Property Overview: 1018 Alfred Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, one-storey home built in 1912, presenting a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its position as an affordable entry point into the market, with a very low assessed value that suggests a manageable property tax burden. The home features a detached garage and a full, unrenovated basement, offering functional space and potential for future customization.
The lot, while smaller than many in the city, is a typical size for its immediate street and area. The living space of 880 sq. ft. is modest but comparable to other homes in Burrows Central. A thoughtful perspective for a buyer is that this property represents a "blank canvas" scenario—its value is primarily in the land and the structure's potential, not in recent upgrades. It would suit a first-time buyer comfortable with a project, an investor looking for a rental property with a stable foundation, or someone seeking the absolute lowest possible carrying costs. Its unrenovated state means the next owner can tailor improvements to their own taste and budget without paying a premium for someone else's renovations.
Section 2: Frequently Asked Questions
1. What is the true condition of the home?
The listing notes the basement is "not renovated," which typically indicates it remains in an original or utilitarian state. Given the home's age (114 years), buyers should budget for a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $16,700 is in line with similar homes on Alfred Avenue and in Burrows Central. It reflects the home's age, size, and the market values of the immediate area, not the broader Winnipeg market which includes many newer, larger homes.
3. Is the small lot size a disadvantage?
While the land is below the city average, it is typical for the neighbourhood. This can be an advantage for those seeking lower maintenance or who prioritize interior living space over yard work. The detached garage still provides off-street parking.
4. What are the potential next steps for renovation?
The unrenovated basement presents the most immediate opportunity to add liveable or storage space. Updates to the main floor living area (880 sq. ft.) and essential systems would likely be the primary focus to improve comfort and functionality.
5. How does the recent sale history influence the price?
The home sold previously in early 2020 for $15,900. This recent transaction provides a concrete data point for comparison, suggesting a stable value in this specific market segment over the past few years.