Property Overview: 1000 Alfred Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Burrows Central presents a compelling mix of modern convenience and value-focused living. Its standout feature is its age: built in 2014, it is a notably newer construction compared to most homes on its street and in the wider neighbourhood, where the average home is nearly a century old. This translates to likely benefits such as updated building systems, modern insulation, and minimal immediate repair needs.
The home offers 1,318 sqft of living space, which is generous for the area, and includes a renovated basement. It sits on a modest 2,281 sqft lot. The appeal here is rooted in practicality and efficiency. It suits a first-time homebuyer or an investor seeking a relatively modern, low-maintenance property without the premium price tag of a new-build in a more expensive suburb. It’s also a sensible choice for those who prioritize the interior condition and systems of a home over a large outdoor space. The property’s assessed value is elite for the immediate area, suggesting it is viewed as a substantial improvement over neighbouring properties, though it sits around the average mark city-wide, indicating solid value within the broader Winnipeg market.
Section 2: Frequently Asked Questions
1. What does the "elite" ranking for Year Built actually mean?
It means this 2014-built home is among the newest 2-5% of properties on its street and in the Burrows Central neighbourhood, where most homes were built in the early 1900s. You are effectively buying a modern house in a historic area.
2. The land area is ranked in the bottom 7% for the street. Is that a major drawback?
It depends on your priorities. The lot is smaller than most in the area, which means less yard to maintain but also less private outdoor space. The trade-off is that the living area inside the home is significantly larger than many neighbourhood comparables.
3. How does the 2020 sale price of $290k relate to the current assessed value of $30.3k?
The assessed value (used for calculating property taxes) is not an indicator of market value. The $290k sale price from 2020 is the relevant market comparison. The high percentile ranking of the assessed value indicates that, for tax purposes, this property is valued much more highly than its older neighbours, likely due to its new construction.
4. Who would this property not suit?
It may not suit buyers looking for a large, traditional yard or those seeking a neighbourhood dominated by character homes of a similar era. The modern design might stand out among older neighbouring houses.
5. What is the significance of the "renovated basement"?
Given the home's age, this likely indicates a finished lower level completed after the initial build, adding valuable livable or recreational space. It’s a positive feature that enhances the home's overall utility beyond its already above-average main living area.