262 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,207 sqft single-family home built in 1909, located on Burrows Avenue in the William Whyte neighbourhood of Winnipeg. The property sits on a 2,727 sqft lot and has an assessed value of $157,000.
Where the appeal lies: The home’s living area is above average for its street (top 26%), meaning it offers more interior space than most nearby properties. That’s the standout feature. The assessed value, however, is well below the street average of $227,000, which suggests the price is tied more to the home’s age and smaller land area than to its size. For buyers who prioritize square footage over lot size or modern finishes, this represents a potential value proposition. The neighbourhood-level data shows the home is roughly average for William Whyte in terms of both value and age, so you’re not buying a glaring outlier—just a house that’s a bit bigger inside than its neighbours, at a price that reflects its older bones.
What type of buyers it would suit: First-time buyers looking for decent interior space without paying a premium for a large yard or a renovated build. Also, buyers who are comfortable with an older home (1909) and are prepared for the maintenance that comes with it. It may not appeal to those wanting a turnkey property or a large lot for gardening or expansion. Investors might see potential if they can add value through updates, but the below-average land area limits redevelopment options.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
On the street, it’s around average—ranked 479 out of 682. But the average assessed value on Burrows Avenue is $227,000, while this home is $157,000, so it’s significantly cheaper than many neighbours. At the city-wide level, it’s well below average (top 96% of lowest values).
2. Is the land large enough for an addition or garage?
At 2,727 sqft, the lot is below average for both the street (3,497 sqft) and the neighbourhood (3,277 sqft). It’s also small compared to the city-wide average of 6,570 sqft. You’d need to check zoning and setbacks, but the space is modest.
3. What’s the risk of buying a home built in 1909?
Homes of this age often have older wiring, plumbing, and possibly lead paint or asbestos. The ranking shows it’s older than 95% of properties city-wide, so expect systems that may need updating. A thorough inspection is essential.
4. How does this property stack up against others in William Whyte?
The living area is top 37% in the neighbourhood, which is solid. Assessed value and year built are both around average for the area. Land area is below average (top 83%). So it’s a reasonably typical home for the neighbourhood, just with a bit more interior space.
5. Does “rank” mean better or worse?
The ranking system uses “top X%” to show how it compares—lower percentage means better rank. For living area, top 26% on the street means it outperforms 74% of nearby homes. For assessed value, top 70% means it’s in the lower 70%—so not a high-value home. These rankings use a median benchmark for comparable homes.