355 Alfred Avenue

Property Overview

This 1952 two-storey home at 355 Alfred Avenue presents a practical opportunity in Winnipeg's William Whyte neighbourhood. Its key appeal lies in offering above-average space and a renovated basement at a value-conscious price point. With 1,596 sq ft of living area, it ranks in the top 8% of homes on its street for size, providing more room than many nearby properties. The home sits on a 3,265 sq ft lot and includes a detached garage. A notable feature is the renovated basement, adding functional living space. Recent market activity shows it sold for $24,6k in April 2022, with a current assessed value of $22.3k, which places it in the top 16% of Winnipeg for assessed value—suggesting it is viewed as a solid asset relative to its price tier.

The property would suit a first-time buyer or an investor looking for a character home with good square footage without a premium price tag. Its above-average rankings for lot and living area size on the street indicate it's a "larger fish in a smaller pond," offering more house for the money compared to immediate neighbours. A thoughtful perspective is that while the home itself is older, its size and value metrics are strong for the area, potentially offering a comfortable living space that outperforms many newer but smaller builds in the vicinity. It’s a home for someone who prioritizes interior space and a renovated basement over a newer build year.

Frequently Asked Questions

1. How does this home compare to others on the street?
It ranks in the top third for lot size and the top 8% for living area on Alfred Avenue, meaning it offers more space than most homes on the same street. However, it is older than about 80% of them.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. This should be verified during a viewing to understand the quality and layout of the additional space.

3. Is the assessed value reliable?
The assessed value of $22.3k is in the top 16% city-wide, which is a strong relative metric. However, it is below the 2022 sale price of $24.6k, so market conditions and any changes since the last sale should be considered.

4. Who might this property not suit?
Buyers seeking a modern build or the newest systems may be deterred, as the home is 74 years old and ranks in the top 20% of oldest homes on its street. Those wanting an attached garage or a pool would also need to look elsewhere.

5. How does the neighbourhood compare?
In the broader William Whyte neighbourhood, this home ranks in the top 13% for living area and top 11% for assessed value, indicating it stands out as a larger, higher-valued property within the local context.