726 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1910-built home on Alfred Avenue offers 1,046 square feet of living space on a 3,004-square-foot lot. Its assessed value sits at $173,000. The property performs around average for its street and neighbourhood in most categories, but stands out for its assessed value relative to the local area.
The main appeal here is value relative to the immediate surroundings. On Alfred Avenue, the home ranks in the top 38% for assessed value, and in the William Whyte neighbourhood, it climbs to the top 29%—meaning it holds higher value than most comparable homes nearby. However, citywide, it ranks in the bottom 5% for value, which highlights that this is a neighbourhood where prices are significantly lower than the Winnipeg average. For a buyer looking to enter the market without stretching, this represents a property with above-average local worth in a lower-cost part of the city.
The land area is slightly below both the street and neighbourhood averages, and the living space is comparable to other homes on Alfred Avenue. The year built (1910) is older than most citywide properties but typical for the area. Buyers who are comfortable with an older home—and who value affordability in a neighbourhood that is not experiencing rapid price escalation—would find this a practical fit. It is less suited for someone seeking a larger lot, a newer build, or citywide comparability in resale value.
Frequently Asked Questions
1. How does this home’s assessed value compare to others nearby?
It is above average for both Alfred Avenue and the William Whyte neighbourhood. On the street, it ranks in the top 38%, and in the neighbourhood, the top 29%. This suggests the property is considered more valuable than many similar homes in the immediate area, even though it is well below the citywide average.
2. Is the living space small for this area?
No. At 1,046 square feet, it is close to the Alfred Avenue average of 1,084 square feet and falls within a typical range for the neighbourhood. It is below the citywide average, but that is expected given the older housing stock in this part of Winnipeg.
3. The house was built in 1910. Should that be a concern?
It is older than the citywide average (1966), but consistent with the street and neighbourhood averages (1929 and 1927, respectively). Buyers should expect the maintenance and updates typical of a century-old home, but the age alone is not unusual for this area.
4. What is the lot size like?
The land area is 3,004 square feet, slightly below the street and neighbourhood averages. Citywide, it is well below average, but again, smaller lots are common in older urban neighbourhoods. This is a compact urban lot, not a sprawling yard.
5. Who would this property not be a good fit for?
Buyers looking for a newer home, a large lot, or strong citywide resale comparability would likely find this property less appealing. It is best suited for someone focused on affordability and local value rather than broader market benchmarks.