655 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,002 sqft home built in 1907 on a 3,004 sqft lot, located on Alfred Avenue in Winnipeg’s William Whyte neighbourhood. The property’s assessed value is $99,000.
Where the appeal lies: The lot size is slightly below the street and neighbourhood averages but still functional—many buyers in this area prioritize location and character over raw square footage. The assessed value is significantly below citywide averages, which may translate to lower property taxes and a more accessible entry point into the market. The home’s age (1907) means it’s likely a character property with original details, but also one that may require updates or maintenance work.
What type of buyer it suits: This property would suit first-time buyers looking for an affordable entry into homeownership, especially those comfortable with older homes and willing to invest in renovations over time. It could also appeal to investors seeking a low-cost rental property in a neighbourhood where the price-to-rent ratio may be favourable. Given its below-average citywide rankings across most metrics, it’s not positioned as a premium or turnkey home—it’s a value play.
Frequently Asked Questions
1. How does this home compare to others on the same street?
On Alfred Avenue, the home ranks near the middle or below average across all categories. Living area (1,002 sqft) is close to the street average, lot size (3,004 sqft) is slightly below, and assessed value is lower than most neighbours.
2. What does the year built (1907) mean practically?
Homes from this era often have solid construction, tall ceilings, and unique architectural features, but may have older electrical, plumbing, or insulation. It’s worth budgeting for updates, especially if they haven’t been done recently.
3. Why is the assessed value so much lower than citywide average?
The citywide average ($390k) pulls in high-value properties across Winnipeg. This home’s assessed value of $99k reflects its location in William Whyte, its lot size, and likely its condition relative to newer or renovated homes elsewhere.
4. Is this home in a rising or declining neighbourhood?
The data doesn’t directly measure market trends, but the rankings (mid-tier in the neighbourhood, lower citywide) suggest it’s not a high-demand area. That said, lower prices can appeal to buyers betting on future appreciation or neighbourhood reinvestment.
5. What should I look into before making an offer?
Given the age, get a thorough home inspection focused on the foundation, roof, and mechanical systems. Also check zoning and any pending development plans in the area—William Whyte has seen both reinvestment and neglect in different blocks.