Property Overview: 1030 Alfred Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Burrows Central presents a practical opportunity centered on its land and location. Built in 1949, it is notably newer than many homes on its street and in the immediate area, which may suggest fewer concerns with the core structure found in century-old properties. The key feature is the 3,104 sqft lot, which is a generous, above-average size for the neighbourhood, offering clear potential for outdoor space, gardening, or future expansion.

The home’s living space (780 sqft) is compact, aligning with a simpler, more efficient lifestyle. Its recently renovated basement adds valuable functional space. The appeal here is straightforward: a manageable, updated footprint on a larger-than-typical lot for the area, with a detached garage. It suits first-time buyers seeking an entry point into the market, practical investors looking for a rental property with a stable assessed value, or downsizers who value low maintenance without sacrificing yard space. It’s a property where the land is a primary asset, and the home offers a cost-effective, modernized foundation.

Section 2: Frequently Asked Questions

1. What does the "above average" assessed value for the street indicate?
It suggests the property is formally valued higher than many of its immediate neighbours. This can reflect the renovated basement, the newer construction year relative to the street, and the lot size. It’s important to distinguish this from market value, which is determined by current buyer demand.

2. The living area is noted as below average. How does the layout function?
At 780 sqft, the home is efficiently sized. The one-and-a-half storey design typically places bedrooms upstairs, which can create a clear separation from the main floor living areas. The renovated basement effectively expands the usable space, potentially for a family room, office, or additional storage.

3. How does the 1949 build year compare, and what might it mean for maintenance?
Being built in 1949 places it 20-40 years newer than many neighbouring homes. This could mean updated building techniques and materials for its era, potentially resulting in fewer immediate major repairs than a pre-1920s home, though systems like plumbing and electrical would still be due for updates over time.

4. The lot is larger than average for the neighbourhood. What are the possibilities?
The 3,104 sqft lot offers more private outdoor space than is typical. This allows for larger gardens, recreational areas, or secure parking. It also provides a long-term advantage for potential additions, like a shed or deck, subject to city bylaws.

5. Who are the typical buyers in this area, based on the nearby sales data?
Nearby sales show a mix of compact, character homes and modern infills, attracting a diverse community. Buyers range from those seeking affordable homeownership to investors and families drawn to the established neighbourhood feel. The low sale prices on the street indicate a high affordability threshold.