Property Overview
This one-and-a-half storey home on Alfred Avenue presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Built in 1947, its key appeal lies in the land itself—a 4,570 sqft lot that is notably larger than most in the immediate area and ranks within the top 7% for size on its street. The 980 sqft living area is functional and typical for the locale. The property features a detached garage and an unrenovated basement, indicating it's a home that holds potential for customization or expansion, rather than offering move-in-ready finishes.
Its strongest suit is for a value-focused buyer. The assessed value is above average for the street and neighbourhood, yet well below the city average, suggesting a relatively accessible entry point. This would suit a first-time buyer comfortable with a project, an investor looking for a land-value play with a rentable structure, or someone seeking a modest home with the valuable upside of ample outdoor space in a central location. It’s a property where the investment is more in the ground and the future possibilities than in current luxury.
Frequently Asked Questions
1. What does "above average" for land area actually mean here?
It means the lot is a standout feature. At 4,570 sqft, it's significantly larger than the average lot on Alfred Avenue (~3,225 sqft) and in Burrows Central (~3,491 sqft), offering more privacy and space for gardens, play, or additions than most nearby properties.
2. The assessed value seems low. What does that indicate?
The assessed value is for municipal tax purposes and reflects factors like the home's age, condition, and market trends in its specific area. It being above average for the street but below the city average is common for established, modest neighbourhoods and can signal a lower property tax burden relative to newer parts of the city.
3. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional but basic space typical of a home of this era. It likely has concrete walls and floors, and may be suited for laundry and storage. Any finishing or significant moisture-proofing would be a project for a future owner.
4. How does the 1947 build year compare to nearby homes?
It's actually newer than many homes in the area. On Alfred Avenue and in Burrows Central, the average comparable home was built in the late 1920s to mid-1930s, so this property is a decade or two more recent than many of its immediate peers.
5. Who are the most likely buyers for this type of property?
This home primarily appeals to practical buyers. This includes first-time purchasers seeking an affordable entry into homeownership with space to grow, investors interested in the solid land value and rental potential, or downsizers looking for a manageable property with a good-sized yard in a central location.