432 Burrows Avenue – Property Summary
Key Characteristics & Buyer Fit
This is a 1905-built home with 864 square feet of living space and a 2,727-square-foot lot, located on Burrows Avenue in the William Whyte neighbourhood of Winnipeg. Across every measurable category—living area, land size, assessed value, and year built—the property ranks below average when compared to similar homes on its street, in its neighbourhood, and citywide.
Its appeal is largely tied to its assessed value of $61,000, which ranks dead last on the street and near the bottom in the city. This is a property that makes sense for someone whose priority is low entry cost rather than space, condition, or resale comparables. It would suit buyers who are comfortable with a smaller footprint and older construction, or those looking for a hands-on project in a neighbourhood where land itself carries modest valuations. It is not a property that competes on square footage or finish—it competes on price point alone.
Five Possible FAQs
1. How does the assessed value of $61,000 compare to other homes nearby?
It is the lowest assessed property on Burrows Avenue out of 682 homes, and in the bottom 1% citywide. The street average is $227,300, and the William Whyte neighbourhood average is $149,100.
2. Is the living area unusually small for this type of home?
Yes. At 864 square feet, it falls well below the street average of 1,116 square feet, the neighbourhood average of 1,158 square feet, and the citywide average of 1,342 square feet for comparable homes.
3. What does the year built (1905) mean in practical terms?
The home is older than roughly 88% of homes on its street, 75% in the neighbourhood, and 98% citywide. This can mean higher maintenance demands, less efficient insulation or systems, and potential challenges with insurance and financing depending on updates.
4. How does the lot size affect the property’s value?
The 2,727-square-foot lot is smaller than the street average (3,497 sqft) and well under the citywide average (6,570 sqft). In a neighbourhood where land area can influence development potential or resale, this lot is on the tighter side.
5. Who typically buys a property like this?
Buyers who are budget-constrained and focused on entry price rather than space or comparables. It may also appeal to investors looking for a low-cost acquisition in an area with modest land values, though the small lot and old construction limit upside without significant renovation.