Property Overview: 1025 Burrows Avenue

Section 1: Key Characteristics & Appeal

This property on Burrows Avenue presents a distinct profile centered on its land and potential. The lot is a standard residential size for the immediate area, offering a practical footprint. The home’s standout characteristic is its exceptionally low municipal assessed value, placing it in the bottom tier city-wide. This typically indicates a property in need of significant renovation or possibly a teardown candidate.

Its primary appeal lies in its value as a land play or a foundational project for a builder or very hands-on buyer. It suits investors or purchasers looking for an entry point into the neighbourhood with the vision, capacity, and budget for a major rebuild or extensive renovation. A less obvious perspective is that such a low assessment, while reflecting condition, can also represent a relative property tax advantage in the near term compared to finished homes on the street. The "elite" ranking for year built is unusual and likely a data anomaly, so focus should remain on the physical and financial metrics.

Section 2: Frequently Asked Questions

1. What does the "Elite" ranking for Year Built and Living Area mean?
This is almost certainly a data error or placeholder in the listing system, as it suggests the home is newer and larger than all comparable properties, which contradicts the very low assessed value. The actual year built and living area should be verified through a viewing or direct inquiry.

2. Why is the assessed value so much lower than nearby properties?
A dramatically low assessed value is a strong indicator from the city that the property is in poor physical condition relative to its neighbours. It may require major systems updates, structural work, or be considered functionally obsolete.

3. Is this a good candidate for a rental property in its current state?
It is unlikely to be rentable without substantial investment. The condition implied by the assessment suggests it may not meet basic rental standards for safety and habitability without significant repairs.

4. Are there teardown or rebuilding restrictions in this area?
Prospective buyers must contact the City of Winnipeg’s Planning Department to confirm zoning bylaws, heritage designations (unlikely but possible given the age of the area), and any specific requirements for new construction or major renovations on the lot.

5. How should I interpret the comparable listings shown?
Use them as a guide to the neighbourhood's price spectrum and home types, but note that most shown have 2-3 times the assessed value. This underscores that 1025 Burrows is in a different category—a project property rather than a move-in-ready home.