Property Overview: 1074 Burrows Avenue
Key Characteristics & Appeal
This two-storey home, built in 1955, presents a notable opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its generous scale and solid foundation. With 1,768 sqft of living space, the home ranks within the top 5% of houses on its street for size, offering significantly more room than most nearby properties. It sits on a large, 2,986 sqft lot, providing ample outdoor space in an area where smaller lots are common.
The home suits two main types of buyers. First, it’s ideal for those seeking a spacious "blank canvas" or long-term family home where they can invest in renovations over time, as the basement exists but is not yet renovated. Second, it appeals to value-focused investors or homeowners who prioritize square footage and land size over move-in-ready finishes. A thoughtful perspective is that while the 1955 build date is older than many area homes, it may offer more modern construction than the neighbourhood's many pre-1920 houses, potentially meaning fewer foundational or antique system concerns. The recent assessed value is stable, suggesting a well-priced entry point for the substantial physical assets you acquire.
Frequently Asked Questions
1. What does "Basement: Yes, not renovated" imply?
It confirms the house has a full basement, but it is in original or unfinished condition. Buyers should budget for potential updates, moisture management, or finishing to utilize the space fully.
2. How significant is the living area compared to nearby homes?
It's very significant. This home is over 500 sqft larger than the next largest comparable on the list (995 Alfred Ave). This size advantage is a key differentiator in the area.
3. The sold price in 2017 was $180k, but the current assessed value is $31.5k. Why the large discrepancy?
The $180k sale likely reflects a past market peak or a uniquely renovated condition. The current assessed value for taxes is not a market price. For a true market comparison, consult recent sales data for similar-sized homes, as assessment values are often lower and standardized across many properties.
4. What should I make of the various "Top X%" rankings?
They are relative benchmarks. Key takeaways: the lot size is above average for the street, the living area is exceptionally large for the area, and the building is newer than most in the immediate neighbourhood but average for the wider city.
5. Is the lack of a garage a major drawback?
It depends on buyer needs. Many older homes in central neighbourhoods lack garages. The large lot does offer potential for adding a garage or secure parking in the future, subject to local bylaws.