Property Overview: 854 Mountain Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1921, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key characteristics include a 1,120 sqft living area, a 3,600 sqft lot, a detached garage, and a basement that is noted as unrenovated.
The primary appeal lies in its value and potential. With a recent sale price and assessed value significantly below the Winnipeg average, it offers an accessible entry point into the market. The lot size is notably above average for the immediate neighbourhood, providing valuable outdoor space or future expansion potential in a well-established area. The home itself offers more living space than many comparable houses in Burrows Central.
This property would best suit a value-conscious buyer looking for a solid foundation—perhaps a first-time homeowner comfortable with a property that may require updates, or an investor seeking a land-holding opportunity with a existing structure. Its unrenovated state means the next owner can tailor improvements to their own taste and budget without paying a premium for recently completed work.
Section 2: Frequently Asked Questions
1. What does "above average for the neighbourhood" really mean for the lot size?
The 3,600 sqft lot ranks in the top 29% for Burrows Central, meaning it's larger than most properties nearby. This is a relative advantage for privacy, outdoor use, or future projects compared to directly neighbouring homes.
2. Is the low assessed value a concern?
The assessed value is typical for similar homes on Mountain Avenue and in Burrows Central, but is far below the Winnipeg citywide average. This primarily reflects the home's age, condition, and the market dynamics of the area, not necessarily a structural issue. It results in lower property taxes.
3. What should I know about a 105-year-old home?
While the construction year is average for the street, a home from 1921 will have vintage character but requires a thorough inspection. Key focuses should be the foundation, original plumbing and electrical systems, and the condition of the unrenovated basement.
4. How does the living space compare practically?
At 1,120 sqft, it provides more room than many homes in the immediate area (which average 962 sqft). For a one-and-a-half storey, this suggests potentially well-proportioned main-floor rooms and usable upper-level space.
5. What is the context of the recent sale price?
The home sold for $21,700 in July 2023. This price point, consistent with the assessed value, firmly places it as a value-oriented property. It’s important to research recent sales of similar-sized lots and homes in Burrows Central to understand current market trends.