575 Burrows Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,331 sqft home on Burrows Avenue in Winnipeg’s William Whyte neighbourhood offers noticeably more living space than most nearby properties. It ranks in the top 21% on its street and top 27% in the area for living area, with a footprint that exceeds both street and neighbourhood averages. The land parcel is 3,268 sqft—close to typical for the neighbourhood but well below citywide norms, reflecting the older, tighter lot patterns common in this part of the city.

The property’s real distinction is its assessed value of $111,000, which sits significantly below the street average of $227,300 and ranks in the bottom 10% locally. This low assessment, paired with above-average square footage, points to a home where the structure itself is underpriced relative to its size. The year built (1905) places it among the older homes on the street and in the city—only 2% of Winnipeg properties are older—so buyers should expect original construction details, potential updating needs, and possibly higher heating or maintenance considerations.

Who it suits: Buyers who are comfortable with an older home and see value in space over finish. This is a practical fit for someone willing to invest in renovations or updates, especially if they can secure financing based on the low assessed value. It’s less suited for anyone looking for a turnkey property or a premium lot size. The combination of large interior and low assessment also makes it a potential candidate for a value-add investment, provided the buyer has a realistic handle on what a 1905 building might require.

Five Possible FAQs

1. Is the low assessed value a red flag, or an opportunity?
It could be either, depending on your plans. An assessed value far below the street average often reflects a home that hasn’t been updated in some time, or has deferred maintenance. For a buyer with renovation budget and skills, that gap between size and price can mean equity upside. For someone looking to move in without work, it may signal substantial immediate costs.

2. How do older homes like this usually perform in terms of insulation and heating?
Homes built in 1905 typically have older framing, single-pane windows, and minimal wall insulation unless updated. Even with modern upgrades, the original construction can make it harder to retain heat compared to a mid-century or newer home. Buyers should budget for potential heating costs above modern averages, or plan for retrofits.

3. Why is the lot size smaller than the citywide average?
This is typical for central Winnipeg neighbourhoods developed before car-oriented suburban planning. Many lots in William Whyte were laid out in the early 1900s with narrower frontages. If you’re comparing against newer suburbs, the lot will feel compact. Within the neighbourhood, it’s standard.

4. Does the living area rank tell me anything about the floor plan?
The square footage ranks high locally, but rank alone doesn’t describe layout. A 1,331 sqft home from 1905 may have smaller rooms, divided floor plans, or less efficient use of space than a modern open-concept design of the same size. It’s worth viewing in person to see how the space actually functions.

5. How do the rankings work, and should I trust them to make an offer?
The rankings compare this property to other homes in the same street, neighbourhood, and city using public assessment data. They’re useful for understanding relative position—e.g., you’re getting more interior space than most nearby—but they don’t account for condition, recent updates, or curb appeal. Use them as a starting point, not a final verdict.