Property Overview: 787 Burrows Avenue

Key Characteristics, Appeal & Ideal Buyer

This one-and-a-half storey home, built in 1912, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key characteristics include a renovated basement, detached garage, and a living area of 1,112 sq ft situated on a 3,003 sq ft lot. The home’s appeal lies in its solid positioning within its immediate context. While its lot size and age are fairly typical for Burrows Avenue, the living space is notably above average for the Burrows Central area, offering more interior room than many neighbouring homes. The recently renovated basement adds modern, functional space. The property last sold in February 2022 for $220k, a price point that was above average for the neighbourhood but around average for the street itself, suggesting a stable investment in a well-established locale.

This property would suit a first-time homebuyer or pragmatic investor looking for a character home with some updates in a no-surprises setting. It’s for someone who values space efficiency over sheer size and appreciates a home that holds its own within its community rather than standing out. The detached garage and updated basement offer practical benefits for small families, hobbyists, or those needing flexible space for a home office or rental potential.

Frequently Asked Questions

1. How does the home’s assessed value compare to its likely market price?
The home’s assessed value is significantly lower than its last sale price, which is common. Assessments for municipal tax purposes often don’t directly reflect current market value, especially in older, established neighbourhoods where sale prices can vary based on condition and updates.

2. What does the "above average" living area for the neighbourhood mean for me?
It means that for the Burrows Central area, this home offers more interior space than roughly 75% of comparable properties. This is a practical advantage, providing more room than you might typically find for the price in this specific locale.

3. The home was built in 1912. What should I consider?
While the renovated basement is a plus, a home of this age will have a character structure but requires diligent attention to its core systems. A thorough inspection of the foundation, electrical, plumbing, and roof is essential to understand any needed maintenance or updates beyond the recent renovations.

4. How does the lot size impact future possibilities?
At 3,003 sq ft, the lot is standard for the street but below the Winnipeg city average. This means ample yard space for a city home is likely, but extensive expansions or additions may be limited by lot coverage bylaws. It’s a manageable size for maintenance.

5. What is indicated by the sale price being "above average" for the neighbourhood but "around average" for the street?
This suggests Burrows Avenue itself may be a slightly more desirable or consistent street within the broader Burrows Central area. The price reflects the property’s specific location on the street and its features, aligning it with its direct neighbours rather than the wider, more varied neighbourhood.