Property Overview & Key Characteristics

This 1912-built, one-and-a-half storey home in Burrows Central offers a blend of historic character and practical potential. Its primary appeal lies in its generous 4,553 sqft lot, which ranks in the top 15% for size on its street, providing ample outdoor space rare for the area. With 1,242 sqft of living space, the home is larger than most in the immediate neighbourhood (top 13%). It features a detached garage and a basement that presents an opportunity for future development, as it is noted as not being renovated.

The property suits buyers looking for a solid, character home with a large yard in a well-established neighbourhood. It’s particularly fitting for value-conscious purchasers—such as first-time buyers or investors—who see potential in a property that may require updates. The very low assessed value suggests it could be a strategic entry point into the market. A thoughtful perspective is that while the home itself is older, its lot size and living area are standout assets that offer flexibility, whether for gardening, expansion, or simply enjoying more space than typical comparably priced homes.

Frequently Asked Questions

1. What does "not renovated" for the basement imply?
It indicates the basement is in original or functional condition but has not been modernized or finished to contemporary standards. It presents a blank canvas but may require work for certain uses.

2. How significant is the lot size?
Very. At over 4,500 sqft, the lot is substantially larger than many in Winnipeg (top 35% city-wide). This is a key feature for privacy, outdoor activities, or future projects like a garden or shed.

3. The home was built in 1912. What should I consider?
While offering classic charm, it’s important to plan for inspections focused on aging infrastructure like plumbing, electrical, and the foundation. The positive trade-off is the proven durability and often higher-quality materials of its era.

4. The assessed value seems low compared to nearby homes. Why?
Municipal assessed value is for tax purposes and is based on a mass appraisal system; it doesn't always reflect current market value. It can be influenced by the home's condition, specific features, and recent sales of similar properties. It suggests a potentially lower tax burden.

5. Who is the typical buyer for this property?
It appeals to practical buyers who prioritize land and interior space over move-in-ready finishes. It's well-suited for a handy first-time buyer, an investor looking for a property with rental potential after some updates, or someone seeking an affordable home with a large yard in a central neighbourhood.