Property Overview: 129 Burrows Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Burrows Avenue in North Point Douglas presents a distinct profile defined by contrasts. Its key characteristic is a generous living space of 1,252 sq ft, which is notably above average for both the street and the immediate area. This spaciousness is housed within a 1907-built structure, making it a historic property with the inherent charm and potential challenges of its era.
The primary appeal lies in its value proposition. With an assessed value significantly below city and area averages, it represents an accessible entry point into homeownership, particularly for a house of its size. This combination of lower cost and above-average interior space creates a unique opportunity. The property suits practical, value-focused buyers such as first-time homeowners willing to take on a potential renovation project, investors looking for a rental property with a manageable entry cost, or those who prioritize interior square footage over a large yard, as the lot size is compact.
A thoughtful perspective is that this property’s below-average metrics (lot size, assessed value, age) are precisely what make it available. It’s a canvas. The appeal isn't in its current condition or land, but in the potential contained within its historic walls and the financial room its valuation allows for customization.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than averages?
Assessed value is for municipal tax purposes and is influenced by many factors, including age, condition, lot size, and recent sales in the area. A lower assessment often reflects the property's older age and compact lot, but it does not necessarily dictate market price.
2. What should I consider with a home built in 1907?
While offering character, a home of this age likely requires a thorough inspection. Potential considerations include the condition of the foundation, plumbing, electrical systems (e.g., knob-and-tube wiring), and insulation. Budgeting for updates and maintenance is essential.
3. The living area is large, but the lot is small. What does this mean for me?
This layout maximizes the home's footprint on the property. It means less exterior maintenance and yard work, but limited private outdoor space. It’s ideal if you value indoor living area over a large garden.
4. How reliable are the sold price comparisons shown?
The site notes this data is from public sources, not the MLS, and is presented in broad price bands. For fully verified and exact historical sale figures, you must request a manual lookup from the provider, as industry rules prevent displaying MLS records here.
5. What is the neighbourhood like?
North Point Douglas is a central, historic neighbourhood. As with any urban area, it's advisable to research community dynamics, visit at different times of day, and look into future development plans to ensure it fits your lifestyle.