Property Overview
450 Burrin Avenue is a well-positioned one-storey home in Winnipeg's Jefferson area. Its key appeal lies in offering above-average space and a modernized foundation within a neighborhood context of older, typically smaller homes. Built in 1956, the house features 1,353 sqft of living area, a renovated basement, and a detached garage on a 5,685 sqft lot.
The home’s standout characteristic is its value proposition within its immediate area. Data shows it ranks in the top 7% for living area and an elite top 2-4% for assessed value and year built on its own street. This suggests it is a larger, more recently built, and higher-valued property compared to most of its direct neighbors, offering a sense of relative modernity and space. The renovated basement adds functional living space, a valuable asset in a one-storey layout.
This property would suit practical buyers looking for single-level living with room to grow, whether that's a young family needing the basement rec room or someone seeking a main-floor primary bedroom. It’s also a compelling option for value-conscious investors or homeowners who recognize the advantage of owning one of the more substantial homes on a block, which can often provide a buffer in shifting markets.
Frequently Asked Questions
1. What does the assessed value ranking actually mean?
The "Elite" top 2% ranking for assessed value on Burrin Avenue indicates this home is officially valued much higher than nearly all neighboring homes. This typically reflects a combination of its larger size, more recent year of build, and renovations. It doesn't directly predict sale price, but it signals this is a premium property on its street.
2. Is the basement a legal suite?
The listing specifies a "renovated" basement but does not state it is a legal secondary suite. Buyers should verify its current configuration and compliance with local zoning and licensing regulations if rental income is a goal.
3. The home sold recently in 2023 and 2020. What does that indicate?
The recent sales history suggests a property that has been well-maintained and in demand, but it may also indicate a flip or short-term ownership. Requesting the exact sale prices (offered by the site) can help determine if values have been appreciating steadily.
4. How does the "newer" 1956 build year compare?
While 1956 isn't new, it is significantly newer than the neighborhood average of 1944-1948. This can mean updates to original construction methods and potentially fewer concerns with very old plumbing, wiring, or foundations common in pre-war homes.
5. What are the implications of the detached garage?
A detached garage offers flexibility (e.g., for a workshop) and can reduce noise transfer to the house. However, it requires going outdoors in Winnipeg winters. Consider the walkway condition and if the garage is insulated or heated.