522 Alfred Avenue – Property Summary

Key Characteristics & Who It Suits

This is a 1914 home with 1,764 square feet of living space on a 3,268-square-foot lot. The assessed value is $158,000.

Where the appeal lies: The standout feature is size. On its street, this property ranks in the top 4% for living area, and it’s well above average for the William Whyte neighbourhood and citywide. That means you’re getting noticeably more interior space than most comparable homes nearby. The lot is also slightly larger than the street average, though not unusually big for the neighbourhood.

The assessed value tells a different story. On the street and in the neighbourhood, it’s around average—but compared to the rest of Winnipeg, it’s in the bottom 5%. That’s because the citywide average is pulled up by much higher-value areas. For someone focused on the local market, the value looks reasonable. For someone comparing across the whole city, this property is priced well below typical levels.

The year built (1914) is older than the street and neighbourhood averages, and significantly older than the citywide average of 1966. That’s not unusual for this area, but it does mean the home likely has characteristics common to early-20th-century houses: solid construction, potentially smaller rooms, and possibly older systems that may need updates.

What type of buyer it suits: This property would work well for someone who prioritizes interior space and is comfortable with an older home. It’s not a fixer-upper by the numbers, but it’s not a turnkey modern build either. Buyers who want a lot of square footage for the assessed value—especially those focused on the local market rather than citywide comparisons—would likely find this interesting. It also suits someone who doesn’t need a large yard, since the lot is smaller than the Winnipeg average.

Frequently Asked Questions

1. How does the assessed value compare to similar homes on the street?
It’s around average. The street’s average assessed value is $164,100, and this home is at $158,000, placing it just slightly below the midpoint. In the neighbourhood, it’s also close to the $149,100 average.

2. Is a 1914 home likely to have any particular issues?
Homes of that era often have plaster walls, knob-and-tube wiring, or older plumbing, but it varies. The data doesn’t indicate condition—only the year built. A home inspection would be important to check the state of the foundation, roof, electrical, and heating systems.

3. Why is the living area ranking so much stronger than the assessed value ranking?
Living area is just one factor in assessed value. Location, condition, lot size, and recent sales in the area all matter. This home has more space than most nearby, but the assessment suggests that extra space doesn’t translate into proportionally higher value—possibly because of the older construction, the neighbourhood’s overall price levels, or other factors.

4. How does the land area compare to other homes in Winnipeg?
At 3,268 square feet, the lot is smaller than the citywide average of 6,570 square feet. But on its own street, it’s above average (top 19%). So if you’re comparing locally, the lot is decent; if you’re comparing to newer suburban lots, it’s modest.

5. Is this property a good investment?
That depends on your goals. If you’re looking for a lot of living space at a relatively low assessed value, it offers that. But the older year and below-average citywide assessment may mean slower appreciation compared to newer homes in higher-demand areas. It’s likely more suitable as a primary residence than a short-term flip.