Key Characteristics & Buyer Profile

This is a 1,119 sqft home built in 1930 on a 3,004 sqft lot, located on Alfred Avenue in the William Whyte neighbourhood of Winnipeg. Its assessed value is $169,000.

The property sits in a middle-of-the-pack position on most metrics. The living space is slightly above the street and neighbourhood averages, but well below the city-wide median. The land size follows a similar pattern: typical for the area, but small by broader city standards. The assessed value is notably low compared to the city average ($169K vs $390K city-wide), which places it in the bottom 5% city-wide for valuation. This is not a reflection of condition—it’s simply a function of the neighbourhood’s price bracket.

The building’s age (1930) is consistent with its immediate surroundings, where most homes date from the late 1920s. That makes it older than roughly 80% of homes across Winnipeg, but part of a cohesive vintage streetscape.

Where the appeal lies: The property offers something functional rather than flashy. For someone who wants a solidly average home in a neighbourhood where the numbers are predictable, this avoids extremes. It’s not oversized, it’s not undervalued relative to its street, and it doesn’t stand out as either a bargain or a stretch. That stability might be exactly what a buyer wants—few surprises in terms of comparables.

Who it suits: First-time buyers looking for an entry point into a modest, established area. Also people who prefer older neighbourhoods with mature trees and character over newer suburbs, and who aren’t looking to maximize square footage or land area. It would less suit someone wanting a large lot, a newer build, or a property with strong upside potential in a rapidly appreciating area.

Five Possible FAQs

1. How does the property's assessed value compare to similar homes in the area?
It’s close to the street average ($169K vs $164K street median) and above the neighbourhood median of $149K. City-wide, it’s very low—only about 5% of Winnipeg properties are assessed lower. This is typical for William Whyte, not a red flag.

2. The lot is 3,004 sqft—is that considered small?
For Alfred Avenue and William Whyte, it’s within normal range (both average around 3,200–3,300 sqft). Compared to the city average of 6,570 sqft, it’s small, but that’s consistent with older, closer-in neighbourhoods where lots tend to be compact.

3. The home was built in 1930—should I expect higher maintenance?
It’s typical for the area; most nearby homes are from the same era. Age doesn’t automatically mean poor condition, but older homes often have different insulation, wiring, and foundation considerations. A pre-purchase inspection would be the best way to assess the specific condition.

4. What do the rankings mean in practical terms?
They show where this property sits relative to others in the same street, neighbourhood, and city. For example, the living area ranks in the top 39% on the street and top 46% in the neighbourhood—slightly above average but not exceptional. The land size is closer to average. These comparisons help you understand whether the property offers more or less than what’s typical in its immediate context.

5. Is the area considered up-and-coming, or stable?
The data doesn’t directly answer that, but the valuation pattern (low city-wide, average locally) suggests a stable, lower-cost area rather than one in rapid transition. It’s a neighbourhood where prices have not outpaced the city norm, which could mean more consistent valuations over time but less short-term appreciation.