Property Overview
This one-and-a-half storey home on Alfred Avenue, built in 1914, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its value proposition and potential. With 800 sqft of living space and an unrenovated basement on a 2,504 sqft lot, it is a modestly sized property that last sold for $140,000 in 2021. The home's assessed value is significantly below the citywide average, indicating a lower property tax burden.
The key characteristics suggest it suits a specific buyer. It’s a candidate for a first-time homebuyer seeking an entry point into the market, an investor looking for a rental property with a manageable overhead, or a hands-on individual interested in a gradual renovation project. Its lot size, while below average for the street, is still a useable footprint. The home’s age and condition mean its appeal is grounded in practicality and future potential rather than immediate move-in readiness. A thoughtful perspective is that its below-average metrics compared to the city might represent a more affordable and stable ownership model, insulated from the premium prices of newer or larger homes.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement is in original or functional condition, lacking modern finishes. Buyers should budget for potential updates and anticipate a professional inspection to assess foundational and mechanical systems common in homes of this era.
2. How should I interpret the comparative rankings for land and living area?
While the lot and living space are below the average for Alfred Avenue, they are closer to the average for the broader Burrows Central neighbourhood. This indicates the property is more typical of the area than the specific street, which may have some larger lots.
3. Is the low assessed value a positive?
It can be. A lower assessed value typically results in lower municipal property taxes, which reduces annual carrying costs. It does not directly reflect market sale price, which is influenced by other factors.
4. What is the significance of the home being built in 1914?
Homes from this period often feature solid construction but will likely require updates to wiring, plumbing, and insulation to meet modern standards. The character and layout will differ from newer builds.
5. There's no garage; what are the parking options?
The listing notes no garage. Buyers should verify on-site street parking regulations and availability directly, as this will be essential for daily use.