750 Burrows Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s William Whyte neighbourhood. With 802 square feet of living space on a 2,463-square-foot lot, it’s smaller than most homes on its street, in its area, and across the city. Built in 1905, it’s also older than the vast majority of comparable homes citywide. Its assessed value of $174,000 sits around the street average, but well above the neighbourhood average—a sign that while the home itself is modest, the block it’s on may hold slightly higher value relative to the surrounding area.
The appeal here lies in affordability and entry-level pricing in a neighbourhood where home values are generally lower than the city median. The property would likely suit a first-time buyer looking for a low-cost entry into homeownership, or an investor interested in a smaller lot with potential for renovation or long-term holding. The below-average living and land area mean space is a trade-off, but for someone who doesn’t need much square footage, the price point could be hard to beat in the current market.
Frequently Asked Questions
1. How does the living area compare to other homes in Winnipeg?
It’s well below average. The home ranks in the bottom 9% citywide, meaning most comparable homes in Winnipeg are larger. At 802 sqft, it’s roughly 40% smaller than the citywide average of 1,342 sqft.
2. Why is the assessed value above the neighbourhood average but below the citywide average?
The neighbourhood average is quite low ($149,100), so $174,000 stands out locally. But across all of Winnipeg, the average assessed value for comparable homes is $390,100—so this property is still significantly below typical citywide pricing. It reflects a neighbourhood with lower overall values, but a home on a relatively better-valued street.
3. Is the lot size unusual for William Whyte?
Yes, it’s on the small side. The lot is 2,463 sqft, while the neighbourhood average is 3,277 sqft. That’s roughly 25% smaller, and the property ranks in the bottom 9% locally. Buyers looking for a yard or outdoor space should know the lot is compact.
4. How old is the home, and does that affect its practical use?
It was built in 1905, making it over 115 years old. That’s older than 98% of homes citywide. Age can mean higher maintenance needs, potential for outdated systems (plumbing, electrical, insulation), and possibly lead paint or asbestos. But older homes in this area may also have solid bones and character if maintained—worth a close inspection.
5. What kind of return or appreciation might this property offer?
Hard to say with certainty, but the low entry price and below-average land area suggest upside is tied more to neighbourhood gentrification or redevelopment than to the home itself. The assessed value being above the neighbourhood average could hint at some local desirability, but overall, this is a budget-oriented property, not a value play in a hot market.