a first-time buyer who doesn’t need a lot of space, or a buy-and-hold investor targeting lower-priced inventory. It’s less ideal for families needing room to grow or anyone seeking a move-in-ready home without significant updates.