Property Overview: 988 Mountain Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Burrows Central presents a solid, value-oriented opportunity. Its key characteristic is a generous 5,158 sqft lot, which is notably larger than most in both the immediate area and the wider neighborhood, offering above-average outdoor space for its setting. The living area (1,218 sqft) is comfortably sized for the locale, and the home features a renovated basement and a detached garage.

The appeal lies in its strong positional value within its peer group. The data shows the property consistently ranks above average for its street and neighborhood in categories like lot size, year built (1947), and assessed value. This suggests a well-placed asset relative to comparable local homes, often at a more accessible price point than city-wide averages. It suits practical buyers looking for a character home with room to breathe, first-time homeowners seeking an entry into the market with upside potential, or investors interested in a property with fundamentals that outperform its immediate surroundings. The renovated basement adds modern functionality to the post-war structure.

Section 2: Frequently Asked Questions

1. What does the assessed value indicate?
The assessed value of $22.70k is above average for both Mountain Avenue and the Burrows Central area, suggesting the property is viewed favorably compared to its direct peers. It is important to note this is significantly below the city-wide average, reflecting the neighborhood's overall affordability.

2. How does the lot size compare?
The lot is a standout feature. At 5,158 sqft, it is larger than approximately 72% of lots on the same street and 90% of those in Burrows Central, offering rare space for gardens, play, or expansion in this area.

3. Is the home older than others nearby?
Built in 1947, the home is actually newer than many on its street and in the neighborhood, where average build years are 1932 and 1934, respectively. It is, however, older than the typical Winnipeg home.

4. What is the recent sales history?
The property last sold in August 2017 for $23,400, which was consistent with its above-average positioning for the area at that time.

5. How should I interpret the ranking data?
The rankings (e.g., "Top 28%") show how this property compares to specific groups of "comparable homes." They indicate that for its street and neighborhood, it often performs better than the majority in key metrics, which can be a marker of relative stability and value within that local context.