612 Burrows Avenue – Property Summary
1. Key Characteristics and Buyer Fit
This is a 946 sqft home built in 1905, sitting on a 2,727 sqft lot in Winnipeg’s William Whyte neighbourhood. Its assessed value is $178,000. The property ranks around average for living space on its street and in the neighbourhood, but below average citywide. The lot size is smaller than typical for the area, and the home is older than most nearby—88% of homes on Burrows Avenue were built more recently. The assessed value, however, stands out at the neighbourhood level: it ranks in the top 27% locally, suggesting the home holds its value relative to newer or larger nearby properties. Citywide, the value is low (top 94%), which reflects the neighbourhood’s more affordable market.
The appeal here is mostly about affordability and location context. For someone who wants to buy into an older, established Winnipeg street without paying a premium for size or a modern build, this property offers a smaller footprint and older character at a below-city-average price. It would suit a first-time buyer, an investor looking for a lower-cost entry in a neighbourhood with potential, or someone who values a compact home and doesn’t mind undertaking updates. It’s less suited for a buyer seeking space, a large yard, or a move-in-ready newer build—those features are not this property’s strengths.
2. Five Possible FAQs
1. How does the assessed value compare to other homes in William Whyte?
The home’s $178,000 assessed value is above the neighbourhood average of $149,100, ranking it in the top 27%. This means it’s worth more than most homes in the immediate area, even though it’s smaller and older than many. That could reflect location, condition, or recent improvements.
2. The house is from 1905—what does that mean practically?
Being 88% older than other homes on the street, you can expect the systems (plumbing, electrical, foundation) may need attention. Older homes often have solid construction but require more maintenance. It’s worth budgeting for upgrades, especially since newer homes in the area are from the 1940s on average.
3. Why is the lot size listed as “below average” while the house size is “around average”?
The lot is 2,727 sqft, smaller than the street average of 3,497 sqft and well below the citywide average of 6,570 sqft. The house itself (946 sqft) is close to the local average, so the yard and outdoor space are tighter than typical. If you value a big garden or off-street parking room, this might feel cramped.
4. Is this property a good investment for rental or resale?
Possible, but with caveats. The low citywide ranking in value and living area means it’s cheaper than most Winnipeg homes, which could help cash flow. However, its age and small lot may limit appreciation unless you renovate. The strong neighbourhood value ranking suggests it’s already priced above local peers, so upside may come from broader area gentrification rather than the property itself.
5. How do the rankings work, and what does “same street” vs “citywide” mean?
The rankings compare this home to others in three scopes: the same street (Burrows Avenue), the same neighbourhood (William Whyte), and all of Winnipeg. A higher rank (e.g., top 27%) means it outperforms that percentage of comparable homes in that category. “Same street” gives the most local context, while “citywide” shows how it stacks against the entire city. The bars roughly show how many peers you beat—full color means you outperform most.