Property Overview: 1102 Alfred Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Burrows Central is defined by its generous proportions and solid positioning within its immediate area. Built in 1949, it is a newer construction compared to many homes on its street and in the neighbourhood. The standout features are its spacious 4,297 sqft lot, which is significantly larger than area averages, and its 1,372 sqft of living space, which offers more room than most comparable local homes. The property includes a detached garage and a basement (not renovated), situated on a quiet, established street.
Its primary appeal lies in its above-average footprint and land size for the area, presenting a substantial canvas for a buyer. It suits a practical buyer or investor who values space and sees potential. This isn't a move-in-ready showcase home, but a property with strong foundational metrics—a larger, newer home on a bigger lot than its neighbours, often a key formula for long-term value in established communities. It would be ideal for a hands-on owner looking to gradually renovate and customize, or an investor recognizing the inherent value of land and living area that outperforms local benchmarks.
Frequently Asked Questions
1. What does "above average" for Year Built mean here?
While built in 1949, this home is newer than most on Alfred Avenue and in Burrows Central, where many homes date to the early 1900s. This could suggest updates to core systems over time, though specific conditions should be verified.
2. How should I interpret the Assessed Value figures?
The assessed value is for municipal tax purposes and is not a market price. That this value ranks highly on its street indicates the city assesses it as a more substantial property compared to its direct neighbours, which often correlates with its larger lot and living area.
3. The lot is large, but what about the house's condition?
The listing notes an unrenovated basement. Given the home's age, buyers should budget for modernizations. The value proposition is the space and land; the condition likely reflects its price point.
4. Who are the typical buyers in this area?
Burrows Central often attracts first-time homeowners, practical investors, and multi-generational families seeking value and space. This property, with its larger scale, would appeal to those in those groups who prioritize room to grow over immediate finish quality.
5. How does the last sale price relate to today's value?
The home sold for $23,300 in 2017. Market conditions have changed significantly since then. This historical data is a reference point, but a current market evaluation is essential to understand its present value.