707 Burrows Avenue – Property Summary

Key Characteristics & Buyer Fit

This is a 1,612 sqft home on a 3,004 sqft lot, built in 1907, with an assessed value of $240,000. What stands out most is the living space: it's significantly larger than most homes on its street (top 10%) and in the William Whyte neighbourhood (top 12%). The assessed value, however, tells a different story. While it's roughly average for the street, it ranks much higher within the neighbourhood (top 8%) — meaning you're getting a notably bigger house than most nearby, but paying a price that looks more reasonable when compared to the immediate area rather than citywide averages.

The year built (1907) places it among older homes on the street and in the city, though that's typical for this neighbourhood, where the average home dates to 1927. The land area is modest — around average locally, but well below the citywide median. Buyers who'd appreciate this property tend to value interior square footage over lot size. It suits someone looking for generous living space in an older, established neighbourhood, particularly if they're comfortable with a home that may need updates typical of a property over 115 years old. It's less suited for someone who wants a large yard or a newer build.

Five FAQs

1. How does the assessed value compare to other homes my age or condition in the area?
The $240,000 assessment places it in the top 8% of homes in William Whyte, which means it's valued higher than most nearby. On the street itself, it's about average. The citywide rank (top 85%) sounds low, but that's because comparable homes citywide tend to be newer and in different price brackets — not necessarily a reflection of this home's condition relative to local comps.

2. Why is the living area ranking so strong but the land area ranking only average?
This home has more interior square footage (1,612 sqft) than most in the neighbourhood and on the street. But the lot (3,004 sqft) is close to the local averages. In Winnipeg overall, lots tend to be much larger — the citywide median is 6,570 sqft — so this property is compact by city standards. You're getting more house, not more yard.

3. Is the 1907 build date a concern?
It depends on how the home has been maintained. The house is older than most on Burrows Avenue (average 1944) and much older than the citywide average (1966). In William Whyte, however, the average is 1927, so older homes are common. Buyers should budget for systems updates (electrical, plumbing, roof) and check for knob-and-tube wiring, lead pipes, or asbestos that sometimes appear in pre-1920s homes. A thorough inspection is key.

4. How do the rankings actually work?
Each ranking compares this home to "comparable homes" within the same category (street, neighbourhood, or city). The bar shows what share of those peers you outperform. For living area and land area, larger is better. For year built, newer is better. For assessed value, higher is better. The "Avg" listed is a rough median for that group — not an exact average of all homes, but a practical benchmark.

5. What's the benefit of having a top-10% living area on the street but only a top-46% assessment?
It suggests you're getting more square footage per dollar than many homes on Burrows Avenue. Your home is valued roughly in line with the street average, but it's physically larger. That can be appealing for resale value if you maintain the interior well — especially if neighbouring homes are smaller but sell for similar prices. It also means your property taxes are based on a relatively moderate assessment compared to the space you're getting.