571 Burrows Avenue

Property Summary: 571 Burrows Avenue, Winnipeg

Section 1: Overview & Appeal

This property at 571 Burrows Avenue in the William Whyte neighbourhood presents a unique opportunity defined by its land value and potential. Its key characteristic is a sizable 3,268 sqft lot, which ranks within the top 40% for size on its street and top 16% city-wide, offering a substantial footprint in an established central area. The primary appeal lies in its very low municipal assessed value ($6,900), which is among the lowest in Winnipeg. This suggests the current structure adds minimal value, positioning the property as a prime candidate for land value speculation, redevelopment, or a significant renovation project.

It would best suit a specific type of buyer: investors or builders looking for a central lot with redevelopment potential, or hands-on purchasers seeking an extremely low entry point into the market with the vision and capital for a total rebuild or major overhaul. A less obvious perspective is its potential for multi-unit or mixed-use development, subject to zoning, given the lot size in this location. It is not suited for buyers seeking a move-in ready home.

Section 2: Frequently Asked Questions

1. Why is the assessed value so low?
The assessed value is typically based on both land and building value. A value this low strongly indicates the city assessor places little value on the existing structure, likely due to its age, condition, or both.

2. What can I build on the lot?
You would need to verify the current zoning with the City of Winnipeg. The lot's generous size could allow for various possibilities, from a single-family home replacement to multi-unit dwellings, but this is entirely dependent on zoning bylaws.

3. What is the neighbourhood like?
William Whyte is a historic, central neighbourhood. Prospective buyers should personally research the area, visit at different times, and review community plans to gauge its fit for their goals.

4. Are the utilities active and connected?
This is a critical due diligence question for a property of this nature. It is essential to confirm the status of water, sewer, gas, and electrical connections, as reactivation or new connections can be a significant cost.

5. How does this compare to nearby properties?
The listing shows comparable nearby assessed values, but they vary widely. Properties like 639 Manitoba Ave ($17,500 assessment) suggest higher-valued improvements, while others like 495 Aberdeen Ave ($5,700) are similar. This highlights that value here is highly specific to each property's condition.