Property Overview
This one-and-a-half storey home on a generous 4,760 sqft lot in Burrows Central presents a practical opportunity. Built in 1922, its key characteristic is a recently renovated basement, adding modern utility to a classic structure. The living space, at 1,304 sqft, is notably above average for both the street and the neighbourhood, offering more room than many comparable properties. Its appeal lies in this combination of updated essentials, a larger-than-typical lot for the area, and a detached garage. The home suits first-time buyers or practical investors looking for a character home with some foundational work already done, without the premium of a fully modernized property. A thoughtful perspective is that while the home is older than the city average, it sits on a lot size that ranks in the top 12% for the neighbourhood, suggesting potential for outdoor space or future expansion that many nearby properties cannot offer.
Frequently Asked Questions
Is the renovated basement a legal suite?
The listing specifies a renovated basement but does not indicate it is a legal secondary suite. Buyers should confirm its permitted use with the city.
How does the assessed value relate to the likely sale price?
The home has an assessed value of $21,900, but sold for $18,500 in 2019. This is common, as assessed value for municipal taxes often differs from market value. The sale price from 2019 provides a more relevant benchmark, though current market conditions will determine today's value.
What are the implications of the "one-and-a-half storey" design?
Typically, this style features a main floor with full-height ceilings and a second floor under sloped rooflines, creating cozy, character-filled bedrooms that may have limited headroom in places. It's a classic Winnipeg design.
The lot is larger than average for the neighbourhood. What does that mean?
With a lot size in the top 12% for Burrows Central, you have more private outdoor space than most. This allows for larger gardens, play areas, or parking, and could be a long-term advantage for expansion, subject to zoning.
How does this home compare to others on Mountain Avenue?
The data shows this home has more living space than the average on its street and sits on a lot that is slightly above average for the avenue. Its age and assessed value are generally in line with neighbouring properties, indicating it's a representative, yet slightly more spacious, home for the block.