Property Overview: 284 Burrin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard-sized lot in Jefferson presents a straightforward and efficient living space. Its primary appeal lies in its strong financial fundamentals within its immediate area. The assessed value is notably high for both Burrin Avenue and the wider Jefferson neighbourhood, ranking in the top 5%, which suggests the property is viewed favorably compared to its local peers. The living area is practical at 932 sq ft and is complemented by a renovated basement, adding functional space. A detached garage offers additional storage or workshop potential.
The home suits pragmatic buyers looking for value and stability in a well-established neighbourhood. It’s ideal for a first-time homeowner who prioritizes a solid investment in a modest-sized home, or for a downsizer seeking a manageable property without major deferred maintenance, given the renovated basement. A less obvious perspective is that its strong local assessment, against a more average city-wide ranking, highlights a property that outperforms in its specific market—a sign of a good entry point in a neighbourhood that may be undervalued by broader city metrics.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in July 2021 for an estimated $31.5k-$34.5k. Its current assessed value of $36.3k is higher, indicating a likely increase in its municipal valuation since that last sale.
2. Is the living space smaller than average?
At 932 sq ft, it is slightly below the Winnipeg city-wide average for living area. However, it is very much on par with the average home size within both the Jefferson neighbourhood and on Burrin Avenue itself, making it a typical home for this specific area.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finishes. This is a key detail to clarify with the seller or listing agent to understand the quality of the renovation and its permitted uses.
4. How old is the home, and what might that mean for maintenance?
Built in 1953, the home is 73 years old. This is newer than many homes on its street and in Jefferson, but prospective buyers should still budget for and investigate the age and condition of major systems like the roof, plumbing, and electrical.
5. Why is the assessed value ranking so much stronger locally than city-wide?
The assessment ranks in the top 5% locally but near the median (49%) city-wide. This typically reflects a property that is a higher-quality asset within its more affordable neighbourhood context, rather than a top-tier property across the entire city. It underscores the importance of comparing homes within their specific market area.