310 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1905-built home with 1,532 square feet of living space on a 3,266-square-foot lot. What stands out most is the size: it’s significantly larger than typical homes on its own street (top 8%) and within the William Whyte neighbourhood (top 15%). The assessed value is $212,000, which is above average for both the street and the neighbourhood, but well below the citywide average of $390,000. That gap is telling—this property sits in an area where prices haven’t kept pace with the broader market, which can appeal to buyers looking for more space without the premium that comes with higher-demand districts.
The home is older than most in the city (only 2% of Winnipeg homes were built earlier), which means character and potentially solid bones, but also likely a need for updates or ongoing maintenance. The lot size is close to the street and neighbourhood average, but well below the city norm—so outdoor space is modest by suburban standards, but typical for this part of town.
Who it suits: Buyers who value interior square footage over lot size, and who are comfortable with an older home in an inner-city neighbourhood that offers more space per dollar. It’s less suited for someone looking for a turnkey property in a rapidly appreciating area, or for those who want a large yard. The combination of low citywide price ranking (bottom 10%) and top-tier local size ranking suggests this could work well for someone willing to invest in updates, or for a buyer who simply needs room and doesn’t mind the trade-offs.
Frequently Asked Questions
1. How does the property’s age compare to other homes nearby, and what should I expect?
It was built in 1905, which is older than most homes on Alfred Avenue (average 1929) and in William Whyte (average 1927). Citywide, it’s among the earliest 2% of homes. This means you’re likely dealing with vintage construction, possibly with plaster walls, knob-and-tube wiring, or older plumbing. A thorough home inspection is strongly recommended.
2. The assessed value is $212,000—how does that relate to market price?
Assessments aren’t the same as market value, but they give a reference point. This home is assessed well above the street average ($164,000) and neighbourhood average ($149,000), but far below the city average ($390,000). That suggests the property is more expensive than its immediate neighbours, but still priced well below typical Winnipeg homes. Market price will depend on condition, updates, and recent sales in the area.
3. Is this a good investment property?
Potentially, if the location suits your rental strategy. The large interior size (1,532 sqft) could work for a multi-bedroom rental or a family. However, the older construction may involve higher upkeep costs, and the neighbourhood’s lower price tier means rental income may be modest. The land size is small by city standards, so redevelopment potential is limited compared to a larger lot.
4. How does the lot size affect usability?
The lot is 3,266 sqft—average for the street and neighbourhood, but about half the citywide average. You get a manageable yard, but not a deep backyard for large gardens, sheds, or expansions. If you’re looking for outdoor space for kids or pets, it’s functional but not generous. Parking and access should be considered based on the actual layout.
5. What should I know about the neighbourhood (William Whyte)?
William Whyte is a historic inner-city area with a mix of older homes, some renovated and some in need of work. It’s not one of Winnipeg’s most expensive or rapidly gentrifying neighbourhoods, which keeps prices lower but also means fewer amenities and possibly higher vacancy or lower resale demand than in more central areas. Buyers should visit the street at different times of day and talk to locals to get a feel for the block.