Property Overview: 965 Alfred Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Burrows Central presents a practical opportunity centered on space and value. Built in 1912, its key characteristic is a living area of 1,307 sq ft, which is notably above average for both the street and the wider neighbourhood. This suggests a home with more interior room than many in the immediate area. The property sits on a standard 3,004 sq ft lot and features a detached garage and a basement (not renovated).
Its primary appeal lies in its efficient use of space relative to its assessed value. For a buyer, it offers more square footage indoors without commanding a premium price point, as evidenced by its last sale price and assessed value being around the local average. This is a home suited for a first-time buyer, an investor, or someone seeking a straightforward, no-frills property in a central Winnipeg neighbourhood. It’s a pragmatic choice for those who prioritize interior space over modern renovations or larger lot size, and who are comfortable with a home that has a history and may require updates over time.
Frequently Asked Questions
1. What does "above average living area" actually mean for this home?
It means the interior space (1,307 sq ft) is larger than roughly 80% of similar homes on Alfred Avenue and over 90% in the Burrows Central area. You are getting more room inside compared to most direct neighbours.
2. The home was built in 1912. Should I be concerned?
The year built is typical for the street. While this means potential for older building materials and systems, it’s reflected in the value. A thorough inspection is always advised for homes of this age to understand the condition of the foundation, wiring, and plumbing.
3. How does the assessed value relate to the likely selling price?
The assessed value for taxation ($15,900) is a municipal calculation and is typically much lower than market value. The last recorded sale was $150,000 in 2016. Current market conditions and the home's state will determine the price.
4. The basement is noted as "not renovated." What can I expect?
This typically indicates an unfinished or partially finished space in its original, utilitarian state. It offers storage and mechanical space, and presents potential for future development, but would require appropriate permits and investment.
5. How does the lot size compare?
At just over 3,000 sq ft, the lot is standard for the street and neighbourhood. It provides adequate outdoor space for a garden or patio but is not an unusually large or expansive property.