Property Overview
This one-and-a-half storey home, built in 1932, presents a practical and affordable entry into Winnipeg’s Burrows Central neighbourhood. Its key appeal lies in its balance of a renovated basement, a detached garage, and a lot size that is generous for the immediate area. While the 782 sq ft living area is compact, the 3,586 sq ft lot offers valuable outdoor space and potential relative to nearby homes. The property last sold in 2016 for $200,000, and its current assessed value sits above the averages for both its street and neighbourhood, suggesting it is viewed as a well-maintained asset in its local context.
This home would suit first-time buyers or investors looking for a solid, no-frills property with a manageable footprint and a desirable, larger lot. Its value is more in the land and location than in square footage, appealing to those who prioritize outdoor space or future expansion potential over a large existing interior. The renovated basement adds functional living space, making the overall package more versatile.
Frequently Asked Questions
1. Is the house too small for a family?
At 782 sq ft, the main living area is compact. However, the renovated basement provides additional finished space, and the lot size is well above the neighbourhood average, offering room for play or gardening. It may suit a small or young family comfortable with efficient living.
2. How does the assessed value compare?
The assessed value of $22,100 is above the average for both Mountain Avenue and the broader Burrows Central area. This typically indicates the property is in better condition, has more desirable features, or is on a more valuable lot compared to many local peers.
3. What does the lot size ranking mean?
The land area ranks in the top 76% on its street, meaning it's larger than most direct neighbours. In the wider neighbourhood, it ranks in the top 33%, placing it comfortably above average. This is one of the property's standout features.
4. Is a 94-year-old home a concern?
The year built (1932) is typical for the street and area. While this means potential for older systems, it also suggests the home has stood the test of time. A thorough inspection is always recommended to understand the condition of the roof, wiring, and plumbing.
5. Who might this property not suit?
Buyers seeking a large, modern, move-in-ready home with ample interior space may find it too small or dated. It’s best suited for those who see value in the lot size, location, and the opportunity to gradually update a character home.