1001 College Avenue

Property Overview: 1001 College Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1932, presents a straightforward opportunity in Winnipeg's Burrows Central neighborhood. Its primary appeal lies in its land value and location. The lot is a generous 3,589 sqft, which is above average for the city and provides ample outdoor space for gardening, play, or expansion in a mature, established area. The home itself is modest in size at 777 sqft of living space, with an unrenovated basement and a detached garage.

This property would best suit a practical buyer looking for an entry point into homeownership with a focus on the long-term value of the land itself. It’s a candidate for a live-in renovation project, or it could appeal to an investor seeking a rental property with a stable, low assessed value. A less obvious perspective is its appeal to those who prioritize lower property taxes, given its assessed value is significantly below the citywide average. It’s not a move-in-ready showpiece, but a solid foundation with potential.

Section 2: Frequently Asked Questions

1. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished and presents an opportunity for future development or additional storage.

2. How does the lot size compare to others?
The land area of 3,589 sqft is larger than most properties citywide (ranking in the top 20%) and is slightly above average for the immediate Burrows Central area.

3. What does the assessed value indicate?
The assessed value of $15,800 is very low compared to the Winnipeg average. This typically results in lower municipal property taxes, but it also reflects the home's age, condition, and smaller living area.

4. What type of neighborhood is Burrows Central?
The data shows homes here are of a similar vintage (1930s-1940s), with moderately sized lots. The proximity to many other homes on College Avenue suggests a dense, traditional neighborhood setting.

5. Is this a good investment property?
Given its low assessed value and the presence of a rental basement to potentially develop, it could be of interest. However, its suitability depends entirely on the purchase price, renovation budget, and local rental market conditions for smaller, older homes.