466 Alfred Avenue

Property Overview

This two-storey home on Alfred Avenue, built in 1907, presents a classic opportunity in Winnipeg's William Whyte neighbourhood. Its key appeal lies in its solid fundamentals and clear potential. With a living area of 1,278 sqft on a 1,518 sqft lot, the house offers a generous footprint for the area. The data indicates a strong positional value: the property ranks in the top 1% for lot size both on its street and within the wider neighbourhood, suggesting a standout parcel of land. While the interior includes an unrenovated basement and lacks a garage, the assessed value is notably in the top 4% for Winnipeg, hinting at a foundation of municipal valuation that outpaces many city properties. This home would suit a buyer looking for a character property with clear metrics for its land value, who is prepared for a project—particularly the basement—and values space over immediate modern finishes. It’s a practical canvas for a hands-on owner or investor.

Frequently Asked Questions

What does the "top 1%" ranking for lot size actually mean?
It means this property's land area is larger than 99% of other lots on Alfred Avenue and within the William Whyte neighbourhood. This is a significant characteristic, offering more outdoor space or development potential than most direct comparables.

The house was built in 1907. What should I be most concerned about?
While systems like wiring and plumbing are typical focal points for homes of this era, the listing explicitly notes the basement is "not renovated." This area likely requires immediate inspection for foundation integrity, moisture management, and the condition of older mechanical systems.

How should I interpret the assessed value being in the top 4% citywide?
This suggests the city's assessment places a relatively high value on this property compared to most homes in Winnipeg. It's crucial to remember this is for tax purposes, not market value, but it can indicate the property is not considered a low-value outlier by municipal standards.

There's no garage. How does parking typically work here?
The property has no garage, so parking would be on-street. It's advisable to check local parking regulations and observe typical availability at different times to understand the practical day-to-day reality.

The listing shows comparable homes with varying values. What's the main takeaway?
Nearby properties on similar streets have a wide range of assessed values and sizes, even within the same neighbourhood. This highlights the importance of evaluating each home's specific condition, lot attributes, and exact location, as values can differ significantly from one block to the next.