Property Overview: 894 Alfred Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-storey home in the Burrows Central neighbourhood, built in 1912. It sits on a standard city lot of just over 3,000 sqft and offers 968 sqft of living space. The home features a detached garage and an unrenovated basement. Its most compelling characteristic is its value proposition within its immediate context. While its size and age are typical for the street and area, its assessed value ranks above average for Alfred Avenue, suggesting it is viewed as a solid asset compared to its closest peers. This presents a practical opportunity: a home that is fundamentally aligned with its neighbourhood but may hold stronger inherent value or potential. It would suit a value-conscious buyer, perhaps a first-time homeowner or an investor, looking for an entry into the market with a property that has a stable foundation in a mature community. The appeal lies in its simplicity and positioning—it’s not the newest or largest, but it represents a straightforward, comparably strong holding on its block.
Frequently Asked Questions
1. What does the "above average" assessed value ranking for the street mean?
It means that, compared to similar homes on Alfred Avenue, this property has a higher government-assessed value. This can indicate better maintenance, desirable lot features, or favourable comparisons in past sales, but it doesn't directly predict future sale price.
2. Is the unrenovated basement a major concern?
It represents both a consideration and potential. It will require inspection for moisture and foundation integrity, typical for homes of this age. However, it also offers a blank canvas for future finishing, adding value down the line.
3. How does the 1912 build year affect the home?
Expect character but also aging components. Original charm may be present, but systems like plumbing, electrical, and the roof will likely need evaluation or may have been updated over time. Its rank shows it's older than many city homes but typical for the area.
4. Who is the typical buyer in this area?
Burrows Central often attracts practical buyers seeking affordability and established communities. This property, with its detached garage and standard lot, would appeal to those needing space for a vehicle or small workshop without a premium price.
5. The living area is below the city average. How does it feel for daily life?
At 968 sqft, it is a compact one-storey layout. This is efficient for smaller households or those looking to minimize space to heat and maintain. It's very close to the neighbourhood average, indicating this size is common and functional for the area.