482 Alfred Avenue — Property Summary
Key Characteristics & Buyer Profile
This is a 1,719 sqft home built in 1914, sitting on a 3,268 sqft lot. What stands out immediately is the living space: it ranks in the top 5% on its street and top 9% in the William Whyte neighbourhood, offering significantly more room than the typical home in either area. The lot size is also generous for the street (top 19%), though modest by citywide standards.
The assessed value is $155,000, which is near the median for Alfred Avenue and slightly above the neighbourhood average, but well below the Winnipeg-wide median of $390,000. That’s the real hook here: you’re getting a larger-than-average home in a neighbourhood where values haven’t followed the city’s upward trend. The building is old (1914), but that’s consistent with the area—most nearby homes date from the late 1920s.
Where the appeal lies: This property suits a buyer who values interior space over a large yard, and who is comfortable with an older home in a modest, established neighbourhood. The low assessment relative to city averages suggests it could be a strong value play for someone looking to get more square footage without paying a premium for location or land. It’s less suited for someone seeking a turnkey new build, a big lot, or rapid resale appreciation.
Who it suits:
- First-time buyers wanting more room for the money
- Renovators comfortable updating a pre-war home
- Buyers prioritizing indoor living space over outdoor space
- People open to William Whyte or similar inner-city neighbourhoods with older housing stock
Five Possible FAQs
1. How does the living space compare to other homes in the area?
It’s well above average. On Alfred Avenue, the typical home is about 1,084 sqft—this property is roughly 60% larger. That’s also true relative to the William Whyte neighbourhood (average 1,158 sqft) and the city overall (average 1,342 sqft). It’s genuinely spacious by local standards.
2. Why is the assessed value so much lower than the Winnipeg average?
The property is in an older, lower-value part of the city where assessments tend to be modest. The $155,000 valuation is consistent with nearby homes on the street and in the neighbourhood. The citywide average is pulled higher by more expensive districts. This isn’t a red flag—it just reflects the area’s market position.
3. What should I know about a home built in 1914?
It’s old, but so are most homes on this street and in William Whyte. Expect potential issues common to early-20th-century construction: older electrical, possible lead plumbing, foundation settlement, and less insulation. A thorough inspection is wise. That said, many homes of this era have been updated over time—so check for recent renos.
4. Is the lot big enough for someone who wants a garden or yard space?
At 3,268 sqft, it’s actually a good size for the street (top 19%) and on par with the neighbourhood average. But compared to Winnipeg citywide (average 6,570 sqft), it’s small. You’ll have room for a modest garden or patio, but don’t expect a large backyard. If outdoor space is a priority, this may not be the best fit.
5. How does this property compare to others in the same area on things like taxes or condition?
Taxes are based on the $155,000 assessment, which is close to the neighbourhood median. Condition is unknown from this data alone—the fact that it’s an older home with above-average living space suggests it may have been added onto or renovated at some point, but you’d need to verify that in person. Compared to nearby listings, it stands out for size, not for land or luxury.