Property Overview: 984 Alfred Avenue, Winnipeg
Key Characteristics & Appeal
This is a practical, no-frills home built in 1935, offering a solid foundation in the Burrows Central neighbourhood. Its key characteristics are defined by value and potential rather than luxury finishes. The house is a one-and-a-half storey design with 1,117 sqft of living space, which is notably above average for the immediate area. It sits on a standard city lot and includes a detached garage. A significant point is the basement, which is confirmed to exist but is noted as "not renovated," presenting a clear opportunity for future expansion or improvement.
The appeal lies in its affordability and straightforward footprint, suitable for a hands-on buyer. It suits first-time homeowners comfortable with a property that may require gradual updates, or investors looking for a manageable rental property in a central Winnipeg locale. A thoughtful perspective is that, while the home's assessed value ranks highly on its own street, it sits well below the Winnipeg city-wide average for value. This highlights its position as an accessible entry point into the market. The 1935 build date is also newer than many homes on the block, suggesting potentially fewer immediate concerns related to very old infrastructure.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It indicates the basement is in original or functional condition, but not modernized or finished. Buyers should budget for potential updates and include a thorough inspection to assess its current state and any needed repairs.
2. How does the property compare to others in the area?
The data shows a mix: its living space is generous for Burrows Central, but its lot size is slightly smaller than area averages. Its assessed value is strong for Alfred Avenue, but the last sale price was notably below both the current assessment and city-wide norms, which may reflect its unrenovated condition.
3. Who would this property be a good fit for?
It's best suited for budget-conscious buyers, such as first-time homeowners or investors, who are prepared to take on a property with clear potential for value-adding improvements over time.
4. What is the neighbourhood like?
Burrows Central is a mature, established neighbourhood in Winnipeg. The listing shows homes on the street with a wide range of build dates and sizes, indicating a varied and likely unpretentious streetscape.
5. Are there any obvious red flags from the data?
The most recent sale price in 2020 was significantly lower than the current assessed value. It's important to understand why—whether it was due to condition, market timing, or other factors—and to verify the property's current state through a professional inspection.