Property Overview
This one-storey home at 449 Burrin Avenue in Winnipeg's Jefferson neighbourhood presents a compelling mix of space, value, and potential. Its key appeal lies in a substantial 7,345 sqft lot, which ranks in the top 2% locally, offering rare outdoor space for the area. The 1,005 sqft living area is typical for the immediate vicinity, and the home benefits from a renovated basement. Built in 1954, it is notably newer than many neighbouring houses. The assessed value is well above the local average, suggesting solid investment in the property or the area.
This property would suit a practical buyer looking for a manageable single-level layout with ample yard space for gardening, children, or future expansion. It's also a strong candidate for someone valuing a home that stands out in its immediate community for lot size and relative modernity, while still being a character home. The detached garage adds functional storage or workshop space.
Frequently Asked Questions
What does the "above average" assessed value mean?
It indicates the municipal assessment is higher than most comparable homes on the street and in Jefferson. This often reflects improvements (like the renovated basement) or desirable attributes, but it's important to distinguish this from market value, which is determined by buyers.
How significant is the lot size?
Very. The lot is exceptionally large for Jefferson. This not only provides more private outdoor space but also represents a long-term asset, as land of this size is uncommon in established neighbourhoods and can be a key factor in the property's value.
Is the living space small compared to the city average?
Yes, at 1,005 sqft it is below the Winnipeg average. However, it is perfectly aligned with the average for the Jefferson area, indicating this is a standard home size for this community, which often features more compact, efficient layouts.
What can the recent sold price range tell me?
The late 2024 sale in the $32.5k-$35.5k range provides a recent benchmark. Comparing this to the current assessed value of $34.5k shows the assessment is closely aligned with very recent market activity, which is relatively uncommon.
Why is the year built (1954) considered "above average" here?
In an older neighbourhood like Jefferson, many homes were built earlier in the 20th century. A 1954 build date means this home is likely newer than many around it, which can suggest updated construction methods, materials, or potentially less concern for some aging-infrastructure issues common in much older homes.