Property Overview: 1027 Alfred Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its straightforward, no-frills profile. With a living area of 1,057 sqft on a 2,504 sqft lot, the house offers a manageable size for a small household or first-time buyer. The detached garage is a valuable asset for parking or storage.
The home’s assessed value is notably below the Winnipeg city average, indicating a potentially accessible entry point into the market. The lot size, while below average for the city, is typical for the immediate street and area, suggesting a low-maintenance yard. The unrenovated basement presents a clear canvas for future improvements.
This property would best suit a buyer looking for a functional starter home, an investor seeking a rental property, or a hands-on individual comfortable with a home that may require updates over time. Its value proposition is grounded in essentials rather than luxury, offering the core components of homeownership without premium costs.
Section 2: Frequently Asked Questions
1. What does "below average" for land area and assessed value actually mean for this home?
It means the lot and the city's valuation are smaller and lower than the typical Winnipeg home. However, within its own neighbourhood and street, it is much more comparable to surrounding properties. This highlights its context as a standard offering for the Burrows Central area.
2. Is the older year (1914) a major concern?
While the home is over a century old, its build year is actually around the average for Alfred Avenue and Burrows Central. This suggests the area is established with character homes, and any considerations regarding aging components (like plumbing or wiring) would be common among neighbouring properties.
3. The home sold very recently in July 2023. Why is it back on the market?
The brief ownership period could be due to many neutral factors, such as a change in the owner's personal circumstances, an investment flip, or a relocation. It’s a point for due diligence, but not inherently a red flag on its own.
4. What can I infer from the "unrenovated basement"?
This typically indicates the basement is in original or functional condition, but not modernized as finished living space. It offers utility and storage potential, but any development into a rec room or suite would be a future project for the buyer.
5. How useful is the detached garage?
In a practical neighbourhood, a detached garage is a significant benefit for vehicle protection, workshop space, or secure storage. It adds daily utility that can be more valuable than a comparable home with only on-street parking.