683 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,040 sqft home built in 1912, situated on a 3,004 sqft lot in Winnipeg's William Whyte neighbourhood. Its assessed value sits at $127,000.
Where the appeal lies: The property is priced well below both street and citywide averages. For a buyer focused on affordability rather than size or prestige, that gap represents real potential. The home is roughly average for its street and neighbourhood in terms of living area and lot size—nothing standout, but nothing out of step either. It’s a functional, unpretentious house in a working-class area. The year built (1912) means it's older than most citywide comparables, which could appeal to buyers who appreciate pre-war construction quality or are comfortable with the upkeep older homes require.
What type of buyer it would suit: First-time buyers looking to enter the market without stretching financially. Investors seeking a low-cost entry point in a neighbourhood where the assessed value sits close to the area median (only slightly below William Whyte’s average of $149k). Renovators who see value in updating a structurally sound older home—the low assessed value leaves room for improvement without immediately hitting a tax ceiling. It is not suited for buyers who prioritize modern finishes, large lots, or rapid resale potential.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street average ($127k vs. $227k)?
The street includes a wide mix of property types and conditions. This home is older and likely hasn't undergone major renovations that would push its assessed value upward. That said, it aligns reasonably well with the neighbourhood average of $149k, suggesting the gap is more about street-level variance than the property being in poor shape.
2. Is a 1912 home a risk in terms of maintenance?
It depends on how it's been maintained. Pre-1920s homes often have solid framing and materials, but systems (plumbing, electrical, foundation, roof) may be original or near end-of-life. A thorough inspection is essential. The upside: these homes often have character details (higher ceilings, thicker walls) that newer builds lack.
3. How does the land size compare to typical Winnipeg lots?
At 3,004 sqft, the lot is smaller than the citywide median (6,570 sqft) but consistent with what’s common in William Whyte. It's not cramped for the area, but don't expect a large backyard. If yard space is a priority, this may feel tight.
4. What does "Top 68%" for living area actually mean?
It means the home is in the bottom third citywide for living space—slightly smaller than average. That's not a negative if you're buying for affordability or as a starter home, but it does mean most Winnipeg homes offer more square footage.
5. Would this property qualify for first-time buyer incentives or renovation programs?
Possibly. The price point is well below Winnipeg’s median, which can help with mortgage qualification. Older homes in this range often qualify for municipal or provincial renovation grants aimed at improving energy efficiency or structural safety. Check with your realtor or local housing office—this isn't guaranteed, but worth exploring given the age and value profile.