Property Overview
993 Burrows Avenue is a compact, one-storey home in Winnipeg's Burrows Central neighbourhood. Built in 1960, it sits on a modest 2,281 sqft lot and features 760 sqft of living space, a renovated basement, and a detached garage. It last sold in July 2021 for $280,000.
Key Characteristics & Appeal
This home presents a practical, low-maintenance footprint. Its primary appeal lies in its renovated basement, which adds functional space, and its position as a relatively newer build compared to many historic homes in the central neighbourhood. The detached garage is a valuable asset in this urban setting.
The property suits first-time buyers or investors looking for an affordable entry into the market with some modern updates already in place. Its smaller scale means lower utility costs and less upkeep. A thoughtful perspective is that while the living area is compact, the renovated basement effectively expands the usable space, making it more functional than the square footage alone suggests. The sale price from 2021 significantly exceeded its assessed value, indicating strong buyer demand for well-positioned, updated homes in the area, even if they are smaller in size.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 2,281 sqft is below average for the street, neighbourhood, and city-wide. This translates to a smaller yard, which aligns with the home's low-maintenance appeal.
2. Is the home older or newer for the area?
Built in 1960, it is considered above average for age in the Burrows Central neighbourhood, where many homes are from the early 1900s. It's a relatively newer structure on a street with older housing stock.
3. What does the assessed value indicate?
The assessed value is around average for Burrows Avenue but above average for the Burrows Central neighbourhood. It's important to note the home sold for $280,000 in 2021, which was significantly higher, showing that market value often differs from the assessed value for tax purposes.
4. Who might this property not suit?
It may not suit buyers looking for ample indoor living space or a large yard, as both the home and lot are compact. Families needing multiple bedrooms or dedicated workspaces might find it too confined without creative use of the basement.
5. What are the immediate neighbours like?
The listing shows several nearby properties on Burrows Avenue and adjacent streets, most built in the early 1900s with similar or slightly larger living areas. This suggests a consistent, established streetscape of modest, older homes.