716 Burrows Avenue – Property Summary

Key Characteristics & Ideal Buyer Profile

This is a 792 sqft home on a notably large 4,926 sqft lot in the William Whyte neighbourhood of Winnipeg, built in 1963. Its standout feature is the land: it ranks in the top 3% in the neighbourhood for lot size and top 12% on the street. The house itself is compact—below average in living area compared to nearby homes and citywide—but the property holds an assessed value of $232k, which is well above the neighbourhood average of $149k and around average for the street.

The appeal here is not a move-in-ready showpiece but a property with underlying value in land. The house is modest and dated, but the lot offers potential for expansion, a large garden, or future redevelopment. The assessed value being top 9% in the neighbourhood suggests the market already recognizes this gap between house size and land worth.

This property suits a buyer who is willing to invest in a fixer-upper or a renovation, or someone who prioritizes outdoor space over interior square footage. It could also work for an investor looking for land-banking in a neighbourhood with below-average current prices but decent citywide access. It is less suited for someone seeking a turnkey home with generous living space.

Five Possible FAQs

1. The living area is small—will that make it hard to resell later?
Not necessarily. The land-to-building ratio is unusually high for this street and area, which appeals to a specific set of buyers. Smaller homes on large lots have different resale potential than small homes on small lots. The value is in the land, not the structure. If you improve the house or the neighborhood continues to appreciate, the lot size works in your favor.

2. Why is the assessed value so high compared to other houses nearby if the living area is below average?
Assessed value considers the land separately from the building. In William Whyte, many homes are older and on modest lots. This property’s lot is nearly 50% larger than the neighborhood average, which lifts the overall assessment. It’s not that the house is worth more—it’s that the property as a whole includes a scarce asset: a deep, usable yard.

3. How old is the house, and what does "around average" for year built mean?
The house was built in 1963. On the street, that’s newer than most (top 34%), and in the neighborhood, it’s significantly newer than the average home built in 1927 (top 16%). Citywide, it’s about average. So you get a mid-century structure in an area with many much older homes—potentially meaning better foundations or electrical than a century home, but still requiring updates.

4. The citywide rank for land area is only top 58%—is the lot actually big?
It depends on the comparison. Within William Whyte and on Burrows Avenue, yes—it’s very large. Citywide, Winnipeg has many suburban lots that are larger, often 5,000–7,000 sqft or more. So the lot is big for this neighborhood, but not oversized by city standards. It’s ideal for someone who wants more outdoor space than their immediate neighbours, not necessarily a sprawling suburban yard.

5. Is the neighborhood improving, or are these low rankings a warning sign?
The data doesn’t directly measure trends, but the combination of below-average living area and above-average assessed value relative to the neighbourhood suggests that land values in William Whyte have risen faster than the housing stock has been updated. That often signals an area in transition—where older homes are being bought for their lots or being renovated. It’s not a high-demand area citywide yet, but the top-3% land ranking within the neighbourhood implies scarcity, which tends to attract attention over time.