Property Overview & Appeal

This 1907 two-and-a-half storey home on Burrows Avenue in William Whyte presents a distinct opportunity. Its key characteristic is a significant size advantage, with a living area of 1,984 sq ft ranking in the top 3% for its street and a land area of 2,728 sq ft. The home includes a renovated basement and a detached garage. Its appeal lies in the sheer amount of space offered, both in the house and on the lot, which is uncommon for the area. The property suits buyers looking for a project-oriented home with solid fundamentals—specifically, value-driven investors, large families needing ample room, or hands-on owners who see potential in a character home with a renovated basement to build upon. A less obvious perspective is that its very high city-wide rankings for lot size and living area, contrasted with a relatively low assessed value, suggest it may be undervalued or in need of modernization, representing a classic "value-add" scenario for the right buyer.

Frequently Asked Questions

1. Why is the assessed value relatively low compared to the home's size?
Assessed value for municipal taxes doesn't always reflect current market value, especially for older homes that may require updates. The low assessment here, combined with high square footage rankings, often indicates a property where significant interior updates could unlock substantial market value.

2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture control, and legal compliance (e.g., proper egress) are not provided. This is a key detail to verify with the seller or an inspection.

3. How does the age of the home (1907) affect ownership?
While the home's structure has stood for over a century, it necessitates careful attention to foundational integrity, wiring, plumbing, and insulation. An inspection is crucial, but the home's age also contributes to its character and solid construction.

4. The comparable listings show a wide range of assessed values. What does this mean?
The nearby properties show that William Whyte is a neighbourhood with highly varied housing stock, from new builds to century homes. This variance means your investment's performance will depend heavily on the specific property's condition and improvements, not just the area average.

5. Is the detached garage in good condition and suitable for vehicle storage?
The listing notes a detached garage but does not specify its size, condition, or if it is winterized. For many buyers in Winnipeg, a functional garage is a major asset, so its state is an important practical consideration.