Property Overview & Key Characteristics
This one-and-a-half storey home at 818 College Avenue in Winnipeg's Burrows Central neighbourhood presents a straightforward, value-oriented opportunity. Built in 1914, its key appeal lies in its solid, average positioning within its immediate context. With 1,060 sqft of living space, it offers more room than many similar homes in the area, ranking above the neighbourhood average. The lot, while smaller than city-wide averages, is typical for the street. A detached garage and a full (though unrenovated) basement add practical utility. The home last sold in 2017 for $170,000, and its current assessed value is notably below the Winnipeg average, suggesting a potentially accessible entry point.
This property would suit a first-time buyer or practical investor looking for a home with honest, no-frills potential in a central location. Its appeal is grounded in being a manageable size on a modest lot, likely offering lower maintenance costs and taxes compared to larger properties. A thoughtful perspective for the right buyer is viewing the unrenovated basement not as a drawback, but as a blank canvas to be finished to their own needs and budget over time, without the premium of a prior owner's choices.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the 2,277 sqft lot is below the Winnipeg average, it is very typical for College Avenue and the Burrows Central area. This often translates to less yard maintenance and lower property taxes, which can be a practical advantage.
2. What does "above average living area for the neighbourhood" mean?
Most comparable homes in Burrows Central average about 962 sqft. This home's 1,060 sqft of living space provides more interior room than many in the immediate area, which is a relative strength.
3. The home is over 100 years old. What should I consider?
The 1914 build date is around average for the street. While charm and solid construction are likely, a thorough inspection is essential to understand the condition of major aging components like the roof, plumbing, and wiring.
4. How does the assessed value compare to the last sale price?
The home is assessed at $16,800 for tax purposes, which is not a market valuation. It last sold for $170,000 in 2017. Market value is determined by current conditions, buyer demand, and the property's state.
5. What is the potential here for a buyer?
The primary potential is in securing a character home of manageable scale at a likely accessible price point. The unrenovated basement allows for future customization. It's a property for someone who values location and practicality over modern finishes or a large yard.