314 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,019 sqft single-family home built in 1932, sitting on a 3,266 sqft lot in the William Whyte neighbourhood of Winnipeg. Its appeal lies in being a reasonably solid, middle-of-the-road property within its immediate street and community contexts—neither exceptional nor deficient in most metrics. The living space is close to the average for Alfred Avenue and the wider William Whyte area, though it falls below the citywide average (which skews higher due to newer, larger homes elsewhere). The land size is similarly unremarkable by city standards but typical for the area. The assessed value of $124,000 is notably low citywide (bottom 1%), but sits close to the community average, suggesting the property is appropriately valued for its location and age. The home is slightly newer than the local average (1932 vs. 1927–1929), but still old by Winnipeg standards. This property would suit a first-time buyer or investor looking for an affordable entry into a modest, well-established neighbourhood—someone who prioritizes practicality over prestige and isn’t seeking a fixer-upper or a showcase home. It’s a realistic, no-surprises property for those who want a functional home in a stable area without paying for upgrades they don’t need.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
It’s very close to the average for both Alfred Avenue (1,084 sqft) and the William Whyte neighbourhood (1,158 sqft). It’s not unusually small or large for the area—about what you’d expect for a home of this vintage.
2. Is the property overpriced or undervalued?
The assessed value of $124,000 is well below the citywide average, but it aligns with the neighbourhood average of $149,000. Given the age and size, it appears reasonably priced for its context, not a bargain or a stretch.
3. What condition is a 1932 home likely in?
The listing doesn’t include condition details. However, the fact that it’s newer than the local average (1932 vs. 1927–1929) suggests it may have had some updates over the years, but it’s still an older home—buyers should budget for potential maintenance, especially mechanicals and insulation.
4. How does the lot size affect usability?
At 3,266 sqft, the lot is in line with the street and neighbourhood averages. It’s not large by city standards (city average is nearly twice that), but it’s a standard urban lot—enough for a small yard, garden, or parking without being oversized or requiring heavy upkeep.
5. Who would benefit most from buying here?
First-time buyers or small-scale investors looking for an affordable property in a stable, older neighbourhood. It’s not a high-appreciation area or a luxury finish, but it’s a realistic entry point for someone who wants solid square footage without paying for location premiums or extensive renovations.