Property Overview
This one-and-a-half storey home, built in 1911, sits on a standard 3,151 sqft lot in Burrows Central. With 1,036 sqft of living space, an unrenovated basement, and no garage, it presents as a straightforward, no-frills property. Its key appeal lies in its position as an accessible entry point into the Winnipeg market, underscored by a very low assessed value that is significantly below the citywide average. The home last sold in 2019 for $13,500.
This property would primarily suit a value-focused buyer looking for a foundational asset—whether as a first home with renovation plans over time, or as a potential rental investment where the low acquisition cost is the primary driver. It’s a practical choice for someone comfortable with a home that requires updates and who prioritizes lot location over move-in-ready condition.
Frequently Asked Questions
Is the low assessed value a concern?
Not necessarily. It primarily reflects the home’s age, condition, and smaller size relative to the broader city market. For a buyer, it can mean a lower property tax burden and a clear opportunity to add value through improvements.
What does "one-and-a-half storey" typically mean for a 1911 home?
It usually indicates a design where the second floor has sloped ceilings (following the roof line) and potentially smaller rooms, offering classic character but less conventional space than a full two-storey layout.
How does the lot size compare?
The lot is fairly typical for the immediate area and street, though it is below the Winnipeg city average. This suggests a more traditional, closer-knit neighbourhood lot size rather than expansive grounds.
The home seems consistently "below average" in rankings. Is that a bad sign?
These metrics compare it to all homes citywide, where newer, larger suburban properties skew the averages. Within its own neighbourhood and street, its size and value are much more typical, indicating it’s a standard offering for Burrows Central.
What’s the most important perspective when considering this property?
View it as a land purchase with a house included. The long-term value will be influenced more by its location in Burrows Central and the potential of the lot, with the existing structure providing immediate utility. Its history suggests it’s a stable, low-cost holding in the market.