451 Alfred Avenue – Property Summary

Section 1: Key Characteristics, Appeal, and Ideal Buyer

This is a 1,612 sqft home on a 3,267 sqft lot, built in 1910, located on Alfred Avenue in the William Whyte neighbourhood of Winnipeg. The assessed tax value is $171,000.

What stands out most is the living space. At 1,612 sqft, it’s significantly larger than most homes on its own street (top 7%) and within the wider neighbourhood (top 12%). Even citywide, it lands in the top quarter for size. That extra square footage is the property’s strongest card. The lot is also slightly above the street average, though it’s small by citywide standards—a reminder that older, inner-city neighbourhoods tend to have compact lots compared to newer suburban areas.

The home dates back to 1910, which puts it among the older stock on the street and in the neighbourhood. That’s not unusual for this area, but it does mean a buyer should expect the quirks and maintenance that come with a century-old house.

The assessed value ($171,000) is close to the street average and above the neighbourhood average, but well below the citywide median. That low assessed value, combined with the large interior, suggests a property where you’re getting a lot of space for relatively low tax exposure—at least by citywide standards.

The appeal here is straightforward: you get a genuinely spacious home in an older, established neighbourhood, at a price point that likely undercuts newer or more central areas. It’s not flashy, but it’s practical.

Who it suits: This property would work for someone who values interior space over a large yard, and who is comfortable with an older home. First-time buyers looking for room to grow, small families, or anyone wanting a fixer-upper with good bones could find it attractive. It’s less suited to someone seeking a modern, low-maintenance property or a large private lot.

Section 2: Five Frequently Asked Questions

1. How old is the house, and what should I watch out for?
Built in 1910, it’s older than most homes in Winnipeg. You should budget for potential updates to electrical, plumbing, insulation, and foundation work. Older homes can also have lead paint or asbestos—worth a professional inspection.

2. Why is the assessed value so much lower than the city average?
The $171,000 assessment reflects the home’s location in an older, inner-city neighbourhood where property values tend to be lower than newer suburban areas. That’s not necessarily a negative—it keeps taxes low—but it does mean the property may not appreciate as quickly as homes in higher-demand zones.

3. How does the lot size compare to other properties?
At 3,267 sqft, the lot is slightly larger than the street average but smaller than the city average by a significant margin. It’s a typical urban lot for this area, not a sprawling yard. Good for gardening or small outdoor spaces, but not for large-scale landscaping or expansion.

4. Is this a good investment property?
Possibly, if you’re looking for a rental in a neighbourhood with affordable entry points. The large living area could attract tenants who want space without high rent. However, older homes come with higher maintenance costs, so factor that into your numbers.

5. How does this home compare to others nearby?
It’s among the largest homes on the street and in the neighbourhood, and it’s priced close to the local average. In short: more space than most, without a premium price. That makes it a standout for value-conscious buyers in this area.