566 Alfred Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a compact older home (built 1909) with 883 square feet of living space, sitting on a 3,268-square-foot lot. The living area is below average for its street, neighborhood, and city, but the lot size stands out: it ranks in the top 20% on Alfred Avenue, offering more outdoor space than most nearby homes. The assessed value is $126,000—around average for the street and neighborhood, but very low compared to citywide figures, reflecting the modest size and age of the property.

The appeal here is practical rather than flashy. It’s a smaller, older house in the William Whyte neighborhood of Winnipeg that offers decent land in a trade-off for a compact interior. Buyers who might suit this property include first-time buyers looking for an affordable entry point, investors seeking a lower-cost property with a reasonably sized lot, or someone willing to take on a renovation project to update an early 20th-century home. The below-average rankings for living area and year built suggest this isn’t a “move-in ready” premium home, but the lot adds potential for expansion, gardening, or outdoor use.

Five Possible FAQs

1. Is this home a good investment given the below-average living area?
It depends on your goals. The living area is smaller than typical for the area, which may limit resale appeal to buyers who prioritize interior space. However, the above-average lot size (top 19% on the street) could offset that, especially if you’re considering an addition or simply value outdoor space. The assessed value is average for the street and neighborhood, which suggests current pricing aligns with comparables.

2. How common are homes built in 1909 in this neighborhood?
Homes from around 1909 are slightly older than average on Alfred Avenue (median 1929) but fairly typical for William Whyte overall (median 1927). Citywide, only about 5% of homes are older, so it’s an older structure but not unusual for the area. Be prepared for potential maintenance tied to age, such as foundation or electrical updates.

3. What does the lot size mean practically?
At 3,268 square feet, the lot is above average for the street but below citywide norms. That extra land relative to neighbors gives you more yard space than many similar homes. Still, compared to typical Winnipeg lots (which average 6,570 sqft citywide), it’s smaller. It’s a modest city lot—useful for a garden, a small shed, or outdoor seating, but not oversized.

4. How does the assessed value compare to the asking price?
The assessed value is $126,000. That’s a baseline, not a guarantee of market price. On Alfred Avenue, the average assessment is $164,100, so this home is below that benchmark. Citywide, it’s well below average ($390,100). If the asking price is close to the assessed value, it may reflect the smaller living area and older structure. Check the listing for the actual price.

5. Is this property suitable for a family?
With 883 square feet, it could work for a small family or a couple but would feel tight for a larger household, especially without a basement layout specified. The lot size provides some outdoor room for kids or pets. Consider the number of bedrooms and overall flow—these details aren’t included in the data here. It’s more of a starter home or downsizer than a long-term family space.