387 Alfred Avenue: Property Summary

Key Characteristics & Buyer Profile

This is a 1913 home in Winnipeg’s William Whyte neighbourhood with 1,120 sqft of living space and a 2,623 sqft lot. Its assessed value sits at $96,000, which is notably low relative to the street and neighbourhood averages. The living area is slightly above the street average but below the citywide average, while the lot size is on the smaller side in all three comparison scopes.

The property’s main appeal is its price point. The assessed value ranks near the bottom on the street (top 90%) and well below neighbourhood averages, which suggests it could be one of the more affordable options in the area. The year built—1913—means the home has character and likely older construction details, but also potential maintenance needs. It’s not a standout in any category, but it’s not a fixer-upper nightmare either; the living area is around average for the street.

This property would suit buyers who are budget-conscious first-time homeowners, investors looking for a lower-cost entry into the Winnipeg market, or anyone who values older neighbourhoods with established tree cover and proximity to amenities. It may also appeal to buyers who are comfortable with a smaller lot and don’t need expansive outdoor space. The home is not for someone seeking a move-in-ready modern finish or a large yard for families. It’s a grounded, no-frills property in a working-class neighbourhood where value is found in location and potential, not polish.

Frequently Asked Questions

1. Why is the assessed value so low compared to other homes on the street?
The $96,000 assessment places it in the bottom 10% on Alfred Avenue. This is often a combination of the home’s age (1913), its living area (which is only slightly above average), and potentially deferred maintenance or an older interior. It does not necessarily mean the home is in poor shape—older homes often have lower assessments simply because they haven’t been updated to modern standards. If you’re considering an offer, it’s worth checking recent sale prices on the street to see how assessments compare to market reality.

2. How does the lot size affect usability?
At 2,623 sqft, the lot is smaller than 86% of homes on the same street. This means less yard work and lower maintenance, but also limited space for additions, a garage, or a large garden. For a buyer who wants a compact, manageable property, this is a plus. For someone planning to expand the home or build a workshop, it could be restrictive.

3. What does “Top 38%” for living area actually mean in practical terms?
It means the home is slightly larger than the typical house on Alfred Avenue (1,084 sqft is the street average). It’s not a big home by any stretch, but it’s not cramped either. For a single person, a couple, or a small family, this is comfortable. The ranking drops at the citywide level (top 58%), so it’s a typical city-sized home, not a standout or a tiny house.

4. Is 1913 considered old for a house in Winnipeg?
Yes, but not unusually so. The neighbourhood average is 1927, so this home is among the older ones in the area. Citywide, the average is 1966, meaning this home is older than roughly 90% of Winnipeg houses. Older homes often have solid framing and brickwork, but they may have outdated electrical, plumbing, or insulation. A home inspection will be essential to get a clear picture of the actual condition.

5. What kind of neighbourhood is William Whyte?
It’s a centrally located, older neighbourhood north of downtown. The property is on Alfred Avenue, a residential street with a mix of single-family homes and some multi-family units. The area is ethnically diverse and has a lower cost of living relative to many other parts of the city. Amenities are nearby, including shops, schools, and parks, but it’s not a high-demand, gentrified area. Prices reflect that.