Property Overview
826 Alfred Avenue is a one-storey home in Winnipeg's Burrows Central neighbourhood, built in 1915. It sits on a 3,003 sqft lot and offers 1,224 sqft of living space. The home has a basement that is not renovated and does not feature a garage or pool. Its most recent recorded sale was in April 2017 for $14,200, and its current assessed value is $18,300.
Key Characteristics & Appeal
This property presents a straightforward, no-frills opportunity centered on its land and living space. Its primary appeal lies in its above-average interior size for both the immediate street and the broader Burrows Central area, offering more room than many comparable homes. The lot size is typical for the local area but is significantly smaller than the Winnipeg city average, framing this as a neighbourhood-centric purchase.
The home would suit a pragmatic, value-focused buyer. This could include a first-time homeowner comfortable with a property requiring updates, an investor looking for a rental property with a classic layout, or someone seeking a functional living space in a established neighbourhood without premium costs. Its lower assessed value compared to the citywide average highlights its position as an accessible entry point into the market. A thoughtful perspective is that this home represents the "bones" of a property—its value is fundamentally in the existing structure and lot, offering a clear canvas for incremental improvement without the premium of a recently renovated home.
Frequently Asked Questions
1. What does it mean that the basement is "not renovated"?
This typically indicates the basement remains in a basic, unfinished, or utility state. It likely houses essential systems (furnace, water heater) but is not developed into a livable family room, bedroom, or finished storage space. Budgeting for potential moisture management or improvements would be prudent.
2. How significant is the lack of a garage?
For this neighbourhood and property type, the absence of a garage is common. Buyers should plan for on-street parking and consider the practicalities of Winnipeg winters. The lot size does not leave ample room for a large detached garage without sacrificing most of the yard space.
3. The home was last sold in 2017 for $14,200. Why is the assessed value now $18,300?
The 2017 sale price is a historical data point and may not reflect current market conditions, the property's state at that time, or the specifics of that transaction. The current assessed value is the city's estimate for taxation purposes and is a separate metric from market value, though it often serves as a baseline for comparison.
4. How does the living area compare to nearby homes?
The 1,224 sqft living area is notably larger than many immediate peers. For example, compared to the provided nearby references on Magnus and Aberdeen Avenues (which range from 707 to 968 sqft), this home offers substantially more interior space, which is a key differentiator.
5. What is the context for the "below average" citywide rankings for lot size and assessed value?
These rankings show the property is modest compared to the entire Winnipeg market, which includes newer suburbs with larger lots and higher-value homes. This isn't necessarily a drawback; it confirms the property is positioned in a more affordable segment, offering a specific value proposition for buyers targeting established inner-city neighbourhoods.