Property Overview

This one-and-a-half storey home on a 4,920 sqft lot presents a straightforward opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Built in 1950, its key characteristic is the land itself—the lot size is notably above average for both the street and the local area, ranking in the top 18% and 30% respectively. The living space is a modest 900 sqft, and the home features a detached garage and an unrenovated basement. Its last recorded sale was in August 2020 for $19,500, with a current assessed value of $22,700.

Section 1: Appeal & Suitability

The primary appeal of this property is its land value and potential. The lot is significantly larger than many of its immediate neighbours, offering space for expansion, gardening, or future redevelopment. The home itself is a modest, no-frills structure, suggesting it is best suited for a buyer with a vision for improvement or who prioritizes lot size over move-in-ready condition. It would be a practical fit for an investor looking for a land-value play, a handy buyer seeking a project home with room to grow, or someone needing an affordable entry into the market with the understanding that updates will be required. A less obvious perspective is its appeal to a buyer who values a simpler, lower-maintenance footprint but still desires outdoor private space, which the generous lot provides.

Section 2: Frequently Asked Questions

1. What does "unrenovated basement" typically imply?
It means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, lighting, and possibly moisture management, but it offers usable space to finish to one's own taste.

2. Is the low sale price from 2020 reflective of the home's condition?
While the 2020 sale price is notably low, it is a historical data point. The current assessed value and market conditions will be more relevant. The price likely reflected the home's basic condition and smaller living area at that time.

3. How does the larger lot size impact property costs?
A larger lot can mean slightly higher property taxes compared to neighbours with less land. It may also increase costs for exterior maintenance (like lawn care or fencing) but provides greater long-term equity potential.

4. What is the neighbourhood character of Burrows-Keewatin?
Burrows-Keewatin is an established, diverse neighbourhood in Winnipeg's North End. It offers affordability and convenience, but as with any area, prospective buyers are encouraged to visit at different times to assess the specific street and surroundings for themselves.

5. Who should be cautious about this property?
Buyers seeking a modern, turn-key home without renovation projects should look elsewhere. The value here is in the land and the opportunity for customization, not in present-day finishes or amenities.