305 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 952-square-foot home built in 1910, sitting on a 3,266-square-foot lot in the William Whyte neighbourhood of Winnipeg. Its standout feature is affordability. The assessed value of $101,000 ranks well below average on the street (top 95%), in the neighbourhood (top 78%), and citywide (top 99%). This places it firmly in entry-level territory—potentially one of the more accessible options in the area.
The living space and land area are modest, but not dramatically out of step with the immediate surroundings. On Burrows Avenue, the home is about average for both, ranking in the top 45–64%. The land is similar in size to neighbouring lots, so there’s no awkward mismatch. The trade-off is age: built in 1910, it’s older than most citywide and older than most on its street, though it falls within a typical range for the neighbourhood itself.
This property suits a buyer who is comfortable with an older home and prioritizes a low entry price over modern finishes or square footage. It could also appeal to someone looking for a lot with potential in a more affordable segment of the city, or an investor seeking a lower-cost entry into the neighbourhood. It is not designed for someone seeking move-in-ready convenience or a home that ranks well against city averages in size or value.
Possible Questions & Answers
1. How does the assessed value compare to the likely sale price?
The assessed value of $101,000 is a starting point, but sale prices in the area can vary. In a neighbourhood like William Whyte, market conditions, renovation needs, and recent sales of comparable homes will matter more than the assessment alone. It's best to look at active listings and recent sales on Burrows Avenue for a realistic range.
2. What should I know about a home built in 1910?
An older home often means different construction methods, materials, and potential issues like outdated wiring, plumbing, or insulation. It's not inherently a problem, but a thorough home inspection is essential. Some buyers prefer older homes for their character, solid framing, or larger lots, but maintenance history matters a lot here.
3. Is the living area considered small for the neighbourhood?
Not particularly. The 952 square feet is slightly below the street average of 1,116 and the neighbourhood average of 1,158, but only by a modest margin. It ranks in the top 64% on the street and top 67% in the area, meaning many nearby homes are of similar size. It feels more compact compared to citywide averages, but that is common for the area.
4. What is the land like, and could I expand the house?
The 3,266-square-foot lot is close to the neighbourhood average and larger than many city lots. Whether you can expand depends on zoning, setback rules, and the condition of the existing structure. Given the lot size, there may be room for an addition or a garage, but you would need to check with the city for specific allowances on this property.
5. How does this property rank for someone comparing value in Winnipeg?
It ranks very well for affordability at the street, neighbourhood, and city levels—this is the property's strongest point. It ranks below average for living area, age, and land size when compared citywide, so it is not a strong candidate if you want a home that measures up to citywide medians. For buyers focused on budget and location within William Whyte, the value is competitive.