Property Overview: 989 College Avenue, Winnipeg

Key Characteristics & Appeal

This 1987 bi-level home at 989 College Avenue presents a unique value proposition centered on land and modernity within its immediate context. Its primary appeal lies in the combination of a newer build, a renovated basement, and a decently-sized lot for the area. At 3,592 sqft, the land is above average for both the street and the broader Burrows Central neighbourhood, offering more outdoor space than many nearby properties. The 1987 construction date is a significant standout, placing it in the top 5% of homes on College Avenue for being newer, which suggests updated core systems and potentially lower immediate maintenance.

However, the living space is compact at 702 sqft, which is below average for the city. This creates a specific dynamic: you are purchasing a relatively modern structure and a good parcel of land, but the interior is efficient. The recently renovated basement adds crucial functional space, offsetting the main floor's footprint. The detached garage is a practical asset.

This property would suit a first-time buyer, an investor, or a downsizer looking for a manageable home with a low property tax burden (as indicated by the assessed value) and a yard. It’s for someone who prioritizes land ownership and a newer build over a large interior, and who sees the renovated basement as key to making the overall space work. It is not suited for those requiring substantial above-grade square footage.

Frequently Asked Questions

1. Is the low assessed value a concern?
No, it’s typically an advantage. A lower municipal assessment generally translates to lower annual property taxes, which is a direct, ongoing cost saving. The sale price is market-driven and independent of the assessment.

2. How can the home be so new for the area?
The 1987 build date indicates this lot was likely redeveloped, replacing an older home. This is a hidden benefit, as it means the core structure, wiring, and plumbing are decades newer than most neighbours, potentially reducing the risk of major, age-related repairs.

3. The living area seems small. Is it practical?
The 702 sqft main floor is compact, which emphasizes efficient living. The appeal hinges on the renovated basement, which effectively doubles the usable living space. Viewing the home as a total package—main floor, finished basement, and garage—is essential.

4. What does the "above average" land ranking mean for me?
In this established neighbourhood, a lot size that is larger than most on the street and in the area is a tangible asset. It provides more private outdoor space, better potential for gardening or additions, and a greater sense of openness than is typical.

5. Who might this property not suit?
It may not suit a growing family that requires multiple large bedrooms or expansive common areas all on one level. The bi-level design with a basement and the overall efficient footprint is better for households comfortable with multi-level living and optimized space.