Property Summary: 1077 Alfred Avenue
Key Characteristics & Appeal
This is a classic one-and-a-half storey home in Winnipeg's Burrows Central neighbourhood, built in 1909. Its primary appeal lies in its land value and potential, rather than its current structure. The lot size of 2,284 sq ft is notably below average for the city, but it is typical for the immediate area, representing a lower-maintenance parcel in an established community. With 920 sq ft of living space, the home itself offers compact, functional accommodation. A key feature is the existing, unrenovated basement, which presents a clear opportunity for future development or storage.
The property’s very low assessed value reflects its age and condition, positioning it as an entry point into the market. It would suit a practical, value-oriented buyer—perhaps a first-time investor looking for a hold property, a homeowner with renovation skills seeking a project, or someone prioritizing land ownership in the city over move-in-ready finishes. Its modest scale and lot size also suggest lower ongoing property tax and exterior maintenance obligations compared to larger plots, which can be a thoughtful advantage.
Frequently Asked Questions
1. What does the "below average" lot size ranking mean for me?
While the lot is smaller than the Winnipeg average, it is very typical for homes on Alfred Avenue and in Burrows Central. This often translates to less yard work and lower landscaping costs, which can be a benefit for those seeking a low-maintenance property.
2. The home was built in 1909. Should I be concerned?
The age indicates character and solid construction, but it necessitates a thorough inspection. Focus will be on the condition of foundational elements, plumbing, electrical systems, and the roof. The unrenovated state means original materials may be present, which can be a positive for a restorer or a cost to be aware of for a modernizer.
3. How should I interpret the low assessed value?
The assessed value is for municipal tax purposes and is not a market price. It strongly suggests the city assesses the current improvements (the house) as having minimal value. This typically results in lower property taxes, and the market price will largely reflect the land value and the home's potential.
4. What can be done with the unrenovated basement?
This is a key opportunity space. Subject to moisture control and ceiling height, it could be developed into additional living space, a utility/storage area, or left as-is. Its current state means any renovation would start from a blank slate, allowing for custom design.
5. Who are the typical neighbours or buyers in this area?
Based on nearby property profiles, the area contains a mix of similarly aged, modest-sized homes with a wide range of values and conditions. This suggests a neighbourhood of long-term residents, investors, and value-seeking homeowners, offering a grounded, unpretentious community feel.