Property Overview: 500 Burrin Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home on a standard-sized lot in Jefferson presents a solid, move-in-ready opportunity. Its primary appeal lies in its balance of above-average condition and valuation within its immediate area. The home features a renovated basement, adding functional living space to its 1,050 sqft layout, and includes a detached garage. Built in 1954, it is notably newer than many neighboring homes, which often translates to fewer concerns about the age of core components.
The data suggests a property that stands out locally. Its assessed value ranks in the top 20% on its street and in the Jefferson area, indicating it is perceived as a higher-quality asset compared to its direct peers. This, combined with the renovated basement, makes it a practical choice for buyers seeking a home that requires no immediate major projects. It would suit first-time buyers, downsizers looking for single-level living, or investors seeking a stable, updated property in a mature neighborhood. A less obvious perspective is that its "above-average for the area" status could offer a degree of insulation from market fluctuations, appealing to the cautious buyer.
Section 2: Frequently Asked Questions
1. Is the sold price history provided exact?
No, the listed sold prices are estimated ranges from public data. You can request the exact sale price by emailing the site; they provide this as a manual service without marketing spam.
2. How does this home compare in size to others?
At 1,050 sqft, the living area is very close to the average for both Burrin Avenue and the wider Jefferson area, but is smaller than the city-wide average home.
3. What does the "above average" assessed value ranking mean?
It means this home's official assessed value is higher than most similar homes on its street and in Jefferson. This often reflects factors like updates, condition, or lot desirability relative to the local market.
4. Are there any concerns with a 1954 build?
While not new, a 1954 build is considered newer than many homes in this specific area. This can be an advantage, but a professional inspection is always recommended to review the state of the roof, wiring, and plumbing for a home of this age.
5. What is the significance of the renovated basement?
A renovated basement adds valuable finished living space, which is a key functional upgrade. It suggests the property is more turnkey than a home with an unfinished or dated basement, contributing to its above-average assessment.