Property Overview: 897 Alfred Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-storey home in Burrows Central, built in 1910, offering a blend of historical charm and practical updates. Its key features include a renovated basement and a detached garage. With a living area of 748 sqft, the home is compact and efficient, suited for a simpler lifestyle. The lot size of 2,731 sqft is modest for the street but provides adequate outdoor space.
The primary appeal lies in its value and manageability. The home's assessed value is notably below the Winnipeg average, positioning it as an accessible entry point into the market. It’s particularly well-suited for first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance property with the upside of an already-renovated basement. A less obvious perspective is its potential for those interested in a "right-sizing" move—it offers the character of an older neighborhood without the overwhelming scale and upkeep of a larger, newer home. Its average rankings on the street for value and year built suggest it fits comfortably within the local context, offering stability rather than standing out.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the city and review the renovations for compliance with building codes.
2. How does the low 2020 sale price affect the current value?
The prior sale price of $15,500 is a historical data point and likely reflects the property's condition at that time. The current assessed value of $160k is a more relevant benchmark for today's market, though the final sale price is always determined by current market conditions.
3. What are the implications of the smaller living area?
The 748 sqft layout requires efficient use of space. It favors minimalist living and may limit larger gatherings. However, this often translates to lower utility costs and less time spent on cleaning and maintenance.
4. Is the older age of the home (1910) a concern?
While the home has been standing for over a century, its "around average" year-built ranking for the street indicates many neighboring homes are from a similar era. A thorough inspection is crucial to understand the condition of foundational elements, wiring, and plumbing, which may have been updated over time.
5. Who might this property not suit?
It may not be ideal for buyers needing multiple bedrooms, dedicated home office spaces, or those who entertain large groups frequently. It's also less likely to attract buyers seeking a modern, open-concept layout typically found in newer builds.