Property Overview: 879 Alfred Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-and-a-half storey home in Winnipeg's Burrows Central neighbourhood, built in 1912. Its key characteristics include a detached garage, an unrenovated basement, and a modest 796 sqft of living space. The lot size of 3,004 sqft is notably larger than many city properties, offering valuable outdoor space.
The primary appeal lies in its position as a straightforward, lower-value entry point into the housing market. It suits buyers seeking a functional starter home, an investment property, or a land-value opportunity where the existing structure provides a foothold. The very low assessed value suggests a correspondingly affordable price point, which could appeal to those with renovation skills or investors comfortable with a value-add project. A less obvious perspective is that, while the home itself is below average in size and condition for its immediate street, its lot size is actually above average for the area. This presents a classic "land vs. structure" dynamic, where future potential may be more tied to the property's footprint than its current dwelling.
Section 2: Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement remains in its original or largely unfinished state. Buyers should budget for potential updates to meet modern standards for living space, moisture control, or mechanical systems.
2. How significant is the 1912 build date?
Homes of this era often feature solid construction but will likely require updates to wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition and any latent needs.
3. The assessed value seems very low. What does this mean?
The assessed value is for municipal tax purposes and is not a market price. However, such a low assessment strongly indicates a lower market value relative to the city and even the neighbourhood, reflecting the home's age, size, and condition.
4. The home last sold in 2020. Is that a concern?
Not inherently. The previous sale price provides a recent benchmark, but market conditions have likely shifted. It does suggest the current seller may have owned it for a relatively short period, which is worth understanding.
5. How does the lot size compare?
At just over 3,000 sqft, the lot is larger than the average for both the immediate street and the broader Burrows Central area. This is a positive feature, providing more private outdoor space than many nearby properties.