Property Overview

This one-and-three-quarter storey home, built in 1913, sits on a notably spacious lot in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in the combination of a generous, above-average land area (4,497 sq ft) and a detached garage, offering rare potential for expansion, gardening, or outdoor space in an established area. While the living space is functional and the basement exists but is unrenovated, the property's value is anchored in its land and location. It last sold in August 2021 for $230,000, a price that was above average for its immediate street and neighbourhood at the time.

This home would suit a buyer looking for an entry point into homeownership with a clear asset in the land itself, or a hands-on individual who sees potential in the existing structure and values the flexibility a large lot provides. It’s less suited for those seeking a modern, turn-key property without renovation plans.

Frequently Asked Questions

1. What does "one & 3/4 storey" mean?
Typically, this style features a full main floor and a second floor where the roofline slopes inward, reducing the square footage and ceiling height in parts of the upper level. It's a classic Winnipeg architectural style, offering character but often with cozier upstairs rooms.

2. How does the lot size compare practically?
At 4,497 sq ft, the lot is significantly larger than the average for both the street and neighbourhood. This isn't just a statistical note; it translates to more private yard space, greater distance from neighbours, and tangible potential for additions, a large garden, or future detached structures, subject to zoning.

3. The assessed value seems very low. Why is that?
The municipal assessed value for tax purposes ($19,900) is not an indicator of market value. It is consistently low compared to city-wide averages because it's based on older sales data and formulas. The 2021 sale price of $230,000 is the relevant market benchmark.

4. What is the neighbourhood like?
Burrows Central is an established, mature neighbourhood. The data shows homes here generally have smaller lots and are older than the Winnipeg city average, suggesting a community of modest, long-standing properties. It's wise to explore the area in person to get a feel for its character and amenities.

5. Are the recent sales comparisons useful?
The listed nearby properties (e.g., 1079 Alfred Ave) with similar assessed values are not direct market comparisons, as their living areas are much smaller. They highlight how assessment value doesn't equate to market value. More relevant is the 2021 sale price of this home itself, indicating what a buyer recently paid for this specific property and land package.