168 Alfred Avenue

Property Overview: 168 Alfred Avenue, Winnipeg

Key Characteristics & Buyer Appeal

This is a compact, historic home in North Point Douglas, built in 1903. With 780 sqft of living space on a 3,003 sqft lot, it is notably smaller than most homes in Winnipeg, placing it in the bottom 10% city-wide for size. Its assessed value of $108k is significantly below the city average, reflecting its scale and location, but is fairly aligned with values in its immediate area.

The primary appeal lies in its accessibility as a true entry-point into homeownership. It represents a low financial barrier to entry in a market where that is increasingly rare. The lot size is relatively standard for the street, offering typical outdoor space for the neighbourhood. Its deep history, being over 120 years old, adds character but also implies a need for conscientious maintenance.

This property would best suit a pragmatic first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimal footprint. It is not a fit for those needing ample space or who are wary of the upkeep and potential renovation needs of a century-old structure. A thoughtful perspective is that this home offers a chance to own an asset in the city for a price often associated with condominium fees, but with the full responsibility of land and structure.

Frequently Asked Questions

1. Why is the assessed value so much lower than the Winnipeg average?
The assessed value is primarily a reflection of the home's smaller size (780 sqft) and its location. While low compared to the city-wide average, it is competitive within the North Point Douglas neighbourhood.

2. What should I consider with a home built in 1903?
While full of character, a home of this age will likely have older building systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. Budgeting for ongoing maintenance and potential updates is prudent.

3. How does the sold price history work?
The listed sold price range (CA$100k–150k) is an estimate from public data. To receive the exact, verified sold price from November 2021, you must request it via email from the site, as they manually provide this detail due to industry data restrictions.

4. Is the lot size a pro or a con?
The lot is average for Alfred Avenue but smaller than many in wider Winnipeg. It provides a manageable outdoor space without excessive upkeep, which could be a positive for some but may feel limiting for others.

5. How does this home compare to others on the street?
It is one of the older and smaller homes on Alfred Avenue. Its assessed value is below the street average, indicating it may be more modest in condition or finish than some neighbours, but it sits on a typically sized lot for the area.