893 College Avenue

Property Overview & Key Characteristics

This one-and-a-half storey home, built in 1949, presents a straightforward opportunity centered on its land and location. The 753 sqft living space is compact, placing it below average for the area, and the home features an unrenovated basement and no garage. Its primary appeal lies in its substantial 3,598 sqft lot, which is above average for the central Burrows Central neighbourhood, offering valuable outdoor space or future potential in a mature area. The property is notably newer than many surrounding homes, which can be an advantage for foundational integrity.

It suits practical buyers looking for an entry point into homeownership, investors seeking a land-value play, or those comfortable with a smaller footprint who prioritize a larger yard over a large house. The very low assessed and recent sale values indicate this is a functional property for the budget-conscious, not a turn-key or luxury offering. A thoughtful perspective is recognizing that its "below average" size city-wide is actually close to the neighbourhood norm, making it a typical, no-frills option for this specific community.

Frequently Asked Questions

1. What is the true focus of this property?
The value is primarily in the land and location. The house itself is small and unrenovated, making this a play for the lot size in a central neighbourhood, ideal for someone with renovation plans or who values outdoor space.

2. How does the lot size compare to nearby homes?
The lot is a key feature. At 3,598 sqft, it is larger than the average lot in both the immediate area and the broader Burrows Central neighbourhood, offering more private outdoor space than many comparable properties.

3. Is the year built (1949) an advantage?
Yes, contextually. While 77 years old, it is newer than the average home on its street and in the neighbourhood. This suggests it may have benefited from somewhat more modern construction techniques of the mid-century compared to the many pre-war homes nearby.

4. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's modest size, condition, and its location in a neighbourhood with generally lower market values than the Winnipeg average. It is priced in line with similar homes in Burrows Central.

5. What should a buyer be prepared to invest in?
Given the unrenovated basement and the age of the home, buyers should budget for immediate maintenance and potential updates. The lack of a garage and the compact living area also mean evaluating storage needs and space functionality from the outset.