Key Characteristics & Buyer Profile

This is a 2013-built home with 1,132 sq ft of living space on a 3,266 sq ft lot, located on Alfred Avenue in Winnipeg’s William Whyte neighbourhood. Its most standout feature is the construction year: it ranks in the top 3% on its street and top 5% in the community, where the average home was built around 1927. That makes it significantly newer than most nearby properties, which can mean fewer immediate maintenance concerns and more modern building standards. The assessed value of $207,000 is notably higher than the neighbourhood average of $149,000, reflecting this relative newness, yet it sits well below the citywide average of $390,000.

The appeal lies in being a newer, move-in-ready house in an older, more established area. It offers a middle-ground option for buyers who want something built in the last decade but aren’t looking at suburban developments or premium-priced central locations. The living space is close to the street and community average, so it’s not unusually small or large for the area. The lot is also typical for the immediate surroundings but considerably smaller than the citywide norm — something to note if you value yard space or garden potential.

This property would suit a first-time buyer or someone looking to downsize without leaving the city core. It also fits an investor or homeowner who is comfortable with an older neighbourhood’s character but prefers a contemporary interior. The home likely requires less immediate work than the century-old houses nearby, which may appeal to those who want to avoid major renovations from the start.

Five Possible FAQs

1. How does the property’s assessed value compare to similar homes in the area?
The assessed value ($207,000) is above average for both Alfred Avenue ($164,000) and the William Whyte community ($149,000). However, it is well below the Winnipeg citywide average ($390,000). This suggests the home is valued higher than its immediate neighbours, largely due to its newer construction, but remains affordable relative to the rest of the city.

2. What does “newer construction” mean in this specific neighbourhood?
The home was built in 2013, while most homes on Alfred Avenue date from around 1929, and the community average is 1927. This means the property is roughly 80 to 90 years newer than its neighbours. You can expect modern electrical, plumbing, insulation, and layout standards, but you may find that the surrounding street character is dominated by older architecture, including many pre-war houses.

3. Is the living space large enough for a small family?
At 1,132 sq ft, the home is slightly above the street average (1,084 sq ft) and close to the community average (1,158 sq ft). It’s not spacious by citywide standards (average 1,342 sq ft), but it’s in line with typical older urban homes in Winnipeg. It could comfortably suit a couple, a single person, or a small family with one or two children, depending on layout.

4. How does the lot size affect this property’s usability?
The 3,266 sq ft lot is almost exactly the average for Alfred Avenue (3,225 sq ft) and the community (3,277 sq ft). It is significantly smaller than the Winnipeg average of 6,570 sq ft. That means less outdoor maintenance, but also limited room for expansions, large gardens, or additional structures like a detached garage. If you value a low-maintenance yard, this could be a benefit.

5. Does the “above average” assessed value mean the property is overpriced?
Not necessarily. The value reflects the home’s newer construction compared to much older housing stock nearby. In older neighbourhoods, a recently built home often commands a premium. However, because the overall price is still well below city averages, it may offer good value for someone wanting a modern interior without paying central or suburban prices. Always compare recent sale prices of similar homes in the area for a fuller picture.