Property Overview: 165 Burrows Avenue, Winnipeg
Key Characteristics & Appeal
This home in North Point Douglas presents a distinct profile defined by its spacious interior and historical roots. Built in 1905, it offers 1,649 sqft of living space, which is notably larger than most homes on its street, in the neighbourhood, and across Winnipeg. This generous floor plan is its primary asset, providing room that is hard to find at its assessed value point.
The appeal lies in this value-for-space proposition. While the home's age and lot size (3,003 sqft) are typical or below average for the immediate area, its assessed value of $190k is positioned above the neighbourhood average but significantly below the city-wide average. This creates an opportunity: you acquire a home with above-average interior space in the context of North Point Douglas, at a price that is far more accessible than the Winnipeg norm. The most recent sale (April 2023) fell within the $150k-$200k range, aligning with this assessment.
This property would best suit a practical buyer who prioritizes interior space over a large yard or modern construction. It's a fit for someone comfortable with the character and potential maintenance considerations of a 121-year-old home, and who sees value in a established, central neighbourhood. It's less suited for those seeking a new build, a sprawling lot, or a property at the very top of market comparables.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($190k) is a municipal valuation for tax purposes, not a market appraisal. However, the previous sold price (2023) falling within the $150k-$200k range suggests the assessment is in a reasonable ballpark. Market conditions and the home's specific condition will ultimately determine the price.
2. How significant is the larger-than-average living space?
It's a major feature. With 1,649 sqft, this home ranks in the top 9% on its street for size. For buyers needing multiple bedrooms, a home office, or simply more room, it offers a footprint that is increasingly rare and expensive to find in newer builds, especially at this price point.
3. What should I consider with a home built in 1905?
While full of character, a home of this age requires careful attention. Prospective buyers should budget for and prioritize inspections for foundational integrity, wiring, plumbing, and insulation. The charm comes with the responsibility of ongoing upkeep and potential updates to meet modern standards.
4. How does the lot size impact the property?
At 3,003 sqft, the lot is modest, particularly compared to the city-wide average. This means smaller outdoor space for gardening or recreation. However, it can also mean less yard maintenance. The value here is clearly weighted toward the interior space of the house itself.
5. The data shows the assessed value is "below average" city-wide. Is that a bad sign?
Not necessarily. This primarily reflects Winnipeg's vast diversity in housing markets. A $190k assessment is below the city average because it excludes many higher-priced suburban and newer areas. In the context of North Point Douglas, the assessment is actually above average, indicating the property is a stronger performer within its own neighbourhood market.