760 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a modest, early-20th-century home (built 1911) in the William Whyte neighbourhood of Winnipeg. At 720 square feet of living space and a land area of 2,463 square feet, it is smaller than average on every level—street, neighbourhood, and citywide. The assessed value of $155,000 sits slightly above the neighbourhood average ($149,100) but well below the street and city averages, reflecting the home’s compact size and older construction.
Where the appeal lies: The property’s main draw is affordability relative to the surrounding area. It ranks in the top 38% for assessed value within William Whyte, meaning it offers good value for the neighbourhood. While the home itself is below average in size and age, it is priced accordingly. For a buyer who prioritizes location or lower entry cost over square footage, this could be a practical starting point. The small lot and smaller footprint also mean lower maintenance and utility costs compared to larger, newer homes nearby.
Who it suits: First-time buyers with a modest budget, someone looking to enter the Winnipeg market without overextending, or an investor seeking a low-cost property in a transitional neighbourhood. It may also appeal to anyone who values older character (1911 construction) and is comfortable with the limitations of an older, smaller home. It is less suited to families needing more space or buyers who want a turnkey property with modern dimensions.
Frequently Asked Questions
1. Why is the assessed value higher than the neighbourhood average but lower than the street average?
The home sits on Burrows Avenue, where average values are higher ($227,300) due to larger or more updated properties. But within the broader William Whyte neighbourhood—which includes more modest streets—the average is lower ($149,100). This property’s $155,000 assessment places it right around the neighbourhood median, making it a relative bargain for the street but not for the area as a whole.
2. Is a 1911 home likely to have major issues?
It depends on maintenance history. Homes from this era often have older electrical, plumbing, and foundations. The data doesn’t indicate renovations or updates, so a thorough inspection is essential. The smaller size and lot may reduce some costs, but buyers should budget for potential system upgrades.
3. How does the small lot size affect use?
At 2,463 square feet, the lot is among the smallest on the street (bottom 84%) and neighbourhood (bottom 91%). This limits options for additions, garages, or large gardens. It also means less outdoor maintenance, which some buyers prefer. Check zoning for any setback restrictions if expansion is a future plan.
4. Why is the home ranked “below average” on its street but “around average” in the neighbourhood?
William Whyte includes a mix of housing, including many older, smaller homes like this one. On Burrows Avenue specifically, most homes are larger or newer, making this property an outlier. But when compared to the full neighbourhood, it fits more comfortably with the typical profile—hence the “around average” ranking for year built and assessed value at that level.
5. What does “ranked #184,672 out of 194,458 citywide” mean in practical terms?
This means the property is in the bottom 5% of Winnipeg homes for living area, and similarly low for land area and assessed value. It is not a premium or even mid-range property by city standards. However, this can work in a buyer’s favour if they’re looking for a low-cost entry point rather than a long-term family home or investment property with high resale value.