Property Overview: 160 Alfred Avenue, North Point Douglas, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a specific and clear value proposition centered on affordability and potential. Built in 1897, it is a historic property with a compact 772 sqft layout on a standard 3,003 sqft lot. Its most defining characteristic is its low assessed value of $87k, which is significantly below averages for the street, neighbourhood, and especially the wider city. This positions it as one of the most accessible entry points into homeownership in Winnipeg.
The appeal lies in its foundational utility: it provides land and a structure at a minimal cost, creating a canvas for a buyer's vision or serving as a straightforward shelter with very low property taxes. It suits hands-on buyers looking for a project, whether a live-in renovation or a long-term hold. Investors seeking a low-cost rental asset may also see opportunity. A less obvious perspective is its potential for someone prioritizing financial flexibility—the low carrying cost could free up income for other investments or lifestyle choices. It’s not a move-in-ready dream home, but a strategic purchase for those who see value in the basics and are prepared for the realities of a 129-year-old house.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's age, smaller size, and its market context within the North Point Douglas neighbourhood. It indicates the city's valuation for tax purposes is based on these factors, not necessarily a direct market price.
2. What does the sold price range (CA$100k–150k) from 2023 tell us?
It shows the property last sold for a price moderately above its assessed value, which is common. The range suggests it transacted at a level that reflects its as-is condition and market demand for affordable, character homes at that time.
3. Is the lot size a positive aspect?
The lot is fairly typical for the immediate street but is below the citywide average. It provides adequate outdoor space for a home of this size but may not allow for significant expansions or additions without checking zoning bylaws.
4. What should I consider about the age of the home?
A house built in 1897 will likely have outdated mechanical systems (like plumbing and wiring), require ongoing maintenance, and may need significant updates to meet modern efficiency standards. A thorough inspection is essential to understand the true condition and potential costs.
5. How can I get the exact historical sold prices?
The site notes that due to industry rules, exact MLS sold records are not displayed. You can request the exact sold price history by emailing them directly for a manual lookup, which they provide without using your email for marketing.