Property Summary: 1009 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 1913. Its key appeal lies in its solid foundation as an entry point into homeownership or a straightforward investment property. With 920 sqft of living space and a full, unrenovated basement, it offers functional basics with room for future customization.

The property's standout feature is its land. At just over 3,000 sqft, the lot size is above average for the immediate street and neighbourhood, offering more outdoor space than many comparable homes. While the home itself is modest in size and retains its original character, its assessed value ranks notably higher than many on the same street, suggesting the lot and location are viewed favorably.

This home would best suit a pragmatic first-time buyer comfortable with a property that needs updates, or an investor looking for a land-value play in a central area. Its unrenovated state presents a clear canvas but requires a buyer ready for projects. The above-average lot size also offers subtle long-term potential not always found in homes of this vintage and price point.

Section 2: Frequently Asked Questions

1. What does "unrenovated basement" typically mean for a house of this age?
It generally indicates the original foundation, layout, and mechanical systems (like plumbing and electrical) are intact. Expect a functional but dated space, likely with concrete walls and floors, that would require significant work to modernize into finished living areas.

2. The assessed value seems low. What does this indicate?
The municipal assessed value is for taxation purposes and is often significantly below market value, especially for older homes. That this assessment ranks well above street averages is a positive indicator of its relative worth in the local context, but the sale price will be determined by the current market.

3. What are the implications of the lot being larger than average for the area?
It provides more private outdoor space and potential for gardening, storage, or expansion (subject to zoning bylaws). In established neighbourhoods, a larger lot can also contribute to the property's long-term value relative to its neighbours.

4. Who might the "investment buyer" be for this property?
Given the low assessed value and unrenovated condition, it could attract an investor looking for a rental property with a fundamental land-value asset, or someone interested in a hold-and-renovate strategy over time.

5. How should I interpret the comparison to nearby sold properties?
The listed nearby sales show a wide range of values and sizes, highlighting that this home sits at the more modest, entry-level end of the spectrum in Burrows Central. It underscores this property's role as a basic, affordable housing option in the area rather than a direct comparison to more updated or larger homes.