Property Overview: 1062 Burrows Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2020, is a modern exception in its neighbourhood. Its primary appeal lies in being a nearly new construction in an area dominated by much older homes, offering move-in readiness without the need for immediate updates. The 1,317 sqft living space is notably above average for the immediate Burrows Central area.
A thoughtful perspective is its value proposition: while the lot size is compact, the home itself is efficient and modern. It suits first-time buyers or investors seeking a newer, low-maintenance property without a premium suburban price tag. It would also appeal to those who prioritize modern building standards and systems over expansive outdoor space. The unrenovated basement presents a straightforward opportunity for future customization.
Section 2: Frequently Asked Questions
1. How does the lot size impact this property?
The land area is significantly smaller than most lots in Winnipeg. This means lower exterior maintenance but limited potential for expansions like a large addition or garage. The value here is in the building itself, not the land.
2. Why is the assessed value so much lower than the city-wide average?
Assessed values are heavily influenced by location and lot size. While this home is new, it sits in a neighbourhood with generally lower property values. The assessment reflects its status as a modern home on a small lot in this specific area.
3. What does "Elite" ranking for Year Built mean?
This statistic highlights that a home built in 2020 is exceptionally rare in this context. On Burrows Avenue and in Burrows Central, it ranks in the top 1% for being new, meaning it is among the very newest homes in the vicinity.
4. Is the unrenovated basement a drawback?
Not necessarily. It means the space is a blank canvas. For some buyers, a finished basement done to a previous owner's taste can be more costly to alter than starting from scratch. It allows for customization to suit your exact needs.
5. Who are the typical neighbours?
The nearby reference properties, with construction dates ranging from 1909 to 1972, indicate you would be living alongside a mix of Winnipeg's classic housing stock. This home offers a contemporary lifestyle within an established, character-filled community.