515 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,472 sqft home built in 1913 on a 3,003 sqft lot in the William Whyte neighbourhood. Its main draw is the living space. On Alfred Avenue, this property ranks in the top 11% for living area, and it sits in the top 18% for the neighbourhood—meaning you get noticeably more interior room than most nearby homes. The assessed value of $148k is essentially average for the street and neighbourhood, but it is very low compared to the citywide average ($390k), which reflects the area’s affordability rather than the home’s condition.
The lot size is slightly smaller than the street and neighbourhood averages, and the year built (1913) is older than typical for the area. From a citywide perspective, this home is below average on both lot size (top 89%) and age (top 90%). This suggests the trade-off is clear: you get generous indoor square footage on a modest urban lot, in an older home that is priced well below the city median.
This property would suit buyers who prioritize space inside over a large yard, who are comfortable with a pre-war home that may need updates or character maintenance, and who are looking for an entry-level price point in the city. It is less suited for someone wanting a modern house, a big backyard, or a quick resale in a higher-priced market.
Five Possible FAQs
1. How does the assessed value compare to what I might pay?
The city assessed value is $148k, which is low for Winnipeg overall but typical for the William Whyte area. Actual sale prices can vary based on condition and demand, so this is a starting point for negotiation, not a final price tag.
2. Is the neighbourhood considered up-and-coming or stable?
William Whyte is an older, inner-city area with a mix of century homes and some newer infill. It is not a high-demand district, which keeps prices low, but it also means fewer amenities within walking distance compared to more central neighbourhoods. It is a solid choice for buyers who want affordability over trendiness.
3. What does the "rank #52 out of 476" for living area actually mean in real terms?
It means that on Alfred Avenue, only about 51 homes have more living space than this one. In a city of nearly 200,000 properties, this home is in the top third for interior size—so it is genuinely spacious relative to the city as a whole, not just the street.
4. Does the 1913 build date cause any particular issues?
Older homes often have knob-and-tube wiring, cast iron plumbing, or foundation differences from modern builds. You should budget for a thorough inspection focusing on these systems. The positive side is that older homes in this area often have solid wood framing and interesting architectural details not found in newer builds.
5. Is the lot big enough for a garage or an addition?
At 3,003 sqft, the lot is smaller than the city average (6,570 sqft) but similar to others on the street. Many lots this size in older neighbourhoods can accommodate a single-car garage or a small addition, but you should check local zoning and setback rules before planning any major changes.