221 Burrin Avenue

Property Overview

This one-storey home at 221 Burrin Avenue in Winnipeg's Jefferson neighbourhood is a compact, historically grounded property. Its key appeal lies in being an accessible entry point into homeownership, offering a renovated basement and a detached garage on a standard-sized lot. The home is notably smaller in living space (656 sqft) than most comparable properties in the area and city, and it was built in 1923, making it older than the neighbourhood average. Its assessed value is proportionally lower, reflecting these characteristics. This property would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint without a large renovation project, as the basement work is already done. It’s a practical choice for those prioritizing location and land over interior square footage.

Frequently Asked Questions

1. Is this a small house?
Yes. At 656 square feet of living area, it is significantly smaller than the average home in Jefferson (approx. 1,029 sqft) and Winnipeg overall. This makes for efficient, low-maintenance living but requires thoughtful use of space.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or layout. This should be a key point for verification during a viewing to understand the added functional space and quality of the updates.

3. How does the assessed value relate to the likely selling price?
The home is assessed at $24,800k. Recent sold price data (May 2024) shows a range of $24.5k to $27.5k, suggesting the market price is very close to its assessed value, which is uncommon in many markets. This indicates a stable, value-based pricing environment for this property type.

4. What are the implications of the home's age (built 1923)?
As a 103-year-old home, prospective buyers should budget for potential updates to older mechanical systems (like plumbing or wiring) and anticipate character features common to the era. Its age contributes to its below-average ranking compared to area homes.

5. Who might this property not suit?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or those who prefer modern, open-concept layouts. The smaller living area requires a willingness to live compactly or utilize the basement and garage for additional storage and living needs.