Property Overview

1124 Mountain Avenue is a one-and-a-half storey home in Winnipeg's Burrows Central neighbourhood, built in 1951 on a notably spacious lot. Its key appeal lies in the combination of a large, above-average land parcel and a recently renovated basement, offering a solid foundation for both comfortable living and future potential. The home itself, with 888 sqft of living space, is compact and efficient, suggesting a property where the value is anchored in the land and its possibilities rather than in extensive square footage.

This property would suit first-time buyers or practical downsizers looking for an entry point into homeownership with a manageable house to maintain. It’s also a sensible fit for a long-term investor or a buyer with a vision for gradual improvement, as the generous lot size and existing renovation work provide a stable platform to build upon.

Key Characteristics & Appeal

The standout feature is the 5,579 sqft lot, which ranks in the top 14% for size on its street and the top 5% within Burrows Central. This offers rare space for gardens, recreation, or expansion in a city setting. The renovated basement adds immediate functional living space without the need for a major project. With a detached garage and an assessed value that is above average for the immediate area, the property presents a grounded, value-conscious opportunity.

A less obvious perspective is that this home represents a specific type of affordability: it trades premium interior space for a premium lot size. It suits someone who prioritizes outdoor space and sees the house itself as a cozy, efficient shell. Its "around average" metrics on its own street indicate it fits comfortably within the existing community fabric, not as an outlier but as a consistent part of the neighbourhood.

Frequently Asked Questions

1. Is the lot size a major advantage?
Yes. The lot is significantly larger than most in Burrows Central and on Mountain Avenue itself. This provides more private outdoor space and is often the most valuable and irreversible aspect of a property.

2. What does "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including a recreation room, additional bedroom, or laundry area, with updated flooring, walls, and ceilings.

3. Who is the ideal buyer for this home?
It's ideal for a first-time buyer or downsizer comfortable with a cozy main footprint who values large outdoor space. It's also suitable for a patient investor or owner who may consider future expansions, like an addition or a garden suite (subject to zoning).

4. How does the living area compare to typical homes?
At 888 sqft, the living area is below the city average and slightly below the average for its street. This confirms the home is compact, emphasizing efficient use of space rather than spaciousness.

5. What is indicated by the assessed value versus the last sale price?
The current assessed value ($210k) is higher than the 2017 sale price ($190k). This reflects market appreciation and municipal assessment over seven years, and the current asking price will be influenced by current market conditions, not these past figures alone.