1122 Alfred Avenue

Property Overview & Key Characteristics

This one-storey home on Alfred Avenue presents a straightforward, value-oriented opportunity in Winnipeg's Burrows Central neighbourhood. Built in 1910, its key appeal lies in its affordability and land potential. The 740 sqft living area is compact and functional, while the 2,285 sqft lot offers valuable outdoor space and future potential in a city where lot size is increasingly a premium. The home has a basement, but it is not renovated, and there is no garage or pool.

Its primary appeal is to practical buyers seeking an entry point into the market, investors looking for a land-value play, or those comfortable with a home that may require updates over time. It suits someone who prioritizes location and lot size over move-in-ready finishes. A thoughtful perspective is that, while the home ranks below average in size and assessed value city-wide, it sits closer to the average for its immediate street and area, suggesting it is a typical offering for this specific, established community. This isn't a luxury property; it's a grounded starting point with the land acting as a stable asset.

Frequently Asked Questions

1. What does the "below average" ranking for land area mean?
While the lot is smaller than the Winnipeg average, it is actually quite typical for the Burrows Central area. The ranking indicates you're purchasing a standard-sized lot for this neighbourhood, not an unusually small one.

2. Is the low assessed value a concern?
Not necessarily. The assessed value is for municipal tax purposes and is often significantly lower than market value. It being "around average" for Alfred Avenue suggests the property is in line with its immediate surroundings.

3. What should I know about a house built in 1910?
You should budget for and prioritize a thorough inspection. While the structure has proven durable, original components like wiring, plumbing, and insulation may need updating to modern standards. The unrenovated basement should be checked for moisture and foundation integrity.

4. Who would this property not suit?
It would not suit buyers seeking a turn-key home, those needing multiple bedrooms or ample living space, or anyone unwilling to take on potential renovation projects. The lack of a garage is also a consideration.

5. What is the potential here for the future?
The long-term potential is tied to the land. The lot provides room for expansion, gardening, or outdoor living. For the right buyer, the combination of a low entry price and a decent lot size in an established area represents a canvas for future improvement.