Here is a clean, standalone summary of the property at 584 Alfred Avenue, suitable for direct web display.

Key Characteristics & Target Buyer

This is a 1907-built home with 1,047 sq ft of living space on a 3,268 sq ft lot. Its appeal is rooted in pragmatism and land value rather than modern finishes. The property sits in William Whyte, a neighborhood where the home’s assessed value ($147,000) falls below the community average, making it one of the more affordable options in the area.

What stands out here is the lot. It ranks in the top 19% on Alfred Avenue for size—meaning it’s noticeably bigger than most of its immediate neighbors. The house itself is older than the street average (1907 vs. 1929), and the living space is close to typical for the area. However, given the land-to-structure ratio, this is a property where the value lies in the dirt, not the finishes.

This property would suit a buyer who is comfortable with an older home and sees long-term potential in the land. It’s a solid fit for someone looking to renovate, rebuild, or hold an asset in a neighborhood where the tax base is low and the lot is generous relative to the purchase price. It is less suited for someone seeking a move-in-ready home with modern square footage or a high resale value on the structure itself.

Frequently Asked Questions

1. Is the property considered undervalued compared to others nearby?
On a per-square-foot basis for land, yes. The lot is larger than 81% of homes on the same street, yet its assessed total value is slightly below the William Whyte average. This gap between land size and assessed value is less typical and may reflect the age or condition of the structure more than the land itself.

2. How does the age of the home affect insurance or renovation costs?
Homes built in 1907 are older than 96% of properties city-wide. This will likely lead to higher insurance premiums and may require specialized policies. Renovations should also account for potential lead paint, knob-and-tube wiring, or foundation work, though none of those are confirmed here.

3. Is this a good candidate for a tear-down or major redevelopment?
The land is sized above the street average but well below the city average. While it’s not an oversized city lot, it is substantial relative to neighbors. In a neighborhood like William Whyte, this could appeal to a builder looking for infill potential, but you would need to check current zoning and setback rules.

4. Why is the assessed value so low city-wide (top 97%)?
The home’s assessed value is drastically lower than the Winnipeg average ($390k). This is a combination of the home’s age, its size (below city average), and its location in an area where overall market values are lower. The upside is very low property taxes; the trade-off is slower appreciation.

5. How does living space compare to other homes on this block?
The living area is essentially average for the street—right in the middle of the pack. It is slightly smaller than the typical William Whyte home and noticeably smaller than the city average. The house itself is not generous by modern standards, but it is typical for the area.