Property Overview & Key Characteristics
This one-and-a-half storey home on Alfred Avenue, built in 1927, presents a practical and updated living space in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its balance of character and modern convenience, most notably featuring a renovated basement that adds valuable finished space to the 1,052 sqft main living area. The property sits on a standard city lot of just over 3,000 sqft and includes a detached garage.
The home’s metrics are consistently "around average" when compared directly to its immediate street and neighbourhood, suggesting it fits comfortably within the local market context without extreme outliers in size, age, or value. This makes it a straightforward, lower-maintenance entry into homeownership. It would suit first-time buyers or practical investors looking for a move-in-ready property with recent updates, particularly the basement, and who value the character of an older home without the scale of a major restoration project. A thoughtful perspective is that its "average" standings in the area can be a stability advantage, insulating it from being over-improved for the block, while the renovated basement offers functional space that isn't reflected in the older home's modest original square footage.
Frequently Asked Questions
1. What does "around average" for the assessed value actually mean?
Compared to similar homes on Alfred Avenue and in Burrows Central, this home's assessed value is typical. However, it's significantly below the citywide average, which is skewed by newer and higher-value areas, indicating this is a more affordable pocket of Winnipeg.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify the permits and compliance of the renovation with the city to understand its approved use.
3. What are the implications of the home being built in 1927?
While the home has been maintained, buyers should anticipate the potential for age-related upkeep, such as original plumbing or electrical components, and consider a thorough inspection. Its age is typical for the street and area.
4. How does the detached garage impact the property?
A detached garage offers useful storage or workshop space and can be a preference for some, though it may be less convenient during winter months compared to an attached option. It is a standard feature for homes of this era in the neighbourhood.
5. The home sold in 2017 for $17.5k; what does that price indicate?
This very low sale price is almost certainly for the land value only, indicating the prior sale likely involved a teardown or a severely derelict structure. The current listing is for a livable, renovated home, so its market value will be substantially higher and not directly comparable to that 2017 transaction.