Property Overview: 1028 Alfred Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home built in 1930 on a standard city lot in Burrows Central. Its primary appeal is as an affordable entry point into homeownership or as a straightforward investment property. With 809 square feet of living space and an unrenovated basement, it presents a blank canvas for a handy buyer or investor. The lot size, while below the city average, is typical for the immediate street and neighbourhood.
The home suits practical buyers with clear intentions. It would be ideal for a first-time buyer comfortable with gradual DIY updates, or an investor looking for a rental property with a low entry cost. Its assessed value and recent sale prices are consistently modest and align closely with similar homes in the area, indicating a stable, no-frills market value. A less obvious perspective is its potential for someone seeking to minimize living expenses or property tax burden, as the costs associated with this home are well below city averages. Its age and condition mean it’s not for someone seeking move-in readiness, but rather for those who see value in fundamentals and opportunity in a project.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a main floor with principal rooms and a second floor under sloped ceilings, often containing bedrooms. Given the era, expect smaller, cozier rooms.
2. Is the basement usable?
The listing specifies it is "not renovated." It is likely a traditional, foundational cellar space suitable for utilities and storage, but not finished living area.
3. How does the lot size compare?
At 2,281 sqft, the lot is smaller than the Winnipeg average but is standard for Alfred Avenue and the Burrows Central neighbourhood, where many properties are of a similar scale.
4. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's modest size, age, and condition relative to the entire Winnipeg market, which includes many newer and larger homes. It is in line with values for comparable properties in its immediate area.
5. What can recent sale prices tell me?
The home sold in 2022 for $20,500 and in 2017 for $19,500. This price stability suggests a market with low volatility, where value is driven more by lot and location than the structure itself.