Property Summary: 979 sqft Home on Alfred Avenue, Winnipeg

Key Characteristics & Buyer Profile

This is a modest, early-1900s home (built 1903) with roughly 979 square feet of living space and a 3,000 sqft lot. The property sits in Winnipeg’s William Whyte neighbourhood, on Alfred Avenue. Its assessed value—$89,000—is significantly below both the street average ($164,100) and the citywide median ($390,100). The home ranks in the bottom 1% citywide for value and year built, and bottom 24% for living area.

Where the appeal lies is in affordability and entry-level pricing. This is one of the least expensive homes in a low-cost area of Winnipeg. The land is average-sized for the neighbourhood, which offers some flexibility for future use. The home’s age means it likely needs updating, but it also means it sits on a more established street with mature surroundings.

This property suits buyers who are willing to take on a project—first-time homeowners with limited budgets, investors looking for a low-cost rental or flip, or anyone who prioritizes a lower purchase price over move-in readiness. It’s not for someone seeking modern finishes, prime condition, or a quick resale without work. The value gap between this property and nearby homes also suggests potential for long-term equity growth if improvements are made, though the neighbourhood’s overall market lags citywide averages.

Frequently Asked Questions

1. Why is the assessed value so low compared to others on the same street?
The $89,000 assessment likely reflects the home’s age, condition, and smaller living area. Many homes on Alfred Avenue are larger (averaging 1,084 sqft) and have been updated or better maintained. The bottom-7% ranking on the street indicates this property is one of the most affordable in that immediate area.

2. Is this a good option for a first-time buyer with limited renovation experience?
It depends on your expectations. The 1903 build means you’re likely dealing with older wiring, plumbing, and possibly a foundation or roof that needs attention. If you have a contractor lined up or are comfortable with gradual DIY work, it could work. But if you need a home you can move into immediately with minimal fixes, this might require more than anticipated.

3. How does the lot size compare to newer homes in Winnipeg?
At 3,000 sqft, the lot is average for the neighbourhood and street but smaller than many newer suburban lots. It’s a standard city lot for older Winnipeg neighbourhoods—enough for a house, a small yard, and possibly a garage or garden. It won’t offer expansive outdoor space, but it’s consistent with the area.

4. What is the neighbourhood like for resale or rental investment?
William Whyte is a lower-cost area of Winnipeg, historically with modest property values. Resale potential depends heavily on how much you invest in renovations. Rentals here typically attract tenants looking for affordable options, but the area doesn’t have the same demand as more central or growing neighbourhoods. Run the numbers carefully before assuming a quick return.

5. Could this property ever reach the average assessed value on Alfred Avenue?
It’s possible, but not guaranteed. To get from $89,000 to the street average of $164,100, you’d need to add significant value—likely through a full gut renovation or addition. The land itself isn’t large enough to dramatically increase value through subdivision. More realistic would be aiming for $110,000–$130,000 after moderate updates, if market conditions hold.