722 Burrows Avenue

Property Summary: 722 Burrows Avenue, Winnipeg

Key Characteristics & Appeal

This is a 1,050 sqft home built in 1972, sitting on a 2,463 sqft lot. The standout feature here is the assessed value relative to the neighborhood. At $253,000, the property ranks in the top 6% within William Whyte (where the average assessment is around $149,000), suggesting it's either been updated, is structurally superior to nearby homes, or sits on a more desirable block. On the street itself, the value is more modest—top 42%—which means it's not wildly out of step with its immediate neighbours.

The living area is roughly average for every scope (street, neighbourhood, city), so you're not gaining or losing square footage compared to typical homes nearby. The year built (1972) is newer than most of the neighbourhood (median around 1927), which may mean fewer major retrofitting concerns like knob-and-tube wiring or outdated foundations. However, the land area is notably small—bottom 16% on the street and bottom 9% in the neighbourhood. This is a compact urban lot, not a sprawling yard.

Who it suits: Buyers who want a newer-ish, well-kept home in a dense, older Winnipeg neighbourhood without paying a premium for land they won't use. It would suit someone who prioritizes interior quality and updates over outdoor space, or an investor looking for a property that's already positioned above the neighbourhood median in value. It's less suited to families wanting a big backyard or buyers seeking a fixer-upper with "good bones" on a large lot—this home's value is already baked in, not latent.

Five Possible FAQs

1. Why is the assessed value so high compared to the neighbourhood average but low citywide?
The home is in William Whyte, where many properties are older (often pre-1940s) and have lower assessments. This home's 1972 build and $253k value puts it well above the neighbourhood median. Citywide, $253k is below the $390k average because Winnipeg includes many higher-value neighbourhoods like River Heights or Tuxedo. The property is doing well locally but isn't in a high-demand area overall.

2. Is a 2,463 sqft lot too small for this area?
It's smaller than typical. The average lot on Burrows Avenue is about 3,500 sqft, and in William Whyte it's around 3,277 sqft. If you want a garden, a garage, or room for kids to play, this lot will feel tight. However, smaller lots often mean less maintenance and lower yard-care costs—something a busy owner might appreciate.

3. Does "average living area at a top 6% assessment" mean the property is overpriced?
Not necessarily. A top 6% assessment in the neighbourhood usually reflects renovations, better condition, or a higher-quality build than nearby homes. Since the living area is average, the added value likely comes from finishes, systems, or layout. It could be a very well-maintained home in a rougher area, which is a different proposition than a similarly priced home with a huge lot.

4. What does "top 16% for year built in the neighbourhood" actually mean for maintenance?
It means most of your neighbours are dealing with homes built in the 1920s or earlier—think lead pipes, old plaster, and uninsulated walls. A 1972 home will have modern electrical, likely copper plumbing, and some insulation. You'll still have maintenance (roof, windows, furnace are all roughly 50 years old by now), but you're less likely to encounter hidden structural issues common to century homes.

5. How does this property compare to a typical starter home in Winnipeg?
A typical starter home in the city might be a 1,000 sqft bungalow on a 4,000 sqft lot in a post-war area, costing around $250k–$300k. This one has a smaller lot but is newer than most starters (many are 1950s). The land scarcity means you're paying more for the building itself, not the land. That's fine if you plan to stay a while, but it may appreciate differently than a home with a bigger lot in a similar price range.