Property Overview: 969 Alfred Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1913, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key characteristics include a 1,036 sqft living area, a full (but unrenovated) basement, and a 3,004 sqft lot, with no garage or pool. The appeal lies in its straightforward, no-frills profile and its position as a relative value within its immediate area. While its assessed value is modest city-wide, it ranks above average for its street and neighbourhood, suggesting it is priced appropriately for the local market. Recent sale history shows steady activity.
This property would suit a first-time buyer or an investor looking for an entry point into the Winnipeg market without a premium price tag. It’s also a candidate for someone with renovation skills, given the basement condition and the home’s age, who can add value over time. A less obvious perspective is that its very average metrics for the street—in lot size, living area, and year built—mean it’s a stable, predictable option unlikely to be over-improved relative to its peers, which can simplify future resale.
Section 2: Frequently Asked Questions
1. How does this home compare to others nearby?
The home is consistently around average for Alfred Avenue and the Burrows Central area in terms of lot size, living space, and age. Its assessed value is also competitive within the neighbourhood, ranking slightly above the local median.
2. What should I consider about the home’s age?
Built in 1913, the home will likely require ongoing maintenance and updates. The unrenovated basement presents both a project and an opportunity to customize. It’s advisable to have thorough inspections for foundational, electrical, and plumbing systems common to houses of this era.
3. Is the lot size a pro or a con?
At just over 3,000 sqft, the lot is fairly standard for the inner city but below the Winnipeg average. This means lower exterior maintenance, but also limited space for expansions, additions, or extensive outdoor amenities.
4. How is the value trending based on recent sales?
The home sold in March 2021 for $172,000 and again in September 2021 for $213,000. This recent increase suggests active market interest, but it’s essential to research current market conditions to see if this trend has continued or stabilized.
5. Who might this property not suit?
It may not be ideal for buyers seeking a move-in-ready home with modern finishes, due to the unrenovated basement and age. It also lacks a garage, which could be a drawback for those needing vehicle storage or workshop space.