Property Overview

This one-storey home on a generous 3,547 sqft lot in Burrows Central presents a distinct opportunity. Built in 1909, its key characteristic is a compelling contrast: it sits on a large, desirable lot (top 20% in Winnipeg for size) while the house itself is modest at 724 sqft of living space. The property includes a detached garage and an unrenovated basement. Its appeal lies in its clear potential as a value-play; the assessed value ranks in the top 2% city-wide, suggesting significant underlying land value. This would suit a buyer looking for a footprint in a historic neighbourhood, whether as a starter home with renovation plans, a long-term hold for land value, or a candidate for eventual redevelopment. A less obvious perspective is its appeal to a buyer seeking manageable upkeep—the smaller living area means lower utility costs and less maintenance inside, allowing focus and resources to be directed toward the yard, garage, or future improvements.

Frequently Asked Questions

1. Is the house in livable condition?
The listing notes the basement is "not renovated," which suggests the home likely requires updates. A professional inspection is essential to determine the full scope of work needed for comfortable living.

2. Why is the assessed value so high relative to the home's size?
The high assessment (top 2% in Winnipeg) is almost certainly driven by the valuable, large lot size rather than the current structure. This is common for older homes on sizable plots in established neighbourhoods.

3. What are the possibilities for expansion or rebuilding?
The large lot provides flexibility. Subject to local zoning and permitting, options could include renovating and adding to the existing structure or, in the long term, considering a new build that makes full use of the parcel.

4. How does the recent sale history affect the price?
The data shows it last sold for a very low price in August 2020, ranking in the top 1% of Winnipeg for low sale price at that time. This indicates a major shift in perceived or actual value since then, which a buyer should investigate to understand the full property history.

5. What is the neighbourhood like for daily living?
Burrows Central is a mature, historic neighbourhood. The listing shows nearby properties vary widely in size, age, and value, suggesting a diverse streetscape. Prospective buyers should visit at different times to assess fit for their lifestyle.