698 Burrows Avenue

Overview & Suitability

This property is a 2019-built home with 1,313 square feet of living space on a 2,463-square-foot lot, located in the William Whyte neighbourhood of Winnipeg. Its strongest point is age: it ranks in the top 1% on its street and in the neighbourhood, and the top 4% city-wide. Most homes in the area were built decades earlier (average around 1927–1944), so this is a genuinely newer build in an older part of the city.

The assessed value of $289,000 sits well above the neighbourhood average of $149,100 (top 2%), but below the citywide average of $390,100. That gap reflects two things: the premium for a newer home in an area where most housing is older and more affordable, and the fact the neighbourhood itself is not among Winnipeg’s priciest. The lot is smaller than typical for the area—ranking in the bottom 16% on the street—so outdoor space is limited relative to neighbours.

This property would appeal most to buyers who want a relatively new, move-in-ready home without paying inner-city or suburban new-build prices. It’s a strong fit for someone prioritizing low upkeep over a large yard, and who is comfortable with a neighbourhood where assessed values vary widely. It may be less suitable for buyers seeking a large lot, a historic character home, or a location where resale values are consistently high.

Frequently Asked Questions

1. How does the smaller lot affect everyday use?
The lot is roughly 2,460 square feet, which is about 30% smaller than the average on this street. You’ll have less lawn to maintain, but also less space for gardening, a large deck, or a garage expansion. It’s practical for someone who prefers a concrete patio or low-maintenance landscaping.

2. Why is the assessed value so much higher than the neighbourhood average?
The neighbourhood average of $149,100 is pulled down by many older, smaller, or less-updated homes. This property was built in 2019, so its assessment reflects modern construction, code compliance, and materials. It’s a new house in a neighbourhood of older stock, so the gap isn’t a red flag—it’s a feature.

3. How do property taxes compare to nearby homes?
Taxes are based on assessed value. Since this home is assessed at $289,000—roughly double the neighbourhood average—you should expect property taxes to be higher than many neighbouring houses. However, they will still be lower than a comparable new home in a higher-value area of Winnipeg.

4. Is the living space actually above average?
Yes, but it depends on the comparison. The 1,313 square feet is above the street and neighbourhood averages (around 1,116–1,158 sq ft), but slightly below the citywide average for comparable homes (1,342 sq ft). So it’s roomier than your immediate neighbours, but not notably large by city standards.

5. What are the trade-offs of buying a newer home in an older neighbourhood?
You get modern insulation, wiring, and plumbing without the headaches of a century home. The trade-off is that the surrounding block may have older homes with different maintenance issues, and street appeal or resale value will depend more on the condition of the whole area than just your house. It’s a single-good-property-in-a-variable-block situation, which can be a smart buy if the neighbourhood trends upward.