Property Overview: 824 Alfred Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1927, presents a solid opportunity in Winnipeg's Burrows Central neighbourhood. Its key features include a renovated basement and a detached garage. With 1,170 sqft of living space, it offers more room than many comparable homes in the immediate area, ranking in the top 18% locally for size. The lot is a standard city size for its neighbourhood at just over 3,000 sqft.
The appeal lies in its established community setting and practical updates. The renovated basement adds valuable functional space, a significant advantage in a home of this era. While its assessed value is modest citywide, it ranks above average for its street, suggesting it is a well-regarded property within its specific context. This home would best suit first-time buyers, practical investors, or downsizers looking for a character home with some modern touches, without the premium of a newer or larger suburban lot. A thoughtful perspective for buyers is to value its "above-average for the street" status—it often indicates a property that has been maintained comparably better than its direct neighbours, which can contribute to stability and pride of ownership.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,170 sqft, this home offers more living space than most in the Burrows Central area, where comparable homes average about 962 sqft. It provides a roomier interior than many of its local peers.
2. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope, quality, and permits should be verified. A professional inspection is recommended to detail the finishes, moisture control, and intended use of the space.
3. Is the assessed value a good indicator of the likely sale price?
Not directly. The assessed value for municipal taxes is $20,400, but the home last sold in June 2021 for $210,000. Market conditions, the renovated basement, and buyer demand will determine the final sale price, not the tax assessment.
4. How does the lot size impact potential?
The 3,003 sqft lot is typical for the street and neighbourhood. It provides adequate outdoor space for a garden or patio but is not large enough for major expansions or subdividing, which is common for central Winnipeg homes.
5. What is the significance of the home's rankings versus the city-wide averages?
This highlights the importance of neighbourhood context. While the home ranks below Winnipeg-wide averages for metrics like lot size and year built (as most older core homes do), it performs at or above average within its own community. This suggests it is a competitive property within its specific market segment.