Property Overview
This one-storey home on Alfred Avenue in Winnipeg's Burrows Central neighbourhood presents a specific and straightforward opportunity. Built in 1910, its key characteristic is its modest scale, with 804 sqft of living space and a 2,558 sqft lot. The property features a detached garage and an unrenovated basement. Its appeal lies primarily in its land value and location, rather than the size or condition of the home itself. The lot size is notably larger than many on its street, and its assessed value ranks above average for the immediate area. This suggests the underlying property holds value potential.
It would suit a buyer looking for an affordable entry point into the market, possibly a first-time homeowner comfortable with a smaller living space or an investor considering the land's future potential. It's a practical choice for someone whose priority is securing a location rather than a move-in-ready home, with the understanding that any updates or expansions would be a future project.
Frequently Asked Questions
1. Is the home in livable condition?
The listing notes the basement is "not renovated," which suggests the home likely requires updates and a thorough inspection is essential to understand its current state and any immediate repair needs.
2. Why is the assessed value higher than nearby similar-sized homes?
The property's assessed value ranks above the street average. This is often influenced by its larger-than-average lot size for the immediate area, indicating the land itself is a significant component of its value.
3. What are the possibilities for expanding or renovating?
With a living area below the street average but a lot size that's relatively generous for the area, there may be potential to expand the footprint of the home in the future, subject to local zoning and building regulations.
4. How does the sale history affect the current price?
The home last sold in December 2020 for $17,800. The current assessed value is $19,200. This recent history provides a concrete benchmark for market value over the past few years.
5. What is the neighbourhood like for daily living?
Being in Burrows Central, it offers central Winnipeg accessibility. Prospective buyers should visit at different times to gauge traffic, noise, and overall community feel, as these factors are personal and not captured in data points.