This is a 1914 single-family home with 900 square feet of living space on a 3,003 square foot lot. Across all four key metrics—size, lot, age, and assessed value—the property sits consistently below average compared to its street, neighbourhood (William Whyte), and the city of Winnipeg as a whole. The living area and lot size are modest, and the assessed value of $109,000 is notably low, especially against the citywide average of $390,000. The home is older than most city properties, though it fits comfortably within the character of its street and neighbourhood, where homes built in the 1920s are common.
The appeal here is straightforward: this is an entry-level, lower-priced property in an established inner-city neighbourhood. It’s not a standout in size or condition, but it offers affordability and a location that may suit buyers looking for a smaller footprint or a fixer-upper. The low assessed value suggests lower property taxes, which can benefit first-time buyers, investors looking for a low-cost entry into the market, or those who prioritize location over square footage. This property would not suit someone seeking a move-in-ready, spacious family home, but it could work well for a buyer willing to invest in updates or who values the older neighbourhood character.
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How does the property’s size compare to other homes nearby?
The home is 900 sq ft, which is smaller than the street average of 1,084 sq ft and the neighbourhood average of 1,158 sq ft. It ranks in the lower third on the street and in the neighbourhood.
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Why is the assessed value so low compared to the city average?
The assessed value of $109,000 reflects the home’s smaller size, older age, and the overall property values in the William Whyte area. It ranks in the bottom 1% citywide, meaning it’s one of the lowest-valued properties in Winnipeg.
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Is the house very old, and what does that mean for maintenance?
Built in 1914, the home is older than the city average (1966) but close to the typical age of homes on Alfred Avenue (1929). Buyers should expect potential issues with aging infrastructure, such as old wiring, plumbing, or foundations, and budget for ongoing upkeep.
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What is the lot size, and is there room for expansion?
The lot is 3,003 sq ft, which is slightly under the street and neighbourhood averages. While not large, it may offer some outdoor space for a garden or small addition, though any expansion would need to consider zoning and setback requirements.
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Who would be the ideal buyer for this property?
This home is best suited for first-time buyers on a tight budget, investors seeking a low-cost rental, or anyone willing to take on a renovation project. It’s less appropriate for buyers looking for a modern, spacious, or low-maintenance home.