388 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,232-square-foot home built in 1912 on a 2,728-square-foot lot, located in Winnipeg’s William Whyte neighbourhood. Its standout feature is value relative to the local area: the assessed value of $215,000 ranks in the top 12% of the neighbourhood, while the neighbourhood average is around $149,000. In other words, the home is valued significantly higher than most nearby properties, even though its living area and lot size are close to, or slightly below, local averages. Citywide, the assessed value is well below average (top 90%, with a citywide average of $390,000), so the price point remains relatively accessible by Winnipeg standards.
The property’s appeal is in that mismatch: you get a home that appraises above the local baseline without stretching into higher citywide price brackets. The living area is slightly above the street average and close to the neighbourhood average, but the lot is on the smaller side—roughly 800 square feet less than the street average and well below the citywide typical lot size. The older build (1912) may appeal to buyers who appreciate character or are comfortable with older-home maintenance realities.
This property would suit a buyer who wants an above-average asset within a more affordable Winnipeg neighbourhood, rather than seeking the largest possible house or lot. It’s a reasonable fit for someone who values local value over absolute square footage or land size, and who is not put off by a century-old structure. Investors or first-time buyers looking for a property with a valuation edge over its immediate neighbours may find it particularly interesting.
Five Possible FAQs
1. How does the assessed value compare to similar homes on the street and across the city?
On the street, the assessed value of $215,000 is around average (ranked 345 out of 682). In the William Whyte neighbourhood, it’s well above average—ranked in the top 12%. Citywide, it falls below the average, ranking in the top 90% of comparable homes.
2. Is the living space bigger or smaller than typical homes nearby?
The 1,232-square-foot living area is above the street average (1,116 sqft) and on par with the neighbourhood average (1,158 sqft). Citywide, it’s below the average of 1,342 sqft, ranking in the top 47%.
3. What’s the lot size like, and how does it compare?
At 2,728 square feet, the land area is close to the street and neighbourhood averages (both around 3,200–3,500 sqft), ranking in the lower portion within the neighbourhood. It is well below the citywide average of 6,570 sqft.
4. When was the house built, and is that typical for the area?
The home was built in 1912. That is roughly similar to other houses in the neighbourhood (average build year 1927) and on the street (average 1944). Citywide, the average is 1966, so this is an older home by Winnipeg standards.
5. What kind of buyer would get the most value from this property?
A buyer who prioritises a higher-than-neighbourhood assessed value and a reasonable price point over a large lot or newer construction. It may also suit someone who values being above the street average for living area without paying for a bigger citywide package. Its age and lot size could be a consideration for those planning renovations or additions.