678 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s William Whyte neighbourhood, built in 1912. At 792 square feet of living space on a 2,463-square-foot lot, it’s notably smaller than the average home on its street, in its area, and across the city. The assessed value of $123,000 reflects this—it’s well below the street average of $227,300 and the citywide average of $390,100, though it sits close to the neighbourhood average of $149,100.
The appeal here is straightforward: this is an entry-level property at a price point that undercuts most of the market. It’s not a home for someone looking for space or a large yard. But for a buyer who values affordability over square footage, it offers a foothold in a neighbourhood where values are relatively stable. The year built (1912) puts it among older homes citywide, but within William Whyte it’s typical—so maintenance history and condition matter more than age alone. Buyers should be prepared for a smaller footprint and likely some updating, but the low assessed value also means lower property taxes.
This property suits first-time buyers on a tight budget, investors looking for a low-cost rental or flip in an overlooked area, or anyone who prioritizes location over size. It’s not a home that will appeal to those seeking move-in-ready space or a big lot for expansion.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $123,000 is well below the street average ($227,300) and citywide average ($390,100), but it’s fairly close to the neighbourhood average in William Whyte ($149,100). The property ranks in the top 59% within the area—meaning it’s around average for the neighbourhood, not unusually low.
2. Is the small living area a problem for resale?
It depends on the buyer pool. Smaller homes tend to attract a narrower range of buyers, but they also sell faster when priced right. In a neighbourhood where the average home is 1,158 sqft, a 792 sqft property stands out as compact—so future resale may take longer or require a price adjustment compared to larger homes. That said, if the home is well-maintained and in a desirable part of the street, size matters less than condition.
3. What does the year built (1912) mean for maintenance?
An older home often means older systems—plumbing, electrical, foundation, and insulation may need attention. Within William Whyte, the average year built is 1927, so 1912 is older but not unusual for the area. Buyers should budget for a thorough inspection, especially for knob-and-tube wiring, lead pipes, or outdated heating. Age alone isn’t a dealbreaker, but deferred maintenance is common in this price range.
4. How does the land size affect usability or future development?
At 2,463 sqft, the lot is significantly smaller than the neighbourhood average (3,277 sqft) and citywide average (6,570 sqft). That limits options for adding a garage, a large garden, or an extension. It also means less outdoor space overall. For someone who wants a low-maintenance yard, this could be a plus—but buyers hoping for a big lot or redevelopment potential should look elsewhere.
5. Is this property a good investment for a rental?
The low purchase price and below-average taxes could make for a decent cash-flow rental in an area where demand for affordable housing exists. However, the small size and older structure may limit rent potential and attract tenants who are price-sensitive. William Whyte is a mixed-income neighbourhood, so vacancy rates and tenant turnover should be researched locally. The key is whether the rent can cover maintenance costs—especially given the home’s age.