Property Overview: 932 Burrows Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2005, stands out in its neighbourhood for its modern age. While its land size is modest compared to local and city-wide averages, the living space is practical and well-proportioned for the area. A key feature is the renovated basement, adding valuable finished space. The property lacks a garage or pool, positioning it as a straightforward, low-maintenance option.
Its primary appeal lies in its relative newness within a community of mostly older homes, suggesting potentially fewer immediate repairs and modern building standards. The appeal is for value-conscious buyers seeking an entry into homeownership or a practical investment. It would suit a first-time buyer looking for a manageable property, or an investor attracted by the below-average assessed value compared to the wider city, which could indicate room for equity growth. A thoughtful perspective is that its smaller lot and lack of garage might be a trade-off for the modern build, appealing to those who prioritize the condition of the house itself over outdoor space or vehicle storage.
Section 2: Frequently Asked Questions
1. How does the age of this home compare to others nearby?
Built in 2005, this home is significantly newer than most in the Burrows Central neighbourhood, where comparable homes average a build year of 1934. It ranks in the top 5% for year built in the local area.
2. Is the lot size a concern?
The land area is below the average for both the street and the neighbourhood. This means smaller outdoor space but also less yard maintenance. It’s a factor for those wanting a large garden, but may be acceptable for those seeking a low-maintenance property.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. Viewing the property or requesting details from the listing agent is necessary to understand the quality and use of this space.
4. How is the assessed value positioned?
The assessed value is above average for the Burrows Central neighbourhood but below average for the City of Winnipeg as a whole. This can suggest the property is valued in line with its immediate area, potentially offering more accessible entry into a modern-built home compared to city-wide prices.
5. Are there comparable recent sales?
The last recorded sale for this property was in February 2018. The provided comparable listings are based on similar assessed value or location, not recent sale prices. Consulting a real estate agent for a current market analysis is recommended to understand its present value.