Here is a clean, standalone summary of the property at 405 Alfred Avenue, written for direct display on a webpage.

Property Overview: 405 Alfred Avenue

Key Characteristics & Suitability

This property is a 1911-built home with 1,240 sq. ft. of living space on a 3,266 sq. ft. lot. Its main appeal lies in its unusual combination of generous interior space and a remarkably low assessed property tax value. The living area is notably above average for both its immediate street and the surrounding William Whyte neighborhood, placing it in the top third of all properties locally. At the same time, the property’s assessed tax value sits well below the average for its own street and is in the bottom 1% city-wide.

This creates a practical advantage: the buyer gets a home with more room than most nearby properties, paired with significantly lower annual tax costs than typical for a home of this size. The trade-off is apparent in land size (which is in line with the neighborhood but small relative to the city average) and age (1911, which is older than the average Winnipeg home).

This property would suit a buyer who prioritizes interior square footage and low carrying costs over land size or a modern build year. It is less ideal for someone seeking a large yard or a newer structure. It may also appeal to an investor or homeowner looking for value in a neighborhood where the spread between tax assessment and actual living space is favorable.

Five Frequently Asked Questions

1. How does the low assessed tax value affect my monthly costs?
Because property taxes are calculated from the assessed value, this home’s low assessment (11.9万) means you will pay significantly less in annual taxes compared to properties city-wide with similar square footage. This can be a major factor in keeping overall monthly housing costs down.

2. Is a home built in 1911 a risky purchase?
It depends on the condition. Many homes from this era have solid construction but will almost certainly have older mechanical systems (plumbing, electrical, heating) and may contain materials like lead paint or Knob-and-Tube wiring. A thorough home inspection is essential to understand what has been updated and what may need attention soon. The age does mean the structure has stood for over a century, which can speak to its fundamental soundness.

3. Why is the land size close to the neighborhood average but so much smaller than the city average?
This is common in older, established urban neighborhoods like William Whyte. These areas were platted before modern suburban lot standards, meaning lots are more compact. The city average of 6,570 sq. ft. is heavily influenced by newer suburban developments with large yards. For context, this property’s lot is typical for a walkable, older street.

4. What does “ranked 90,269th out of 194,458 city-wide” actually mean?
It means that in terms of living area, this property is slightly larger than the typical Winnipeg home. Exactly 46% of city-wide properties are smaller than this one. In practical terms, you are getting a home that offers above-average interior space without paying above-average taxes.

5. Who typically buys homes in this price and size range in William Whyte?
Buyers are often a mix of first-time homeowners attracted by the lower cost of entry, long-term residents who appreciate the established neighborhood and proximity to downtown amenities, and investors looking for rental properties where the tax-to-square footage ratio is favorable. It is less common for a family seeking a large backyard or a new-construction finish to be drawn to this specific combination.