74 Burgess Avenue

Property Overview: 74 Burgess Avenue, Fort Richmond, Winnipeg

Key Characteristics & Appeal

This two-storey home at 74 Burgess Avenue is a well-sized property in Winnipeg's Fort Richmond neighbourhood. Built in 1977, it offers 1,840 sqft of living space, which is notably above average for both the immediate street and the wider area. The home features an attached garage and a renovated basement, adding functional living space. The lot is a generous 6,817 sqft, providing ample outdoor space.

Its primary appeal lies in its strong, consistent positioning as an above-average home in key metrics. It's not the largest or newest on the block, but it reliably outperforms typical benchmarks for size and assessed value within its community and across Winnipeg. This suggests a property that has been maintained and offers solid value. The renovated basement is a practical modern update to a late-70s build.

This home would suit buyers looking for a move-in ready family home in a established neighbourhood, who prioritize space and value over a brand-new construction. It’s ideal for someone who appreciates a larger lot and the potential for outdoor living or gardening, while the above-average interior square footage offers room to grow. It represents a balanced choice—offering more space than many city homes without being an outlier on its street.

Frequently Asked Questions

1. How does this home’s size compare to others?
At 1,840 sqft, the living area is in the top 15% for Fort Richmond and top 16% citywide, meaning it is significantly more spacious than the average Winnipeg home.

2. What is the significance of the assessed value?
The assessed value of $48.40k is above average for the area. It’s important to note this is a municipal assessment for tax purposes, not a market valuation, but it indicates the home is considered a higher-value property within its peer group.

3. Has the property increased in value?
Based on available sold price ranges, the home sold for between $35.50k-$38.50k in 2016 and between $44.50k-$47.50k in 2021, suggesting appreciable growth in that five-year period.

4. Is the lot size typical?
The 6,817 sqft lot is above average compared to the Winnipeg city-wide benchmark. On Burgess Avenue and in Fort Richmond, it is very close to the average, meaning it fits right in with the neighbourhood’s character for yard space.

5. The home was built in 1977. What should I consider?
A home of this age likely has undergone updates, like the mentioned basement renovation. Prospective buyers should focus on the condition of major systems (roof, wiring, plumbing, windows) and inquire about the scope and permits for any renovations to understand what modern comforts are already in place.