Property Overview: 237 Burrin Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home on Burrin Avenue is a classic Winnipeg property that presents a straightforward opportunity. Built in 1912, it offers 935 square feet of living space with a detached garage and an unrenovated basement. The lot is a manageable 4,283 square feet. Its most defining characteristic is its value positioning: the assessed value is consistently below average for the street, neighborhood, and city, a pattern reflected in its recent sale history. This isn't a modernized showhome, but rather a grounded entry point into the market.
The appeal lies in its affordability and potential. It suits a practical buyer—perhaps a first-time homeowner comfortable with a property that may require updates over time, or an investor looking for a rental property with a lower entry cost. A thoughtful perspective is that while its living space is modest city-wide, it is quite typical for its immediate Jefferson area, offering a functional layout without the premium for excess square footage. The very fact that it's one of the older homes on the street speaks to its durability and could appeal to someone appreciating the character of a well-established neighborhood.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's specific attributes—including its age, size, and condition—relative to similar homes. For this older, modestly sized home in its area, the assessment aligns with local market norms, not the city-wide average which includes newer and larger homes.
2. What does "Top 92%" for Year Built mean?
This statistic means the home is older than 92% of comparable properties on its street. In simpler terms, it's one of the oldest houses in the immediate area, which is a factor considered in its valuation.
3. Has the property's value increased?
Based on the available sale price ranges, the property sold for approximately $13.5k–$16.5k in 2017, $21.5k–$24.5k in 2021, and $23.5k–$26.5k in 2024. This indicates a trend of increasing value over this period.
4. Is the basement usable?
The listing notes the basement exists but is "not renovated." It provides extra space but will likely require work to finish for comfortable living or recreational use.
5. How does the lot size compare?
At 4,283 sq. ft., the lot is below average for Burrin Avenue but is around the average size for both the Jefferson neighborhood and the city overall. It offers a standard urban yard space.