243 Burrows Avenue: Property Summary

Key Characteristics & Buyer Profile

This is a 1,872-square-foot home built in 1961 on a 2,881-square-foot lot in the William Whyte neighbourhood. Its standout feature is size. The living area ranks in the top 4% on its street and top 6% in the area—significantly larger than the typical home nearby. The assessed value ($253,000) is above average for the neighbourhood but sits below the citywide median, which reflects the fact that the land is relatively compact. The lot is smaller than average both locally and citywide, so the property’s value is concentrated in the house itself rather than the land.

The appeal lies in getting a genuinely spacious home at a price point that undercuts many newer or larger-lot properties elsewhere in Winnipeg. The year built (1961) puts it in the upper tier for the neighbourhood, meaning it’s newer than many surrounding homes, but still mid-range citywide. A thoughtful buyer might note that the smaller lot means less outdoor upkeep and potentially lower utility costs for heating or water, while the larger floor plan offers flexibility for a growing household, a home office, or multi-generational living.

This property best suits buyers who prioritize indoor square footage over outdoor space, want a solid mid-century home in a central neighbourhood, and are comfortable with a lot size that’s below the city norm. It may appeal to first-time buyers looking for more room than a typical starter home, or to investors seeking a rental with above-average living area for the area.

Five Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
   The assessed value is above the neighbourhood average of $149,100 and roughly in line with the street average of $227,300. However, it’s well below the Winnipeg average for comparable homes ($390,100). This suggests the home offers more living space for its tax bracket.

2. Is the land area a drawback?
   It depends on your needs. The lot is smaller than most in the neighbourhood and citywide—about 2,881 square feet compared to a typical 3,277 square feet locally. This means less yard to maintain, but also less privacy or space for additions, garages, or gardens.

3. What does “ranked top 4% on the street” actually mean for living area?
   Of the 682 comparable homes on Burrows Avenue, only about 27 are larger. At 1,872 square feet, this home is significantly bigger than the street average of 1,116 square feet. In practical terms, you’re getting a house that’s roughly 68% larger than the typical home on the same block.

4. How old is the home, and has it likely been updated?
   Built in 1961, it is newer than most homes in William Whyte (average 1927) but not particularly new citywide. Buyers should budget for possible mid-century updates, such as windows, plumbing, or insulation, unless recent renovations have been documented.

5. Why is the citywide rank for assessed value so low (top 82%) while the neighbourhood rank is high (top 6%)?
   The home’s value is strong for its immediate area but modest when compared to more expensive Winnipeg neighbourhoods like River Heights or Tuxedo. This is common for properties in older, more central communities where land values and home prices are lower overall.