Property Overview
This 866 sqft bungalow at 61 Burland Avenue in Winnipeg's River Park South neighborhood presents a practical entry point into homeownership. Built in 1984, it sits on a standard 4,110 sqft lot and carries a municipal assessed value of $365,000. The home's key characteristic is its compact size, which places it below the neighborhood and city averages for living space. However, its assessed value is competitive, sitting close to the averages for its immediate street and the wider city.
The primary appeal lies in its efficiency and affordability within a stable, established area. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property without the premium price tag of larger homes in the area. A thoughtful perspective is that its smaller scale can mean lower utility costs, less upkeep, and a cozier footprint, which aligns well with minimalist or budget-conscious lifestyles. While it doesn't offer the space of a typical suburban home, its value positioning makes it a straightforward, no-frills option in a mature community.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 866 sqft, the living area is notably smaller than most homes in River Park South, where the neighborhood average is 1,410 sqft. On its own street, it ranks in the bottom 10% for size.
2. Is the assessed value a good indicator of the market price?
The assessed value of $365,000 is a municipal calculation for tax purposes and is not a market appraisal. It sits around the average for the street and city, suggesting it's in a typical value range, but a current market evaluation is essential for pricing.
3. What is the history of sold prices for this property?
Public records show it sold in 2016 and 2019, with sold prices in the $250k-$300k and $300k-$350k ranges, respectively. For verified, exact historical sale figures, you must request them directly from the site via email.
4. What are the potential advantages of a smaller home like this?
Beyond the lower purchase price, potential advantages include reduced property taxes (linked to value), cheaper heating and cooling bills, less time and money spent on maintenance and cleaning, and a smaller environmental footprint.
5. How does the lot size compare, and what does that mean for outdoor space?
The 4,110 sqft lot is slightly below the street average and more compact than many city lots. This means a manageable yard for upkeep but may limit possibilities for large additions, decks, or extensive landscaping compared to properties with larger lots.