Property Overview: 354 Burrin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in the Jefferson neighbourhood presents a compelling blend of value and potential. Its key physical characteristics include 900 sqft of living space, a renovated basement, a detached garage, and a standard 5,456 sqft lot. Built in 1953, the home is notably newer than many others on its street and in the wider area.
The primary appeal lies in its strong value proposition within its immediate context. The assessed value is in the top 10% for both Burrin Avenue and the Jefferson area, suggesting it is viewed as a higher-quality asset compared to its closest peers. This, combined with the updated basement, indicates a property that has been maintained and holds its value well locally. However, its living space is below average for the city, framing it as a more compact, efficient footprint.
This property would suit first-time buyers or downsizers seeking an established neighbourhood with a manageable yard and home to maintain. It’s also a sensible fit for value-focused investors or homeowners who prioritize the financial standing of a property within its micro-market over sheer size. A thoughtful perspective is that this home outperforms its direct neighbours in value, which can offer a sense of stability, but buyers should be comfortable with a cozier interior layout compared to newer suburban offerings.
Section 2: Frequently Asked Questions
1. How does the home’s value compare to nearby sales?
Recent sales data shows neighbouring homes on Burrin Avenue sold in the $235k-$265k range in late 2020 and the $215k-$245k range in late 2017. The current assessed value of $342k is significantly higher, reflecting its strong standing within the street's rankings.
2. Is the living space sufficient for a family?
With 900 sqft above grade, the living space is compact. The renovated basement provides additional flexible space, making it more suitable for smaller families, couples, or individuals.
3. What does the "top 10%" assessed value ranking mean for this area?
It means this home’s official assessed value is higher than 90% of comparable properties on Burrin Avenue and in the Jefferson neighbourhood. This often correlates with better condition, updates, or desirable lot features relative to immediate peers.
4. How does the lot size compare?
The lot is just over 5,400 sqft, which is above average for Jefferson and standard for the street. It offers a typical urban yard space for the area.
5. You mention a renovated basement—what does that include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the listing agent to understand the quality and functionality of the added space.