306 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,520-square-foot house on a 3,266-square-foot lot, built in 1903, in the William Whyte neighbourhood of Winnipeg. Its assessed value is $146,000.
The property’s main draw is space. The living area is notably large for the street and the neighbourhood—ranking in the top 8% on Alfred Avenue and top 16% in William Whyte—which means more interior room than most nearby homes. The lot size is essentially average for the area, so you’re not getting a massive yard, but the house itself offers generous square footage for the price point.
Where this property stands out less is in age and assessed value. It’s an older home, even by local standards: built in 1903, compared to a street average of 1929. The assessed value is around average for the street and neighbourhood, but well below the citywide average. That combination suggests the house may need more upkeep than a newer build, but also keeps the entry price relatively low.
The appeal here is for buyers who want a good amount of indoor living space without paying a premium for a trendy or recently renovated area. It suits someone comfortable with an older home—someone who values square footage over modern finishes and is willing to invest time or money into maintenance and updates. It could also work as an income property or first home in a more affordable part of the city, where the lower assessed value keeps property taxes in check.
Frequently Asked Questions
1. How does the living area compare to other homes in Winnipeg?
It’s above average. The house is 1,520 sqft, while the citywide average for comparable homes is 1,342 sqft. It ranks in the top 29% citywide for living area.
2. Why is the year built listed as 1903, and is that a concern?
The house is over 120 years old, which is older than most homes on the street and in the neighbourhood. Older homes often have solid construction but may require updates to electrical, plumbing, insulation, or foundations. A home inspection is recommended to understand the current condition.
3. What does the assessed value of $146,000 mean for property taxes?
Assessed value is used to calculate property taxes, so a lower assessment typically means lower taxes. This value is around average for the street and neighbourhood but well below the citywide average of $390,100, so taxes should be relatively modest.
4. Is the lot size small compared to other homes?
The lot is 3,266 sqft, which is average for Alfred Avenue and William Whyte, but smaller than the typical Winnipeg lot (average 6,570 sqft citywide). If you’re looking for a large yard, this property would not offer that. But for the area, it’s a standard size.
5. What type of buyer typically goes for a house like this?
First-time homebuyers looking for space on a budget. Investors seeking a rental property in a more affordable neighbourhood. Or anyone who appreciates older character homes and is prepared for the maintenance that comes with a house built in 1903. It’s less suited for someone wanting a move-in-ready, low-maintenance home.