542 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,213 sqft home built in 1931 sits on a 2,463 sqft lot in Winnipeg’s William Whyte neighbourhood. Its living area is above average for the street (top 26%) but roughly average for the city overall. The assessed value of $171,000 is notably below the citywide average of $390,100, though it ranks above average within the immediate neighbourhood (top 30%), where typical values are around $149,100. The land area is relatively small—well below average at every level, especially citywide.
The appeal here is pragmatic. You’re getting a home with decent interior space for a modest price, in an area where the assessed value suggests reasonable affordability compared to the rest of Winnipeg. The small lot might suit buyers who prefer less yard maintenance or are interested in a more compact, walkable urban footprint. It wouldn’t suit someone looking for a large property or a newer build. The home’s age (1931) means it likely has character, but also may need updates—so a buyer comfortable with an older home and potential renovation work would be the natural fit. Investors or first-time buyers looking for entry-level pricing in a neighbourhood with above-average value relative to its immediate surroundings could also find this interesting.
Five Possible FAQs
1. Is the assessed value a reliable indicator of the market price?
Not exactly. The assessed value ($171,000) is a baseline used for property taxes, not a guarantee of sale price. It’s useful for comparing relative value within a neighbourhood, but market offers can vary significantly depending on condition, demand, and recent sales.
2. How much yard space does this property actually have?
The land area is 2,463 sqft. That’s smaller than typical for the street (3,497 sqft average) and much smaller than the citywide average (6,570 sqft). If you want a large garden or room for expansion, this may feel tight. But for lower upkeep and a more urban feel, it could work well.
3. What does “top 26%” for living area really mean?
It means that on this street, 74% of comparable homes have less living space than this one. But keep in mind the street average is 1,116 sqft, so this home is only about 100 sqft above that. The ranking sounds more dramatic than the actual difference.
4. Why is the year built considered “below average” citywide?
The home was built in 1931. Citywide, the average year built for comparable homes is 1966—so this is 35 years older. That’s not necessarily bad, but buyers should budget for older systems (plumbing, electrical, insulation) unless they’ve already been updated.
5. What kind of neighbourhood is William Whyte?
It’s an older, inner-city Winnipeg neighbourhood with a mix of character homes and some redevelopment. The assessed values here are lower than the city average, which can signal lower entry costs but also varying levels of upkeep and investment. It’s worth visiting the area in person and checking recent sales to get a real feel for the block.