Property Overview: 868 College Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-a-half storey home in Burrows Central, built in 1912. Its key features include a renovated basement and a detached garage. With 1,072 sqft of living space, it offers a comfortable footprint that is notably above average for its immediate neighbourhood. The lot size of 2,277 sqft is modest, particularly when viewed city-wide, suggesting a lower-maintenance yard.
The appeal here is one of practical value and character. The home presents an opportunity to own a solid, older character home without an overwhelming amount of land to manage. Its assessed value is significantly below the Winnipeg average, indicating a potentially accessible entry point into the market. This property would suit first-time buyers, practical downsizers, or investors looking for a character rental. It’s for someone who appreciates the established feel of a century-old home but prefers a more manageable scale and a value-conscious price tag over a large, modern property.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is below the city average, it translates to less yard maintenance. For buyers seeking a character home without the burden of a large garden, this can be a practical benefit.
2. How does the living space compare to the area?
The living area is actually above average for Burrows Central, meaning you get more interior space than many neighbouring homes, which is a positive differentiator in this location.
3. What does the "below average" city-wide assessed value indicate?
It primarily reflects the home’s location and age relative to the entire Winnipeg market. It suggests the property is priced accessibly, but buyers should always verify current market value through a real estate professional, as assessed value is for taxation and not necessarily sale price.
4. The home is over 110 years old. What should I consider?
While it offers charm, a home of this age will likely have older infrastructure. The renovated basement is a plus, but a thorough inspection of the roof, foundation, plumbing, and electrical systems is essential to understand future maintenance needs.
5. Are the nearby comparison properties similar?
The listed nearby properties on streets like Redwood and Aberdeen are useful for gauging the general price range and style in the immediate area. However, factors like specific condition, updates, and lot layout will cause variations, so they are best used as a starting point for comparison.