Property Overview: 1081 Alfred Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Burrows Central presents a practical opportunity. Built in 1914, its key feature is a renovated basement, adding valuable modernized living space to the 1,165 sqft footprint. The home sits on a modest 2,284 sqft lot with a detached garage. Its appeal lies in its relative size and condition within its immediate context: the living area is notably above average for the Burrows Central neighbourhood, and the assessed value is strong for Alfred Avenue. This suggests a property that stands out positively on its own street in terms of space and municipal valuation.
The property would suit a first-time buyer or an investor looking for a character home with some updates in a central, established neighbourhood. It’s a home that makes sense for someone whose priority is interior space and modernized basics over a large yard. A thoughtful perspective is that its "below average" lot size city-wide is actually a low-maintenance feature for the right buyer, while its above-average living area for the area offers more interior room than many neighbouring homes.
Frequently Asked Questions
1. What does "renovated basement" typically mean for a home of this era?
It usually indicates foundational living space that has been modernized, potentially as a rec room, additional bedroom, or suite. Given the home's age, verification of the renovation's permits, moisture control, and ceiling height is advised.
2. The assessed value seems low compared to the city-wide average. Why?
Municipal assessed value is for taxation purposes and is heavily influenced by local sale prices. This assessment is actually above average for its own street, reflecting its standing in the immediate market rather than the broader Winnipeg market.
3. How does the lot size impact potential for expansion or outdoor space?
At 2,284 sqft, the lot is compact. This limits potential for large additions or extensive landscaping but also means lower maintenance. Any future expansion would need to carefully consider zoning bylaws and setback requirements.
4. The home last sold in 2020. What should I consider?
The 2020 sale price provides a recent market benchmark. It’s important to investigate what changes, if any, have been made since that purchase to understand the current value proposition.
5. How does this home compare to the nearby referenced properties?
It offers more living area than the directly neighbouring homes on Alfred Avenue (e.g., 1079 Alfred Ave. at 600 sqft). Its assessed value is also higher than those nearby, suggesting it is viewed as a larger or more improved property on the block.