Property Overview: 1130 College Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1947, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key features include a renovated basement and a modest 1,046 sqft of living space. The lot size of 3,645 sqft is notably generous for the immediate area, offering above-average outdoor space compared to nearby homes.

The primary appeal lies in its value proposition and land potential. With a relatively low assessed value, it represents an accessible entry point into the market. The renovated basement adds immediate functional living space without the need for initial work. The home suits first-time buyers seeking a foothold, value-conscious investors looking for a rental property with a solid lot size, or downsizers wanting a manageable home without a large yard to maintain. A thoughtful perspective is that while the home is older, its construction date is actually newer than many in the specific neighbourhood and on its street, suggesting it may have been built with slightly more modern standards than immediate comparables.

Section 2: Frequently Asked Questions

1. What does the "above average" assessed value ranking mean for the area?
It indicates the home is officially valued higher than many nearby properties. In this context, it suggests the property (likely due to its lot size and renovated basement) is considered a stronger asset within its immediate locale, even though its absolute value is below the Winnipeg city average.

2. Is the lot size typical for the area?
Yes, and it's actually a standout feature. The land area is larger than average for both College Avenue and the broader Burrows Central neighbourhood, offering more yard space than many surrounding properties.

3. What might the sale history indicate?
The property sold for $26,800 in July 2021. This very low sale price, significantly below the current assessed value, strongly suggests it was not an arms-length market transaction (such as a transfer between family members) and should not be used as a benchmark for its current market value.

4. Who is responsible for exterior maintenance, given there's no garage?
The buyer is fully responsible for all maintenance of the home and the lot. The absence of a garage means all vehicle parking will be on the driveway or street, and storage solutions will need to be considered within the home or basement.

5. How does the living space compare to a modern home?
At 1,046 sqft, the living area is compact by today's standards, but it is average for the specific neighbourhood. The layout of a one-and-a-half storey home often places bedrooms upstairs, which can be efficient. The renovated basement effectively adds usable square footage not fully reflected in the official living area metric.