Property Overview: 1064 Alfred Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1914, presents a practical opportunity in the Burrows Central neighbourhood. Its primary appeal lies in its generous, above-average lot size (over 4,500 sq ft), offering valuable outdoor space that is a standout feature for the immediate area. The home itself offers a renovated basement and a detached garage, adding functional utility.
The property suits two main types of buyers. First, it's a candidate for value-conscious buyers or investors seeking a home with a lower assessed value and solid "bones," where the land itself represents a significant portion of the asset. Second, the large lot could appeal to those with long-term vision, seeing potential for expansion, gardening, or outdoor projects that are harder to find on standard city lots. It’s a home that offers more potential than prestige, with its strengths rooted in its land and practicality rather than high-end finishes or modern size.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The land area of 4,571 sq ft is notably larger than most in the local area, ranking in the top 7% of lots on Alfred Avenue and the top 13% within Burrows Central.
2. What is the condition of the basement?
The listing notes the basement has been renovated, though the specific scope and quality of that renovation should be verified through a viewing and inspection.
3. Is the assessed value typical for the area?
The assessed value is around the neighbourhood average but is significantly below the city-wide average, reflecting the home's age and the local market context.
4. What are the comparable homes nearby?
Nearby properties on the same street are of similar vintage, but with generally smaller living areas. The provided comparisons show a wide range of styles, sizes, and values in Burrows Central, indicating a diverse streetscape.
5. How old is the home, and what might that mean?
Built in 1914, the home is older than the city-wide average. This suggests potential for classic architectural charm but also underscores the importance of a thorough inspection to understand the condition of major systems like plumbing, electrical, and the foundation.