Property Overview
This 1911 one-storey home at 883 Burrows Avenue presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in a renovated basement and a detached garage, sitting on a 3,005 sqft lot that is average for the local street. With 770 sqft of living space, the house itself is compact, placing it below average in size for the area. The most recent sale was in November 2020 for $190,000.
This property would suit a first-time buyer or an investor looking for a straightforward, lower-maintenance entry into the market. Its value is anchored more in its land and functional updates (like the basement) than in its interior square footage. It's a home for those comfortable with the character and scale of an older, established neighbourhood, who prioritize location and lot potential over a large living area.
Frequently Asked Questions
1. Is the house particularly small?
Yes. At 770 sqft, the living area is below the average for both Burrows Avenue and the broader Burrows Central neighbourhood. This indicates a compact, efficient layout.
2. What does "renovated basement" likely mean here?
Given the home's age and assessed value, this typically indicates functional improvements for livability or utility, such as updated finishes, moisture control, or legal egress. It's a valuable asset but may not be a full, high-end suite.
3. How does the 2020 sale price relate to its current value?
The $190,000 sale price from 2020 was around average for the street at that time. It serves as a recent benchmark, but current value would be influenced by market conditions, further updates, and the home's condition since that sale.
4. The assessed value seems very low. Why?
The $20,100 figure is for municipal tax purposes and is not an indicator of market value. It is, however, around average for the immediate area, suggesting the property's tax assessment is in line with its neighbours.
5. What are the less obvious considerations with a home from 1911?
While it offers charm, a home of this age requires a focus on fundamental systems. A thoughtful inspection should prioritize the condition of the foundation, original plumbing and wiring updates, and the efficiency of the heating system, beyond any cosmetic renovations.