Property Overview: 970 Mountain Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, historic home built in 1934, presenting a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key characteristics include an 800 sqft one-and-a-half storey layout, a full but unrenovated basement, and a detached garage on a 3,583 sqft lot.
The primary appeal lies in its position as an affordable entry point into the housing market. With a historically low sale price and an assessed value significantly below the city average, it represents a low-barrier investment. The lot size is notably larger than many city-wide properties, offering potential for expansion or outdoor space relative to its footprint. It would suit a practical, hands-on buyer—perhaps a first-time homeowner willing to live with its current condition while planning gradual updates, or an investor looking for a rental property with a manageable entry cost. A less obvious perspective is that its "below average" size and assessed value for the city might actually be an advantage for those seeking lower property taxes and utility costs, emphasizing function and affordability over prestige.
Section 2: Frequently Asked Questions
1. What does "one & 1/2 storey" mean for this home?
Typically, this style features a main floor with living areas and a second floor under sloped roofs, creating cozy bedrooms with potentially reduced ceiling height in some areas. It's a classic Winnipeg design from its era.
2. How should I interpret the "below average" rankings for lot and living area?
While the living space is compact, the lot size is actually above average for the immediate Burrows Central neighbourhood. This suggests the property may offer more relative outdoor space than many nearby homes, which could be a priority for some buyers.
3. The basement is noted as "not renovated." What should I expect?
This indicates the basement is in original or functional condition, likely with exposed foundations, basic finishes, and older mechanical systems. It provides usable space for storage or utilities but will require investment for modern living spaces or amenities.
4. Why is there such a large gap between the city-wide average assessed value and this home's value?
This highlights the property's location and modest characteristics. It reflects Winnipeg's broad range of housing markets, where values in central, older neighbourhoods can be substantially lower than the city average, which is lifted by newer, larger suburban homes.
5. What is the significance of the 2019 sale price provided?
That sale gives historical context for the property's market value from five years ago. It is not a current listing price but is useful for understanding trends and the scale of past transactions in the area. Any current sale would be influenced by today's market conditions.