Property Overview: 168 Burrows Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on spacious interior living. Its primary appeal is the generous 1,729 sqft of living area, which ranks in the top 6% of homes on Burrows Avenue and well above averages for both the North Point Douglas neighborhood and the city overall. This makes it a standout for buyers seeking more square footage without a corresponding premium in the assessed value, which is modest for its size at $214k.
The property suits practical buyers who prioritize interior space over lot size or a modern build year. Built in 1907, it is a character home with inherent history, likely appealing to those comfortable with the maintenance and charm of an older structure. While the lot is smaller than most in the area, this can be seen as a manageable outdoor space. Its assessed value is notably higher than the North Point Douglas average, suggesting the home is a substantial asset within its immediate community, yet it remains significantly below the Winnipeg city average, indicating a more accessible price point for the space offered.
Frequently Asked Questions
1. How does the home’s value compare to nearby sales?
It last sold between $200k-$250k in March 2022. Its current assessed value of $214k is around the average for Burrows Avenue but ranks in the top 16% for the North Point Douglas area, where average values are lower.
2. What are the implications of the 1907 build year?
While the home has historical character, it is older than most in the city. Buyers should budget for potential updates and invest in a thorough inspection to understand the condition of major systems like plumbing, wiring, and the foundation.
3. The living area is large, but the lot is small. What does this mean?
The home maximizes its footprint on a 2,701 sqft lot. This means larger indoor living spaces but limited private outdoor space compared to many neighbors. It’s a trade-off that favors interior functionality over extensive yards or expansion potential.
4. Is the assessed value a reliable indicator of the market price?
Assessed values are for tax purposes and can differ from market value. This home’s assessment is above the neighborhood average, reflecting its larger size, but market conditions, recent renovations, and buyer demand will ultimately determine the sale price.
5. How can I get the exact historical sold prices for this property?
The provided data shows price ranges. For fully verified and exact sale figures, you must request a manual lookup via email from the site, as they do not display MLS sold records directly.