181 Alfred Avenue

Property Overview

This one-storey home, built in 1895, is a character property in Winnipeg's North Point Douglas neighbourhood. Its primary appeal lies in its significant lot size—at nearly 2,900 square feet, the land parcel ranks in the top 15% of the neighbourhood—offering substantial outdoor space and future potential in a central location. With 917 square feet of living space and an unrenovated basement, it presents itself as a straightforward canvas. The very low municipal assessed value indicates this is an entry-point property, likely suited for a specific buyer: someone seeking an affordable footprint in the city core, comfortable with a project, and whose priority is land value and location over move-in-ready finishes. It’s a practical choice for an investor, a hands-on first-time buyer looking to build equity slowly, or someone interested in the historical fabric of one of Winnipeg's older communities.

Key Details & Questions

• What is the actual condition of the property? The listing notes a basement that is "not renovated," which suggests it is in original or rough condition. A professional inspection would be essential to understand the full scope of work needed, especially given the home's age of 131 years.
• How does the assessed value relate to the likely selling price? The municipal assessed value is very low ($13,600) and is used for tax purposes, not for setting market price. The selling price will be determined by the market, but this low assessment often correlates with properties needing significant updates.
• What are the implications of such a large lot? The lot size is a standout feature. It offers ample yard space and, subject to zoning, potential for future expansion, a garden, or additional parking. This is a less obvious advantage in an inner-city neighbourhood.
• Who might this property not suit? It would not suit buyers seeking a modern, low-maintenance, or immediately turn-key home. The age and condition imply a need for ongoing upkeep, updates, and patience.
• What is the neighbourhood like? North Point Douglas is a historic, central neighbourhood. Buyers should visit at different times to get a feel for the area's character and amenities to ensure it aligns with their lifestyle.