Property Overview: 458 Burrin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on a standard 5,330 sqft lot presents a straightforward, practical opportunity in the Jefferson area. Its key appeal lies in its relative modernity compared to its immediate neighbors. Built in 1955, it is notably newer than many homes on Burrin Avenue and in the wider Jefferson area, which may suggest fewer concerns related to the age of core components like wiring or plumbing found in much older stock.
With 1,056 sqft of living space and an unrenovated basement, the property is a functional blank canvas. Its assessed value is modest and in line with the local area, indicating an accessible entry point into the market. The detached garage adds practical storage or workshop space.
This home would best suit a first-time buyer, an investor, or a hands-on owner looking for a solid foundation. It’s for someone who values a home that is newer than its surroundings and sees potential in a basement finish or cosmetic updates over time, rather than someone seeking immediate move-in perfection or premium city-wide square footage.
Section 2: Frequently Asked Questions
1. How does the age of this home (1955) compare to others nearby?
It is significantly newer than the average home on its street and in the Jefferson area, ranking in the top 7% and 14% for year built, respectively. This is a distinct advantage in a neighborhood with many homes built in the 1940s.
2. Is the living space large for the area?
At 1,056 sqft, it is slightly above the average for both Burrin Avenue and the Jefferson area, offering a bit more space than many immediate comparable homes.
3. What does the sold price history indicate?
The home sold in July 2023 for an estimated $29.5K - $32.5K. This recent sale provides a clear, current benchmark for its market value, showing it transacts close to its assessed value.
4. What is the potential downside of the "unrenovated basement"?
While it offers expansion potential, an unrenovated basement may require addressing foundational moisture proofing, insulation, and legal egress before it can be finished as comfortable living space, which involves additional investment.
5. How does its value compare to the whole city?
City-wide, its assessed value is below average (top 76%), confirming it is a modestly valued property. This highlights its role as an affordable option within Winnipeg, though its living space is also smaller than the city-wide average.