393 Burrows Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 2,648 sqft residence on a 4,549 sqft lot, built in 1913, located in Winnipeg’s William Whyte neighbourhood. The defining feature here is size. The home ranks in the top 1% for living area on its street and in the neighbourhood, and top 2% citywide—well above average in every local comparison. That gives the interior a genuinely spacious feel relative to surrounding homes, most of which sit below 1,200 sqft. The land is similarly generous for the area: top 4% in the neighbourhood, with a lot roughly 40% larger than typical nearby properties.

The assessed value tells a more nuanced story. At $251,000, it’s slightly above the street average and well above the neighbourhood average ($149,100), reflecting the premium for square footage and lot size in an area where smaller homes dominate. But compared to citywide medians, it’s below average—consistent with older neighbourhoods where land values haven’t appreciated as sharply. The year built (1913) is older than the street norm (1944) and significantly older than the city average (1966), which means maintenance history and mechanicals should be a priority for any buyer.

Appeal and suitability: This property suits buyers who prioritize interior space and yard size over modern finishes or a “move-in ready” label. It’s a natural fit for someone willing to invest in updating an older home—perhaps a family wanting room to spread out, or a buyer looking for a larger footprint in a more affordable part of the city than newer subdivisions. The land itself offers potential for expansion or a substantial garden. It’s less suited to those seeking a turnkey home in a high-appreciation area, or buyers who prefer newer construction with lower maintenance demands.

Frequently Asked Questions

1. How does the assessed value compare to what I’d actually pay?
The assessment of $251,000 is a tax valuation, not a market price. Given the home’s size and lot, it could attract a premium or a discount depending on condition. In a neighbourhood where most homes are smaller, a larger property may sell for above assessment if updated, or below if it needs significant work. A local realtor can provide recent sale comparables tailored to this street.

2. What should I look for given the 1913 build date?
Older homes in this era often have solid framing but may have outdated electrical, plumbing, insulation, and windows. The roof and foundation are worth inspecting closely. A pre-purchase inspection by someone experienced with pre-1940s homes is strongly recommended. Also check for knob-and-tube wiring and lead paint, which are common but manageable.

3. Is the neighbourhood (William Whyte) a good area for families?
William Whyte is an established inner-city neighbourhood with a mix of older houses and ongoing infill development. It has parks, schools, and transit access, but like many older central areas, it has variable block-by-block conditions. The high land-area ranking (top 4%) suggests many lots here are large, which can mean more privacy than typical urban infill. Visit at different times of day to get a feel for the immediate street.

4. Why is the citywide land-area rank only top 65% if the lot is big for the neighbourhood?
Citywide rankings include newer suburban areas where standard lot sizes often exceed 5,000–7,000 sqft. At 4,549 sqft, this lot is generous for William Whyte but modest compared to outer-ring subdivisions. This is common for older central neighbourhoods—you gain location and character, but not the maximum land size.

5. What does “Elite” ranking mean in the property analysis?
The data here uses tier labels to compare the home’s metrics against others in the same category. “Elite” means it ranks in the top 2–4% of comparable properties within that scope. For living area and land, this indicates a genuinely standout feature relative to nearby homes. It’s not a subjective quality rating—it’s a statistical snapshot of how the home measures up on size and value compared to its peers.