803 Burrows Avenue

Property Overview

This one-storey home at 803 Burrows Avenue presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Built in 1963, it sits on a standard 3,003 sqft lot and features 1,088 sqft of living space, a renovated basement, and a detached garage. The data reveals a property that stands out most clearly within its immediate context: its assessed value ranks in the top 3% for the Burrows Central area, suggesting it is viewed as a solid asset compared to its neighbours. The home is newer than most in the area and offers above-average living space for the neighbourhood, positioning it as a relatively modern and spacious option locally. Its appeal lies in its move-in readiness with a renovated basement, its manageable size for a smaller household or first-time buyer, and its strong valuation footing within the community. This home would suit a buyer looking for a straightforward, maintained property in a central location without the premium of a newer suburb, or an investor seeking a property with a stable assessment history in an established area.

Key Questions for Consideration

1. What does the "renovated basement" include?
   It's important to clarify the scope, quality, and permits for this renovation to understand the true added living space and functionality.

2. How does the sale price from 2020 relate to the current asking price?
   Understanding the market appreciation or the seller's rationale since the last sale at $27,400 will provide context for today's value.

3. What is the condition of the detached garage and the lot itself?
   The garage's state and the size/landscaping of the lot are key factors, as the land area is average for the street but below the citywide average.

4. Why is the assessed value so high relative to the neighbourhood?
   While a positive sign, it's wise to investigate what specific attributes (renovations, size, condition) led to this assessment and how it might impact property taxes.

5. What is the mix of homeowners and renters on the immediate block?
   The listing shows several nearby properties, so understanding the street's character—whether it's primarily owner-occupied—can inform a sense of community and upkeep.