Property Overview & Key Characteristics
This one-and-three-quarter storey home on Burrows Avenue, built in 1914, presents a specific and practical opportunity. Its primary appeal lies in its efficient use of space and its position as an affordable entry point into the Winnipeg market. With 1,249 sqft of living area, the home offers above-average interior space for both its immediate street and the Burrows Central neighbourhood, making it a relatively spacious option in the area. The lot, however, is notably compact at 2,287 sqft, which is below average at a city-wide level but typical for the local context.
The home suits buyers with clear priorities: first-time purchasers or investors seeking a low-cost entry with functional living space, and those who value a smaller, manageable property footprint with lower maintenance demands. Its recent sale in July 2024 for $26,500 aligns with its long-term assessed value, indicating a stable, no-frills market position. A thoughtful perspective for a home of this age and value is to view it as a canvas where investment can be directed deliberately—whether into essential systems, interior updates, or simply as a cost-effective housing solution—without the premium associated with larger lots or renovated properties. The unrenovated basement and lack of a garage underscore its as-is, utilitarian nature.
Frequently Asked Questions
1. What does "one & 3/4 storey" mean for this home?
This typically describes a home with a full main floor and a second floor where the ceilings may slope with the roofline, often creating cozy but potentially limited headspace in some upper rooms. It's a common architectural style for Winnipeg homes of this era.
2. The land area seems small. Is that a major drawback?
It depends on your lifestyle. The lot is indeed compact, especially compared to the Winnipeg average, but it is more in line with other properties on Burrows Avenue. This means minimal yard maintenance, but also limited space for additions, large gardens, or extensive outdoor recreation.
3. How should I interpret the assessed value versus the recent sale price?
The 2024 sale price of $26,500 is close to the assessed value of $21,500. This consistency suggests the market views the property in line with its official valuation, which is based on factors like land size, building area, and location. It indicates a transaction based on fundamental value rather than speculative premium.
4. The home is 110 years old. What should I be most concerned about?
While the living space is generous for the area, the age necessitates a focus on core systems. A thorough inspection should prioritize the foundation, roof, electrical wiring, and plumbing. The unrenovated basement condition should be carefully evaluated for moisture issues and structural integrity.
5. Who are the most likely neighbours or comparable buyers?
Given the price point and profile, this property appeals to pragmatic buyers. This includes first-time homeowners prioritizing getting into the market over turn-key condition, value-conscious investors looking for rental property, or individuals seeking a modest, low-maintenance footprint. The recent sale history shows it serves a stable, budget-focused segment of the market.