Property Overview: 174 Burrows Avenue, North Point Douglas, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition centered on spacious living in an evolving neighborhood. Its most standout feature is its generous 1,920 sqft of living area, which ranks in the top 4% of homes on Burrows Avenue and well above averages for both the immediate area and the wider city. This significant interior space is housed in a 1960-built structure, offering a more modern layout than many area homes while still carrying potential for updates.
The appeal lies in this balance of size and value. With an assessed value of $260,000, it is considered an "Elite" value for North Point Douglas, ranking in the top 4% of the neighborhood. This suggests you are acquiring well-above-average square footage for the area's typical price point. The lot, at 2,863 sqft, is more compact compared to city-wide averages but is typical for the local, more urban setting.
This property would suit practical buyers looking to maximize their living space per dollar, particularly those comfortable with or interested in the North Point Douglas community. It’s a fit for owner-occupants seeking a sizable canvas for renovations or investors recognizing the value disparity between its interior space and its lot-centric assessment.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home sold between $200,000-$250,000 in October 2023. Its current $260,000 assessment is higher than that sale price but ranks very favorably within the neighborhood, indicating it is assessed in line with higher-valued properties in North Point Douglas.
2. Is the living space unusually large for the area?
Yes. The home's living area is 1,920 sqft, which is substantially larger than the average home on its street (~1,116 sqft) and in the broader neighborhood (~1,321 sqft). This is its most distinguishing physical characteristic.
3. What does the "Elite" assessment ranking mean for this neighborhood?
Ranking in the top 4% for assessed value in North Point Douglas means this property is valued among the most expensive in the area. However, because it simultaneously offers much more living space than average, it represents a different type of property—one where the value is tied more to the building's size than the land.
4. How does the lot size impact potential or value?
The 2,863 sqft lot is below average for both the neighborhood and the city. This likely means a smaller yard and less room for expansive outdoor additions or parking. The value here is primarily in the enclosed living space, not the land.
5. Where can I get verified historical sale data?
The site notes that exact sold prices require a manual lookup due to industry data rules. You can request the exact sale history directly from them via email for verified figures, as the publicly displayed data is an estimate.