Property Overview
172 Alfred Avenue is a historic, compact home in Winnipeg's North Point Douglas neighbourhood. Built in 1892, its primary appeal lies in its affordability and lot size relative to its immediate area, presenting a clear value proposition for a specific type of buyer.
Key Characteristics & Appeal
This is a home defined by context. Its 936 sqft living space is modest but fairly typical for Alfred Avenue, while its 3,003 sqft lot is slightly larger than many neighbours. The most striking characteristic is its assessed value of $114k, which is significantly below the Winnipeg city average but aligns with the lower values common in North Point Douglas. This creates a very accessible entry point into homeownership.
The appeal is grounded in practicality and potential. It suits first-time buyers or investors seeking a low-cost foothold in the city. Its age (134 years) suggests character but also implies a need for ongoing maintenance or updates. A thoughtful perspective is that this property represents the "baseline" for the area—it's not an outlier in size or value for its street, which can offer stability but may also limit dramatic short-term equity gains compared to more differentiated homes. It’s a pragmatic choice for those comfortable with a historic home's realities and interested in the long-term evolution of the neighbourhood.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Property assessments reflect market values within specific areas. This home’s value is consistent with the North Point Douglas neighbourhood, where average property values are substantially lower than the broader Winnipeg average.
2. What does the home’s age (built in 1892) mean for me as a buyer?
It indicates a house with historic character but also suggests that major systems (like plumbing, electrical, or the foundation) may have been updated over time. A thorough inspection is essential to understand the current condition and any needed repairs.
3. Is the lot size a good feature?
Yes. At just over 3,000 sqft, the lot is a competitive asset for the street and provides decent outdoor space for a home of this size, which can be a rarity in older neighbourhoods.
4. How reliable is the sold price data shown?
The displayed sold price range is based on publicly available data. For fully verified and exact sale figures, you must request a manual lookup via email, as the site does not have access to MLS sales records.
5. Who would this property NOT be suitable for?
It may not suit buyers seeking a modern, move-in-ready home without renovation projects, or those whose primary goal is rapid, high-value appreciation. Its size and vintage are best matched with realistic expectations about upkeep.