Property Overview & Key Characteristics

This 1907 two-and-a-half storey home on Burrows Avenue presents a classic Winnipeg character property with significant potential. Its primary appeal lies in its generous proportions and lot size. With 1,694 sq ft of living space and a large 2,728 sq ft lot, it offers more space than the vast majority of homes on its street and in the wider neighbourhood. The home features a detached garage and a full, unrenovated basement, providing a blank canvas for future development.

The property’s standout characteristic is its exceptionally low municipal assessed value, which places it in the top 1% of all Winnipeg properties for low assessment. This creates a distinct opportunity for value-seeking buyers, such as investors, renovators, or those looking for a substantial footprint at an accessible entry point. It is well-suited for a buyer with a vision for restoration or strategic improvement who is less daunted by a project. The home’s age and unrenovated state mean its appeal is rooted in its underlying assets—land, space, and structure—rather than in move-in-ready finishes.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby properties?
Municipal assessments are based on a mass appraisal system and may not reflect current market value, especially for unique or non-renovated properties. A very low assessment can indicate a variety of factors, including the home’s condition, and should be verified with a current market appraisal.

2. What does "unrenovated basement" typically imply?
This usually means the basement space is in its original or utilitarian state, with unfinished walls and ceilings, and may house older mechanical systems. It represents both a project and an opportunity to add modern living space, income potential, or storage according to your needs.

3. Is the large lot size a significant advantage?
Yes. A lot size ranking in the top 31% on the street offers rare potential in an established neighbourhood. It provides extra outdoor space, better natural light, and possible future options like a garden, expanded parking, or an addition, subject to local zoning.

4. Who might this property not be suitable for?
It is likely not a match for buyers seeking a turn-key, low-maintenance home. Given its age and condition, it would suit someone prepared for ongoing maintenance, potential renovations, and the considerations that come with a 119-year-old structure.

5. How should I interpret the "ranking" statistics provided?
These rankings compare this specific property metric (like living area or assessed value) against all other properties on its street, in its neighbourhood, and in Winnipeg. A high percentile (e.g., top 8%) means it scores very high in that specific category compared to others, highlighting its relative strengths or unique positioning.