299 Burrin Avenue

Property Overview: 299 Burrin Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home on a standard 5,220 sqft lot in Jefferson presents a straightforward, no-frills opportunity. Built in 1954, it is notably newer than many of its immediate neighbors, which may suggest fewer issues associated with very old construction. With 958 sqft of living space and a detached garage, it fits the profile of a classic, modest-sized Winnipeg home.

Its primary appeal lies in its position as an accessible entry point into the market. The assessed value is significantly below averages for the street, neighborhood, and city, indicating a potentially lower price point. This isn't a luxury property, but a practical one. It would suit first-time buyers seeking a foothold, investors looking for a rental property, or downsizers wanting a manageable, single-level layout without a basement. A thoughtful perspective is that its "below-average" metrics might represent a chance to add value through updates, rather than paying a premium for a home that's already been modernized.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
The assessed value is a municipal valuation for tax purposes, not a market price. Its lower assessment primarily reflects the home's modest size and likely simpler finishes compared to the city-wide average home, which is larger and newer. It results in lower property taxes, which is a tangible financial benefit.

2. How does the lack of a basement affect this property?
It means no basement laundry, storage, or potential for a secondary suite. This limits utility and storage space, making efficient use of the main floor and garage more important. However, it also eliminates concerns about basement flooding, moisture, and the cost of finishing a below-ground area.

3. The home sold in early 2020. What does that recent sale history indicate?
A sale within the last five years provides a relevant, recent market price point (in the $19.5k-$22.5k range, per the data) for comparison. It suggests the current owners have not held the property for a very long time, which could be neutral or prompt questions about their reason for selling.

4. Is the 1954 build date an advantage?
In this context, yes. While not new, it is decades newer than the average home on Burrin Avenue (avg. 1944) and in Jefferson (avg. 1948). This could mean newer wiring, plumbing, or structural components than many nearby homes, potentially reducing immediate repair concerns.

5. What should I consider about the lot size?
At just over 5,000 sqft, the lot is average for the street but smaller than the city-wide average. This means smaller outdoor maintenance, which is a plus for some, but less privacy and space for large additions or gardens. The detached garage will also use a portion of this space.