Property Overview
This is a 956 sqft, one-and-a-half storey home built in 1912, situated on a 3,592 sqft lot in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its position as a modest, entry-level property with a below-average assessed value, offering a footprint for renovation or redevelopment. The lot size is notably larger than the city-wide average for homes of similar value, presenting a relative land advantage. The home has an unrenovated basement and no garage. Recent sale prices have been significantly below the city's average, reflecting its as-is condition and the neighbourhood's market.
This property would primarily suit a hands-on buyer looking for a project, whether as a live-in renovation, a rental investment after updates, or a potential land play given the lot size. It's a practical option for first-time buyers or investors comfortable with a property that requires work, set in an established, no-frills area.
Frequently Asked Questions
1. What does the "below average" assessed value actually mean for a buyer?
It primarily indicates a lower municipal tax assessment, which is positive for carrying costs. However, it also reflects the home's current condition and market position relative to the wider city, signaling both affordability and the need for investment to bring it up to modern standards.
2. The lot is larger than average for the city. How significant is this?
For a home of this age and value, a larger lot is a key asset. It provides more outdoor space than typical newer infill properties and could offer future flexibility, such as adding a garage or expanding the home, subject to zoning bylaws.
3. The home is over 110 years old. What should I be most concerned about?
While systems like plumbing, electrical, and the foundation are typical concerns, the unrenovated state means these may still be original or very dated. A thorough inspection is essential to understand the scope and priority of needed repairs, which could be extensive.
4. Who are the typical buyers or neighbours in this area?
Burrows Central is an established, working-class neighbourhood. Buyers are often pragmatic—first-time homeowners, long-term residents, or investors seeking affordable rental properties. It's a community where value and functionality often take precedence over luxury finishes.
5. The last sale was in 2020 for $15,700. Does that set the price today?
Not directly. That sale price, remarkably low even for six years ago, strongly suggests the property was sold in a distressed state or as a teardown. It serves as a historical data point but is not a reliable indicator of current market value, which will be influenced by present condition, comparable sales, and today's market dynamics.