Property Overview: 1111 Alfred Avenue
Key Characteristics & Appeal
This one-and-a-half storey home in Burrows Central presents a compelling opportunity centered on value and space. Built in 1956, it is notably newer than most homes on its street and in the immediate neighbourhood, suggesting potentially fewer concerns with aging infrastructure. The 1,300 sqft living area is generous for the area, offering more interior space than approximately 80% of similar Burrows Central homes. A key feature is the renovated basement, adding functional living space.
The appeal lies in its strong positional value within its market segment. The property consistently ranks well above average for its street and neighbourhood in key metrics like year built, living area, and assessed value. This indicates a home that stands out locally for its size and relative modernity, while remaining accessible within the wider city market. The detached garage and a land size over 3,400 sqft provide practical utility and outdoor space.
This home would suit first-time buyers or investors seeking a value-oriented entry into the market with a property that offers more space and a newer build date than its immediate peers. It’s also a practical fit for those who prioritize a renovated basement and the flexibility of a detached garage.
Frequently Asked Questions
How does the property’s value compare?
The home’s assessed value ranks in the top 11% for the Burrows Central neighbourhood, meaning it is valued higher than most comparable homes nearby. Historically, its sale prices have also trended well above the local average.
Is the land size typical?
At 3,422 sqft, the lot is above average for both Alfred Avenue and the Burrows Central area, but is below the citywide average. This means you get a sizable yard for the neighbourhood without the premium of an exceptionally large urban lot.
What does “above average for year built” mean here?
While the home is 70 years old, it is newer than about 87% of homes on its street and in Burrows Central. This context is important, as it may relate to the style of construction and the potential lifespan of major components compared to neighbouring houses built in the early 1900s.
How stable has the property’s value been?
The last two recorded sales show significant appreciation, from $23.5k in 2017 to $30.5k in 2021. This suggests strong value growth within its local context during that period.
Who might this property not suit?
Buyers seeking a home that is newer than the citywide average or a lot size that ranks highly across all of Winnipeg may find this property doesn’t meet that broader criteria. Its strengths are most apparent within the local neighbourhood context.