Key Characteristics & Buyer Profile
This is a 1905-built home on Alfred Avenue in Winnipeg’s William Whyte neighbourhood, offering 972 square feet of living space on a 3,266 square foot lot. The property is assessed at $96,000.
Its appeal lies in the land-to-structure ratio. While the living area ranks below average citywide (top 77%), the lot size is competitive both on its own street (top 32%) and within the neighbourhood (top 49%). For its assessed value, this is a notably affordable entry into a mature central neighbourhood. The home is one of the older structures on the block (top 85% by age), suggesting original character but also a need for updating.
This property would suit buyers looking for a cost-effective way to get into the market within the city limits, particularly those willing to take on renovation work or who prioritize lot size over finished square footage. It’s less suited for someone seeking a move-in-ready, turnkey home or a newer build in a higher-growth area.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The $96,000 assessment is well below the street average of $164,100 and the neighbourhood average of $149,100. It ranks in the bottom 10% on its own street and bottom 18% in the area. This makes it one of the more affordable options in the immediate vicinity, which is reflected in the property tax base.
2. Is the living area small for the neighbourhood?
It’s close to average. The 972 sqft is slightly below the street average of 1,084 sqft and the neighbourhood average of 1,158 sqft, but it’s not an outlier. Citywide, it ranks in the bottom quarter for comparable homes, but within William Whyte, it’s a fairly typical size for a house of this age.
3. What is the lot like, and is it usable?
At 3,266 sqft, the lot is right around average for the street and neighbourhood—neither cramped nor oversized. Citywide, lots tend to be much larger (average 6,570 sqft), so this is a more compact urban lot. It’s practical for yard space, a garden, or a small garage, but not for sprawling additions or significant subdivision.
4. Considering the 1905 build, what should I be aware of?
Homes from that era often have solid framing but may lack modern insulation, updated electrical, or a finished basement. The year ranks below average across every level, so you’re buying into an old housing stock. A thorough inspection for knob-and-tube wiring, lead paint, and foundation condition is strongly advised.
5. How does this property compare to the citywide average?
In every category except lot size, it ranks below citywide medians. The living area is smaller, the build is older, and the assessment is dramatically lower than the city average of $390,100. The main draw is the land itself, which is modest by city standards but proportionally larger relative to the house than newer subdivisions typically offer.