Property Overview: 992 Alfred Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home in Burrows Central presents a practical opportunity with a distinct profile. Its key characteristic is a renovated basement, adding valuable finished living space to the 1,047 sqft main footprint. Built in 1984, the house is notably newer than most in its immediate area and across the neighbourhood, suggesting potentially fewer concerns with aging structural components compared to its century-old counterparts.
The appeal lies in its position as a modern outlier in a historic area. Buyers get a relatively contemporary home without sacrificing the established community feel of Burrows Central. The lot, while below the citywide average, is a manageable size for low-maintenance outdoor space. Its assessed value is above average for the street and neighbourhood, but significantly below the Winnipeg average, indicating a more accessible price point within the city.
This property would suit first-time buyers or practical downsizers looking for a move-in-ready home with modern basics in a no-frills, established neighbourhood. It’s also a sensible fit for value-focused investors seeking a rental property with a relatively recent build date, which can mean lower immediate maintenance costs.
Frequently Asked Questions
1. What does "renovated basement" typically include?
While specifics should be verified by a viewing and inspection, a renovated basement in this context generally means the space has been finished into a livable area, likely with proper walls, flooring, and ceiling. It’s essential to check for proper permits, moisture control, and the quality of the renovation work.
2. With no garage, what are the parking options?
The property has no dedicated garage. Parking would be via on-street permits. It’s advisable to check with the city regarding permit availability and any seasonal parking restrictions that may affect street parking.
3. The home is newer than neighbours, but how does construction quality compare?
A 1984 build may offer modern wiring and plumbing standards. However, construction quality can vary. A thorough home inspection is recommended to assess the specific condition of the roof, windows, and foundation of this four-decade-old home.
4. The land size is noted as "below average." How impactful is this?
The lot is smaller than many in Winnipeg, which means less yard to maintain. For gardeners or those seeking extensive private outdoor space, it may feel limited. For those prioritizing indoor space and minimal yard work, it can be an advantage.
5. Why is the assessed value above average for the area but below average for the city?
This reflects the neighbourhood's overall more affordable property values compared to the wider Winnipeg market. The above-average assessment for the street suggests this particular home, likely due to its newer age and renovated basement, is considered a higher-value property within its own immediate market context.