Property Summary: 979 College Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home built in 1921, situated on a notably spacious lot in the Burrows Central neighbourhood. Its primary appeal lies in its balance of a renovated basement and a generous, above-average land area for the local area, offering room for gardening, play, or expansion. While the living space is modest, the detached garage adds practical utility. The property’s assessed value ranks well above average for its immediate street, suggesting it is a solid holding within its specific market context.
It would suit a pragmatic, value-conscious buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who prioritizes land size and a move-in-ready basement over a large interior footprint. The home represents an opportunity to own a character property with outdoor space in an established neighbourhood without a premium city-wide price tag.
Frequently Asked Questions
1. Is the lot size a major advantage?
Yes. At 3,594 sqft, the lot is larger than most in both Burrows Central and on College Avenue itself. This provides more private outdoor space than is typical for the area, which is a significant perk for families or anyone valuing a yard.
2. How does the age of the home (1921) affect it?
While the home is older than the city average, it is typical for its neighbourhood. This means potential charm and mature trees, but buyers should ensure inspections are thorough to understand the condition of original components like wiring and plumbing, despite the basement renovation.
3. The assessed value seems low. What does that indicate?
The assessed value is for municipal tax purposes and is not market value. However, that it ranks in the top 30% on its own street indicates that, compared to its direct neighbours, the property is considered by the assessor to be one of the more valuable holdings on the block.
4. Who might find the living area (907 sqft) too small?
The living area is below average for the street. It would likely feel cramped for a larger family needing multiple bedrooms or dedicated work-from-home spaces. It’s better suited for individuals, couples, or a small family.
5. What can the recent sale history tell us?
The home sold in June 2016 for $21,500, close to its assessed value at the time. This stable, modest price history suggests it functions as affordable housing in this sector of the market, not as a property experiencing rapid speculative appreciation.