543 Burrows Avenue: Property Summary

Key Characteristics & Buyer Profile

This is a recently built home (2022) in the William Whyte neighbourhood of Winnipeg, offering a living area of 1,040 square feet on a 3,169-square-foot lot. Its standout feature is its age: it is the newest house on its street, ranks in the top 1% city-wide for year built, and is one of only a handful of modern constructions in an area where the average home dates to the late 1920s. The assessed value of $260,000 is notably higher than the neighbourhood average of $149,100—placing it in the top 5% locally—but sits below the citywide average for comparable homes. This suggests the property’s value is driven by its newness relative to the immediate area, rather than by scale or land size; the living and land areas are both near-average for the street and neighbourhood, and below average city-wide.

The appeal here is practical and contrast-based. Buyers get a modern, likely low-maintenance interior and structure in a dense, older central neighbourhood where most homes require significant updates. The trade-off is that you’re paying a premium for newness in a location that is still evolving—citywide assessed values are lower than the median, and the land footprint is modest. This would suit a first-time homebuyer or someone downsizing who values efficiency and wants to avoid immediate renovation work, but who is comfortable with an urban, mixed-age block rather than a newer suburb. It also works for an investor targeting tenants who prioritize modern finishes over square footage or yard space.

Five Possible FAQs

1. How does this home’s value compare to others in the area?
The assessed value is well above the local neighbourhood average, but well below the citywide average for comparable homes. In William Whyte, most houses are older and valued around $149,000, so this property’s $260,000 assessment reflects a significant premium for its recent construction. On a citywide scale, it’s more modest.

2. Is the living space small for a newer home?
At 1,040 square feet, it’s slightly below the average for its street and neighbourhood (which are around 1,100–1,150 sqft) and noticeably below the citywide average of 1,342 sqft. It’s not tiny, but it’s a compact layout—typical of many new infill builds on smaller lots in older neighbourhoods.

3. Why is the land area listed as “below average” city-wide?
The lot is 3,169 square feet, which is close to the norm for this street and neighbourhood. City-wide, however, the average lot is roughly double that size—many Winnipeg homes sit on larger plots, especially in post-war suburbs. This is a standard urban lot, not a spacious yard.

4. Was the home part of a larger development or a standalone build?
The summary doesn’t specify the builder or whether it was part of a multi-unit project. Given its infill location on an older street and its top-1% newness, it’s likely a single infill house or a small-scale replacement build rather than part of a large subdivision.

5. What should I look for during a viewing given it’s so new?
New construction has its own set of checks. Look for settling cracks in drywall or foundation, proper grading around the foundation (since the lot is compact), and quality of finish work—especially if it was built quickly during the 2022 construction boom. Also confirm that appliances, windows, and mechanicals are still under warranty, as these often come with year-one or two-year builder coverage.