Property Overview: 341 Burrin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Burrin Avenue in the Jefferson neighbourhood presents a practical and value-conscious opportunity. Its key characteristics include 1,266 sqft of living space, a renovated basement, a detached garage, and a 5,618 sqft lot. Built in 1952, the home sits comfortably above average for size within its immediate area and Jefferson neighbourhood, offering more interior space than many comparable local properties.
The primary appeal lies in its strong value proposition and established community setting. The recent sale price suggests it transacts at a point notably below the wider Winnipeg average, making it an accessible entry into the market. The above-average lot size for Jefferson provides good outdoor space and potential. It would suit first-time buyers seeking a solid starter home with room to grow, or value-focused investors looking for a rental property in a stable neighbourhood. A thoughtful perspective is that while the home’s assessed value is modest citywide, its competitive size within a localized context means you are acquiring more house for your dollar in this specific area, a nuance that simple city-wide comparisons can miss.
Section 2: Frequently Asked Questions
1. How does the home’s size compare locally?
At 1,266 sqft, the living area ranks in the top 14% on its own street and top 17% within the broader Jefferson neighbourhood, meaning it is genuinely larger than many homes in the immediate area.
2. What is the significance of the assessed value being lower than the city average?
The assessed value is used for calculating property taxes. A value below the city-wide average typically correlates with lower annual property tax bills, which is a key ongoing cost savings for the homeowner.
3. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. A buyer should verify its current configuration and compliance with local bylaws if considering rental income potential.
4. What can the recent sale price range tell me?
The reported sale price range from June 2024 provides a direct, recent benchmark of the home’s market value, which is more current and often more relevant than its government assessed value for taxation purposes.
5. How does the lot size benefit this property?
The lot is over 5,600 sqft, which ranks in the top 20% for the Jefferson neighbourhood. This provides ample yard space, better privacy from neighbours, and greater flexibility for gardening, recreation, or future expansions like a shed or deck.