Property Overview

This two-storey home on a large lot presents a distinct value proposition centered on space and potential. Built in 1959, its key characteristic is its exceptionally generous living area of nearly 2,500 sq ft, which ranks in the top 1-4% of homes in its neighborhood and citywide. The property sits on a 5,376 sq ft lot, providing ample outdoor space that is above average for the Burrows Central area. It features a detached garage and a basement that is present but not renovated.

Its appeal lies in offering a substantial amount of interior space at a price point that is notably accessible for its size. The lot size also offers room for gardening, play, or future expansion. This property would best suit a value-conscious buyer, investor, or handy homeowner who prioritizes square footage over move-in-ready finishes. It’s an opportunity to secure a large canvas in a mature neighborhood, ideal for those willing to renovate and customize over time. A less obvious perspective is that the significant living area, paired with a modest assessed value, could make it a strategic hold for future value growth as surrounding properties are updated.

Frequently Asked Questions

1. Why is the living area so large compared to the sale price?
The home’s square footage is its standout feature, ranking in the elite tier for the area. The price reflects that the property likely requires modernization and investment, making the cost per square foot very competitive for buyers willing to take on a project.

2. What does "basement, not renovated" typically mean?
This indicates the basement is unfinished or in a largely original state. It provides valuable additional space for storage or future development but will require investment to become a finished living area.

3. How does the lot size compare to others?
At over 5,300 sq ft, the lot is significantly larger than the neighborhood average (~3,491 sq ft). This places it in the top 8% for Burrows Central, offering more private outdoor space than most nearby homes.

4. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value for municipal tax purposes ($36.1k) is much lower than the recent sale price ($51.5k). Market price is driven by buyer demand, condition, and location, while assessed value is a formula for taxation.

5. What type of neighborhood is Burrows Central?
It is a long-established, mature neighborhood in Winnipeg. The above-average lot sizes and mix of older homes suggest a community with a settled character, where this property offers a larger-than-typical footprint.