Property Overview
This one-and-a-half storey home on College Avenue in Winnipeg's Burrows Central neighbourhood presents a practical and straightforward opportunity. Built in 1919, it sits on a 3,608 sqft lot, which is a comfortable, above-average size for the immediate area. The 1,054 sqft living space is typical for the street, and the home features a renovated basement and a detached garage. Its assessed value is notably modest, placing it well below the Winnipeg citywide average, which points to its accessibility. The property last sold in 2017.
Key Characteristics & Appeal
The primary appeal of this home lies in its balance of established neighbourhood character and practicality. The renovated basement adds functional living space, while the detached garage and lot size offer valuable flexibility for parking, storage, or outdoor use—a relative premium in central neighbourhoods. Its assessed value and historical sale price suggest it is positioned as an accessible entry point into the market.
This property would suit a first-time buyer or an investor looking for a pragmatic, no-frills property with some updated fundamentals. It’s a home for someone comfortable with the upkeep of a century-old structure but who values the lower financial barrier to entry. A thoughtful perspective is that while the home's metrics are average for its immediate vicinity, this very consistency can indicate a stable and predictable neighbourhood context, which can be an advantage over areas with more extreme highs and lows.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture control, and legal compliance (e.g., egress windows) would require clarification from the seller or a home inspection.
2. How does the very low assessed value impact property taxes?
A below-average assessed value typically results in lower municipal property taxes compared to the citywide average, which is a ongoing cost advantage for the homeowner.
3. What is the condition of the detached garage?
Given the age of the property, the state of the detached garage—its foundation, structure, roof, and wiring—should be evaluated, as repairs or upgrades could be a significant consideration.
4. Are the mechanical systems (roof, wiring, plumbing, heating) original or updated?
A home built in 1919 may have had partial or full updates. Understanding the age and condition of these critical systems is essential for budgeting future maintenance.
5. How does the lot size compare, and are there any development restrictions?
At 3,608 sqft, the lot is above average for Burrows Central. A buyer should verify with the city if there are any heritage or zoning restrictions that could affect future expansions, additions, or subdivision.