343 Alfred Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,756 sqft home on a 3,001 sqft lot, built in 1901. The standout feature is its living area: it ranks in the top 4% on its street, top 8% in the William Whyte neighbourhood, and top 19% citywide in Winnipeg. For its age and location, the interior space is unusually generous.

However, the assessed value tells a different story. At $54,000, it lands in the bottom 1% on Alfred Avenue, bottom 1% in William Whyte, and bottom percentile citywide. This is partly driven by the home’s age—1901 puts it among the oldest 3% of properties on the street—and partly by the modest lot size, which is slightly below average for the area and well below the citywide norm of 6,570 sqft.

The appeal here is space for the money. A buyer gets a large floor plan in an older, established neighbourhood, but at a valuation that reflects the property’s age and lot constraints rather than its interior square footage. It would particularly suit someone who prioritizes room to live over modern finishes or a large yard—renovators looking to build equity, first-time buyers wanting more space than a typical starter home, or investors targeting a value-add opportunity in a neighbourhood where similar-sized homes are scarce.

Five Possible FAQs

1. Why is the assessed value so low compared to the living area?
The street and neighbourhood averages for assessed value are pulled up by newer, more modern homes. This property’s 1901 build and below-average lot size keep its valuation low, even though the interior is well above the local norm for square footage. Assessed value reflects the whole package—land, age, condition—not just floor area.

2. Is a 1901 home likely to need major structural work?
It depends on how it’s been maintained, but any home of that age should be inspected carefully—especially the foundation, roof, and electrical. Older homes often have plaster walls, lead paint, and outdated wiring. That said, many well-kept 1900s houses in Winnipeg have solid bones if the basics have been updated.

3. How does the lot size affect usability?
At 3,001 sqft, the lot is smaller than typical for the neighbourhood (average 3,277 sqft) and much smaller than the city average of 6,570 sqft. You have less outdoor space for gardening, sheds, or expansion. But if you’re focused on indoor living or a low-maintenance yard, it may not be an issue.

4. What is the William Whyte neighbourhood like?
William Whyte is an older, inner-city area with a mix of century homes and more recent infill. It’s not a high-demand market compared to newer suburbs, which is part of why the assessed values stay low. It’s worth driving through at different times to get a feel for the street and surrounding amenities.

5. Does the top-tier living area ranking mean the house is unusually large?
Locally, yes—it’s significantly bigger than the 1,084 sqft average on Alfred Avenue and the 1,158 sqft neighbourhood average. Citywide, the average for comparable homes is 1,342 sqft, so it’s still above that, but less dramatically. “Top 4% on the street” is a more meaningful benchmark than the citywide ranking.