466 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 2,120 sqft home on a 2,231 sqft lot, built in 1905, with an assessed value of $169,000. Its standout feature is living space: the house ranks in the top 2% on its street and top 3% in the William Whyte neighbourhood for square footage. In a city where the average comparable home is 1,342 sqft, this property offers significantly more interior room at a below-average assessment.
The land, however, tells a different story. The lot is small—ranking in the bottom 2% on the street and bottom 1% citywide. The year built, 1905, also places it among older homes in every comparison group. These two factors likely explain the relatively low assessed value: $169,000 sits well below the citywide average of $390,100, though it is slightly above the neighbourhood average of $149,100.
The property’s appeal lies in the tension between its generous interior and its compact footprint. Buyers drawn to this home are unlikely to be looking for a large yard or a move-in-ready newer build. Instead, it suits someone who values indoor space—roomy layouts, high ceilings, potential for multiple uses per floor—and is comfortable with the maintenance realities of an older house. It could work well for a first-time buyer wanting more square footage than typical entry-level homes offer, or for someone interested in a renovation project where the interior provides a solid canvas and the low land value keeps the purchase price accessible. The location in William Whyte puts it in a neighbourhood where comparable assessments are low, which may appeal to buyers prioritizing affordability over prestige.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $169,000 is around the average for the neighbourhood, where the typical comparable home is assessed at $149,100. On the street itself, it falls below the average of $227,300. Citywide, it ranks in the bottom 5%, which reflects the older age and small lot size more than the condition of the house.
2. Is this a fixer-upper, or is it move-in ready?
The data only covers size, age, and assessed value, not condition. The 1905 build date suggests systems (plumbing, electrical, insulation) may be original or updated at different times. A home inspection would be essential to determine whether the interior space is functional as-is or needs significant work.
3. What does the small lot mean in practical terms?
With a 2,231 sqft lot—about a third the size of the citywide average—outdoor space is limited. There is likely a small yard or no yard at all. Street parking and proximity to neighbours are factors to consider. For someone who values indoor living and wants minimal exterior upkeep, this could be a positive.
4. Why is the assessed value so low compared to the city average?
Assessments consider age, size, and location. Here, the 1905 construction and very small land area outweigh the benefit of the above-average living space. The neighbourhood also has relatively low comparable values. The result is a price point that makes a large house affordable relative to newer or larger-lot homes elsewhere in Winnipeg.
5. Who typically buys a property like this?
Often, buyers here are looking for more interior space than a typical starter home provides, without paying for land they don’t want. It may suit someone planning to renovate over time, or a buyer who prioritizes square footage and location over a modern finish. It is less likely to appeal to families wanting a large yard or to those seeking a low-maintenance newer build.