Property Overview: 1094 Alfred Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, early-20th century one-and-a-half storey home in Burrows Central, built in 1907. Its primary appeal lies in its efficient use of space and its position as a well-maintained, renovated property within its immediate context. With 1,205 sqft of living area, it offers significantly more interior space than many neighbouring homes, making it a relatively spacious option on its street and in the wider neighbourhood. The home features a renovated basement and a detached garage.
The property suits practical, value-conscious buyers. It’s ideal for a first-time homeowner seeking a solid, move-in-ready starter home with character, or an investor looking for a manageable rental property with recent updates. Its above-average assessed value for the area suggests it is in good condition relative to nearby properties. A thoughtful perspective is that this home represents an opportunity to own a larger-than-average living space for the local area without the premium price tag of newer or more centrally located neighbourhoods, offering a sense of roominess that is uncommon on the block.
Frequently Asked Questions
1. Is the land size a concern?
The lot is 2,385 sqft, which is smaller than the city average. However, it is very typical for the established Burrows Central neighbourhood and is actually close to the average for Alfred Avenue itself. It provides a manageable yard with low maintenance.
2. How does the age of the home (1907) affect it?
While 119 years old, the home has a renovated basement, indicating updates have been made. Buyers should prioritize a thorough inspection to understand the condition of core systems (plumbing, electrical, foundation) common to houses of this era, but the renovation work is a positive sign.
3. The assessed value seems low. What does that mean?
The assessed value of $23,800 is above average for both Alfred Avenue and Burrows Central, signalling that the municipality views this property as being in better condition or having more value than many around it. The "below average" city-wide ranking simply reflects Winnipeg's wide range of property values, from central condos to suburban estates.
4. Who might this property not suit?
It may not suit buyers seeking a large, modern suburban lot, extensive square footage, or a home that requires no ongoing maintenance or updates. The smaller lot and age of the home mean outdoor space and potential heritage-era upkeep are factors.
5. How does the recent sale history influence the price?
The home sold for $23,200 in June 2020, which is very close to its current assessed value. This recent transaction provides a concrete, comparable data point for the property's market value, offering a grounded benchmark for pricing.