Property Overview: 1005 Alfred Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Burrows Central presents a solid, renovated foundation in a mature neighbourhood. Built in 1948, it is notably newer than many homes on its street and in the immediate area, which may suggest fewer concerns related to very old infrastructure. The 1,248 sqft living area is comfortably above average for the neighbourhood, offering more interior space than many nearby properties. A key feature is the renovated basement, adding functional living space. The home sits on a 3,005 sqft lot, which is typical for the street, and includes a detached garage.
Its appeal lies in its position as a well-sized, updated home within an established community. The data indicates it consistently ranks above average for its immediate context—in living area, year built, and assessed value—suggesting it is a stronger-than-average property within its local market. This would suit practical buyers looking for a move-in-ready home with modern touches, without the premium of a new development. It’s particularly suited for first-time homeowners or small families who value space, a recent renovation, and a neighbourhood with character over a sprawling lot or a brand-new build.
Frequently Asked Questions
1. How does the assessed value relate to the likely sale price?
The home’s assessed value is significantly lower than its last sale price of $260k in 2022. Assessed values in Manitoba are for tax purposes and often don’t reflect current market value, which is influenced by recent sales, condition, and renovations like the one noted here.
2. Is the lot size a pro or a con?
At just over 3,000 sqft, the lot is average for the street but below the citywide average. This means lower maintenance, which is a plus for many, but offers less private outdoor space than newer suburban lots.
3. What does "above average for the neighbourhood" really mean for me?
The metrics show that compared to nearby homes, this property is newer, larger, and has a higher official assessment. This can indicate better relative condition and potentially stronger value retention within the local area, even if citywide comparisons differ.
4. The home is older. Should I be concerned about major systems?
While built in 1948, it is decades newer than many neighbours. The renovated basement is a positive sign of updates. A thorough inspection would still be crucial to determine the age and condition of the roof, wiring, plumbing, and heating systems.
5. What is the context of the 2022 sale price?
The property sold for $260k in early 2022. The market has undergone changes since then, so this figure is a relevant data point but not a guaranteed current value. Reviewing recent sales of similar, updated homes in Burrows Central is essential for understanding today’s price.