Property Overview
This 2017 bi-level home at 1021 Burrows Avenue presents a distinct profile within its established Winnipeg neighbourhood. Its primary appeal lies in the combination of modern construction and a compact, efficient footprint. The home features a renovated basement, no garage, and no pool.
Key Characteristics & Ideal Buyer
The standout feature is the year of construction. Built in 2017, it is a notably newer home, ranking in the top 2-5% of homes on its street, in Burrows Central, and citywide, where the average comparable home was built decades earlier. This suggests modern building standards, systems, and less immediate need for major updates. The living space is a manageable 951 sq ft, which is around average for the immediate area but below the citywide average, promoting a low-maintenance lifestyle. It sits on a smaller lot (2,281 sq ft), which means less yard work but also less private outdoor space.
The home’s assessed value is strong for the neighbourhood, ranking in the elite top 4% for Burrows Central. This indicates it is viewed as a higher-value property in the area, likely due to its newness. The appeal here is practical: a modern, turn-key home in a neighbourhood of mostly older properties, suited for a first-time buyer, downsizer, or investor seeking a newer build with minimal upkeep. It’s for those who prioritize interior condition and modern mechanics over square footage and large lots.
Frequently Asked Questions
1. What are the main advantages of this home being built in 2017?
You benefit from newer plumbing, electrical, insulation, and building codes, which can mean greater energy efficiency, fewer repairs, and potentially lower maintenance costs in the near term compared to the neighbourhood's older housing stock.
2. The lot size is noted as below average. What does this mean for me?
It translates to less yard maintenance, which can be a plus for those seeking a low-maintenance property. However, it also means limited space for additions, large gardens, or extensive private outdoor recreation.
3. Who might this property not suit as well?
It may not suit buyers needing multiple bedrooms or significant storage space, given the compact living area and lack of a garage. Those wanting a large yard or space for future expansion might also find it limiting.
4. The assessed value is high for the neighbourhood. Is that good?
It reflects the premium for a much newer home in the area, which is positive for perceived value. However, it's important to ensure the asking price is in line with this assessment and recent sales of similar modern homes, not just older neighbourhood comparables.
5. What should I consider about the bi-level design with a renovated basement?
A bi-level often means split-level living. Ensure the layout suits your needs. A renovated basement adds liveable space, but clarify the quality of the renovation, whether it’s permitted, and if the basement is suited for year-round use (proper ceiling height, egress, moisture control).