Property Overview

This 1914 one-and-a-half storey home on Alfred Avenue presents a specific and straightforward opportunity. Its key characteristic is its modest scale, featuring 819 square feet of living space and a 2,275 square foot lot, both notably smaller than city averages. The home includes a detached garage and an unrenovated basement. Its assessed value is significantly below the Winnipeg average, reflecting its profile as a compact, century-old property in the Burrows Central neighbourhood.

The appeal lies primarily in its affordability and potential as a manageable project or investment. It suits a first-time buyer seeking an entry point into the market, an investor looking for a rental property with lower upfront costs, or someone who prefers a smaller, low-maintenance footprint. A less obvious perspective is that a home of this size and era can offer a simpler, more efficient living arrangement without the upkeep of a larger property, appealing to those looking to minimize both mortgage and utility expenses. Its lot, while below average in size, still provides outdoor space in a mature neighbourhood.

Frequently Asked Questions

1. What does "below average" for land and living area actually mean for daily living?
It means the house and yard are compact. The layout will be efficient, with smaller rooms, and the outdoor space is suitable for a patio or garden but not for extensive additions. It promotes a simpler, lower-maintenance lifestyle.

2. The assessed value is very low compared to the city average. Does that indicate a problem?
Not necessarily. It primarily reflects the home's smaller size, age, and the neighbourhood's market. It's consistent with similar, modest homes in the area. The low assessment is the basis for its affordable property taxes.

3. What should I expect with an unrenovated basement?
The basement is in original condition, likely with a low ceiling, concrete floors, and basic utilities. It offers storage or mechanical space but would require significant investment to finish as living area. Consider it for utility, not additional finished space, in its current state.

4. The home is 110 years old. What are the immediate concerns?
While the year built is around average for the street, essential systems like wiring, plumbing, and the roof may need updating or have already been partially addressed. A thorough inspection is crucial to understand the condition of these aging components.

5. Who would this property not be suitable for?
It may not suit a growing family needing multiple bedrooms and ample living space, someone seeking a move-in-ready home without projects, or a buyer whose primary goal is new construction or modern open-concept layouts.