325 Alfred Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,080-square-foot home on a 3,001-square-foot lot, built in 1899, with an assessed value of $135,000. The property sits on Alfred Avenue in the William Whyte neighbourhood of Winnipeg.

Where this home stands out is its assessed value relative to the citywide average. At $135,000, it’s well below the median across Winnipeg—ranking in the bottom 2% citywide—which reflects a much lower entry point than most properties. The lot size is also notably smaller than typical Winnipeg homes, though it’s fairly standard for the immediate street and neighbourhood.

The living area is around average for both Alfred Avenue and the wider area, meaning there’s nothing unusual about the floor plan size for this part of the city. The most notable feature is the age: built in 1899, it’s older than nearly all comparable homes on the street, in the neighbourhood, and across Winnipeg. That kind of vintage often means character details, solid materials, and a layout from a different era—but it also means maintenance history and systems need close attention.

This property would likely suit:

• Buyers looking for an affordable entry into Winnipeg’s housing market, especially those comfortable with an older home and willing to invest in updates.
• Investors or flippers targeting properties where the assessed value is low but the neighbourhood median is higher.
• People who prioritize location or street-level affordability over modern finishes or a large lot.

Five Possible FAQs

1. Is the property in a flood zone or subject to special zoning?
The data provided doesn’t indicate flood risk or zoning specifics. Given the home’s age (1899) and lot size, it’s worth checking city records for any heritage designations, non-conforming use, or historical flood patterns in the William Whyte area.

2. How does the assessed value compare to recent sale prices on the street?
Assessed value is a tax tool, not a market price. On Alfred Avenue, the median assessed value is around $164,000, but actual sale prices may be higher or lower depending on condition, recent renovations, and buyer demand. A local realtor can provide recent comparables.

3. What’s the typical condition of a home built in 1899?
Homes of this vintage often have plaster walls, knob-and-tube wiring (or older updates), cast iron plumbing, and foundations that may need repointing or waterproofing. The heating system and roof are common replacement items. It’s strongly recommended to get a structural, electrical, and plumbing inspection before purchase.

4. Why is the lot size ranked lower citywide but average locally?
Winnipeg has many newer suburban lots that are significantly larger (citywide average is 6,570 sq ft). On Alfred Avenue and in William Whyte, lots are consistently smaller, so 3,001 sq ft is normal for the area. If you’re comparing this property to the rest of the city, expect a compact yard.

5. Are there any recent renovations or upgrades to the property?
The data doesn’t list renovations. Given the assessed value and age, it’s reasonable to assume the home may need updates—but without an inspection or seller disclosure, this is purely speculative. Ask for a list of any permits pulled or work done in the last 10 years.