1043 Alfred Avenue

Property Overview: 1043 Alfred Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, early 20th-century home in Burrows Central, built in 1910. Its key feature is a renovated basement, adding functional living space to the 772 sqft main floor. The property includes a detached garage and sits on a modest 2,276 sqft lot.

The primary appeal lies in its value and potential as an entry point into the market. With an assessed value significantly above average for its immediate street and neighborhood, it represents a well-maintained asset in its local context. It suits first-time buyers, investors, or downsizers seeking an affordable, no-fuss property with updated essentials. The renovated basement is a practical advantage, offering flexibility for a utility room, extra storage, or a simple recreational area. A thoughtful perspective is that its smaller scale can mean lower utility costs and less maintenance, appealing to those seeking simplicity and efficiency over size.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to nearby homes?
The home’s assessed value of $21,700 is above the average for both Alfred Avenue and the broader Burrows Central neighborhood, suggesting it is in a better state of assessment relative to many close-by properties.

2. Is the living space smaller than typical homes?
Yes. At 772 sqft, the living area is below the average for the street, neighborhood, and city. This indicates a cozy, efficiently laid-out home rather than a spacious one.

3. What does the "renovated basement" likely include?
While specific finishes aren't listed, a "renovated basement" typically means it has been finished into a usable living space with proper walls, flooring, and ceiling, as opposed to being an unfinished cellar.

4. How old is this house, and what should I consider?
Built in 1910, the home is older than most in Winnipeg. Prospective buyers should prioritize a thorough inspection to understand the condition of foundational elements, plumbing, and electrical systems, which may have been updated over time.

5. The lot seems small. Is that a disadvantage?
The lot is smaller than most in the city, which limits extensive outdoor projects but also reduces yard maintenance. It’s a trade-off that can be ideal for those who prefer a low-maintenance property.