Property Overview: 987 Burrows Avenue, Winnipeg

Key Characteristics & Appeal

This home presents a distinct value proposition centered on its generous lot size. Built in 1912, the 1,180 sqft house sits on a 6,569 sqft parcel of land, which is exceptionally large for the area—ranking in the top 1-2% of the immediate neighbourhood. This offers significant outdoor space and potential not commonly found in central Winnipeg neighbourhoods.

The appeal lies in this land-to-structure ratio. While the living space is comfortably above average for Burrows Central and the assessed value is modest, the standout feature is the opportunity the lot provides. It would suit a practical buyer who values space over a modern build, such as someone looking for room for gardens, pets, or future expansion. It’s also a fit for value-conscious purchasers seeking a home with a unique, long-term asset (the land) in a mature community, who are prepared for the maintenance that comes with a century-old property.

Frequently Asked Questions

1. What does the assessed value tell me about the listing price?
The assessed value of $184k is a municipal valuation for tax purposes and is typically below market value. It indicates a relatively modest tax base. The listing price would be influenced by current market conditions, the home's specific condition, and the premium for the large lot.

2. Are there any concerns with a house built in 1912?
While offering classic character, a home of this age will likely require diligent maintenance and updates. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation to understand any needed investments.

3. How significant is the lot size, really?
It's the property's defining characteristic. At nearly double the area of a standard lot on the same street, it provides rare privacy and flexibility for this neighbourhood. This could be a key factor for future resale value or personal use.

4. Why is the city-wide assessed value ranking so low (Top 94%)?
This reflects Winnipeg's broader market, where average home values are significantly higher. It highlights that this property is positioned in a more affordable segment of the overall city, which can be an advantage for entry into the market.

5. How can I get accurate historical sale data for this property?
As noted, precise sales history is not published online here due to industry regulations. You can request the exact figures by email, and the service provider will manually retrieve and send that information to you.