Property Overview
1047 Burrows Avenue is a classic one-storey home in Winnipeg's Burrows Central neighbourhood, built in 1909. Its key appeal lies in its balance of a generous, in-demand lot size with a recently renovated basement, offering a solid foundation for both comfortable living and future potential. The detached garage adds practical value. While the main living area is modest, the property presents a compelling opportunity for buyers who prioritize land over square footage.
Key Characteristics & Ideal Buyer
This home is defined by its substantial 3,426 sqft lot, which is above average for the immediate street and neighbourhood. This is the property's standout feature, providing significant outdoor space rare for the area. The recently renovated basement adds modern, functional living space, contrasting with the home's early 20th-century character. With an assessed value significantly below the Winnipeg average, it sits in an affordable tier for the city.
Its appeal is grounded in practicality and potential. It suits a first-time buyer or an investor looking for an entry point into the market with a manageable structure on a valuable piece of land. It would also resonate with a buyer who values larger outdoor space for gardening, pets, or family activities, and who sees the charm and possibility in an older home that has already seen key updates below ground. The very low annual property taxes, reflected by the assessed value, are a less obvious but important financial benefit.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement has been renovated, but specifics on finish quality, layout, and whether it includes a legal suite or additional bedrooms should be verified with the seller or agent.
2. How does the lot size compare practically?
At 3,426 sqft, the lot is larger than many in the central area, offering more yard space than typical infill properties. This provides room for additions, landscaping, or outdoor living that newer homes in this price range often lack.
3. What are the implications of the 1909 build date?
While the home has historic character, buyers should budget for and investigate the condition of major aging components, such as the roof, plumbing, and electrical systems, which may need updating or have already been addressed.
4. Why is the assessed value so much lower than the city average?
The assessed value is for taxation purposes and reflects the home's modest size, age, and neighbourhood market values. It is consistent with similar older, smaller homes in the central core, not with newer or larger homes city-wide, resulting in a lower annual property tax burden.
5. What is the neighbourhood like?
Burrows Central is a mature, established neighbourhood. The provided comparable properties show a mix of older homes similar in scale and value, indicating a stable, no-frills residential area. Prospective buyers should visit at different times to gauge traffic, noise, and overall community feel.