Key Characteristics & Buyer Profile
541 Alfred Avenue is a 992 sqft home built in 1931, set on a 3,267 sqft lot in Winnipeg’s William Whyte neighbourhood. Its appeal is rooted in a few solid, practical strengths: the lot size is slightly above average for the street (ranking in the top 25%), and the home itself is newer than many of its immediate neighbours, which were built around 1929. The assessed value, at $163,000, sits very close to the street average and is actually above the community average of $149,000—suggesting the property holds its value well within the local context. What you’re not getting, however, is size: the living area is just below the community average and significantly smaller than the citywide norm, and the land is modest compared to typical Winnipeg lots. This property would suit a buyer who values a manageable, efficient home in a well-established area with older, character-rich housing stock, and who isn’t chasing maximum square footage or a large yard. It’s a practical fit for someone looking for an entry-level or downsized home in a neighbourhood where the housing is comparable, not fancy.
Five Possible FAQs
1. How does the property’s size compare to others in the area?
The living area is close to the average for the street, but below the community and city averages. The lot size, however, is slightly above average for the street and in the top quarter of lots on Alfred Avenue, giving it a bit more outdoor space than many neighbours.
2. Is the assessed value high for what you get?
Not really—it’s right at the street average and above the community average. That means you’re paying in line with local norms, and the property doesn’t stand out as either over- or under-priced within its immediate context. It’s a fair, middle-of-the-road valuation.
3. The house was built in 1931—what does that mean practically?
It’s newer than most homes on the street and in the community, which average around 1927–1929. But it’s still an older property by citywide standards, so you can expect the typical quirks of an older home: solid construction, possibly some updates needed, and less energy efficiency than a modern build.
4. How does this property compare to others in William Whyte overall?
It’s quite typical for the neighbourhood—living area and lot size are near the average, while the assessed value is slightly above. The main difference is that it was built a bit later than many surrounding homes, which might translate into somewhat better condition or more recent renovations.
5. What kind of buyer would benefit most from this property?
Someone who wants a house in a stable, older neighbourhood without paying a premium for extra space or a large yard. It’s a good fit for a first-time buyer, a couple, or someone downsizing who values location and practicality over square footage or land area.