Property Overview: 794 Mountain Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1912, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its balance of a renovated basement, above-average living space for the immediate area, and a manageable lot size. With 1,093 sqft of living area, the home offers more interior space than many neighbouring properties. The land size of 3,636 sqft is modest citywide but is actually above average for Burrows Central, suggesting a lower-maintenance yard that still provides private outdoor space.

The home’s assessed value sits well above the averages for both its street and neighbourhood, which often indicates perceived value or improvements relative to nearby properties. However, its citywide assessment is below average, highlighting its positioning as an affordable entry point into the market. The lack of a garage is a consideration, but the renovated basement adds valuable finished space.

This property would suit a first-time homebuyer or a practical investor looking for a character home with some updates in an established neighbourhood. It’s for someone who values space inside the home over a large yard or newer construction, and who is comfortable with the maintenance considerations of a century-old structure.

Frequently Asked Questions

1. What does the "above average" assessed value for the street and neighbourhood actually mean?
It indicates that the city’s assessment of this property’s value is higher than most homes directly around it. This can be due to factors like the renovated basement, lot specifics, or the home's condition compared to immediate peers.

2. Are there any concerns with a home built in 1912?
While the renovated basement is a positive, buyers should budget for and investigate the condition of major aging components common to homes of this era, such as the foundation, plumbing, electrical systems, and the roof.

3. The home has no garage. Is there alternative parking?
The listing does not specify dedicated parking. Buyers should verify on-site parking options, such as a driveway or rear laneway access, and also research local street parking regulations.

4. How does the living area compare to a modern home?
At 1,093 sqft, it is compact by current citywide averages but is spacier than many homes in Burrows Central. The one-and-a-half storey layout may include finished attic space, so understanding the room configuration and ceiling heights on the upper level is important.

5. The lot is smaller than the city average. What are the advantages?
A smaller lot (3,636 sqft) typically means less time and cost spent on yard maintenance. It can be a benefit for those seeking a manageable outdoor space without the upkeep of a larger property, while still offering more land than many row houses or condominiums.