Property Overview
This one-and-a-half storey home on Burrows Avenue is a classic Winnipeg character property built in 1913. It sits on a standard city lot of just over 3,000 square feet and offers 1,119 square feet of living space. Key features include a detached garage and a basement that is present but not renovated. The home last sold in 2017.
Its appeal lies in its solid, no-frills foundation and its position as a relatively spacious home within the Burrows Central neighbourhood. Compared to other homes in the immediate area, its living area is above average, offering more interior room than many neighbouring properties. The very low assessed value indicates this is an entry-point property, suited for a specific type of buyer.
This home would best suit a hands-on buyer looking for a footprint to build equity through renovation, or an investor seeking a straightforward rental property with a low entry cost. It’s not a move-in-ready home, but a project with clear, comparable sales in the area to help gauge its potential value.
Frequently Asked Questions
What does "basement, not renovated" typically mean?
For a home of this era, it usually indicates a functional but unfinished concrete basement with original utilities. It likely has good height and space for storage or laundry, but would require significant work to become a finished living area.
How significant is the 1913 build date?
While the home is over a century old, its build date is actually around average for the street and neighbourhood. This suggests the area is established with many homes of similar vintage, so local tradespeople are likely familiar with the construction styles and common issues of the era.
The assessed value seems very low. What does that indicate?
The assessed value is for taxation purposes and is often below market value, but a figure this low relative to the citywide average strongly suggests the city’s assessment reflects a home in need of substantial modernization, not its potential value after improvements.
Is the living area of 1,119 sqft manageable?
Yes, and it's a notable positive. For the neighbourhood, this living area is above average, meaning the home likely has a more functional layout with better room sizes than many immediate comparables, which is a key advantage for renovation.
What can nearby sales tell me?
Recent sales of similar homes on Alfred and Magnus Avenues, with comparable assessed values and sizes, provide a concrete benchmark for what buyers are currently paying for homes in this specific condition and location, which is crucial for making a realistic offer.