581 Burrows Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1978-built home with 877 square feet of living space on a 3,268 sqft lot. What stands out most is the assessed value relative to its age and location. The property ranks in the top 12% for assessed value within the William Whyte neighbourhood, meaning it carries a significantly higher value than most nearby homes (neighbourhood average assessed value is $149.1k, compared to this property’s $214k). At the same time, it ranks in the top 18% for being newer than most homes on Burrows Avenue, where the average build year is 1944. So you’re getting a relatively newer home in an older-stock area, with an assessed value that reflects above-average condition or upgrades compared to the immediate neighbours. Nationally and city-wide, its value and size are below average, which is typical for an older inner-city neighbourhood.

The living area (877 sqft) is below the street, neighbourhood, and city averages—so space is modest. The land area (3,268 sqft) is around average for the neighbourhood but well below the citywide norm of 6,570 sqft, common for older urban lots. The appeal here is not square footage or land size, but value density—it’s a compact, well-valued property in a transitioning area where newer builds are rare. It would suit a first-time buyer looking for affordable homeownership rather than maximum space, an investor who sees upside in a below-city-average valuation with neighbourhood positioning, or someone who values a newer build in an established older neighbourhood over a larger house further out.

Five Possible FAQs

1. The living area is below average. Does that make it hard to resell?
It depends on the buyer pool. In William Whyte, many homes are smaller and older, so 877 sqft isn’t unusual for the area. The bigger factor is that the property ranks high for its assessed value locally, which suggests it’s well-maintained or updated. That often matters more to buyers than raw square footage in an older inner-city market. If you’re buying, expect that space-conscious buyers or downsizers would be your eventual resale audience.

2. Why is the assessed value so much higher than the neighbourhood average?
The neighbourhood average ($149.1k) includes many older homes that haven’t been updated. This property is newer (1978 vs. average 1927 in the area), and assessed value reflects condition, upgrades, and relative desirability. Being in the top 12% for value suggests the home is likely in better shape or has features that push it above the local baseline. It doesn’t mean the neighbourhood as a whole is gentrified—just that this specific property stands out.

3. The land is 3,268 sqft. Is that a good size for a project or addition?
It’s around average for the neighbourhood (3,277 sqft) but small by city standards. For a garage, a small extension, or a garden, it’s workable. For a major addition or new build, you’d want to check zoning and setback requirements—but 3,268 sqft is not unusually restrictive for an older Winnipeg lot. It’s more of a “what you see is what you get” lot, not something with room to double your footprint.

4. How does a 1978 build compare to the older homes nearby?
It’s newer than about 82% of homes on the street and 85% in the neighbourhood, where most houses date from the 1920s–1940s. A 1978 build typically has modern electrical, insulation, and foundation standards compared to pre-war homes. That said, it’s not a new build—expect typical 1970s construction materials and possibly fewer period details than the older stock. The trade-off is less maintenance risk (no knob-and-tube wiring, likely asbestos-free) but potentially less charm for some buyers.

5. What’s the “bar” ranking system in the data actually telling me?
It ranks the property against comparable homes at three levels: street, neighbourhood, and city. The fill shows roughly what share of peers you’re above. For example, the assessed value bar at the neighbourhood level is heavily filled (top 12%), meaning the property outperforms 88% of its nearest comparable homes on that metric. The colour tiers (red, blue, amber, gray) group the ranking into very strong, good, average, or weaker performance. It’s a quick way to see where the house stands out and where it’s just middle-of-the-pack—useful for comparing without guessing.