273 Alfred Avenue – Property Summary
Key Characteristics & Buyer Suitability
This is a 1,043-square-foot home built in 1924 on a 3,560-square-foot lot in the William Whyte neighbourhood of Winnipeg. The property’s main strengths are its lot size and the value it offers relative to citywide pricing.
Where the appeal lies: The lot stands out. It ranks in the top 20% within the neighbourhood and is noticeably larger than many nearby properties. For someone who values outdoor space—gardening, storage, or room to expand later—this is the defining feature. The assessed value is low by citywide standards but sits near the middle of the neighbourhood, which suggests the price reflects local conditions rather than any single issue with the home. The living area is average for the street and area, so you’re not getting a cramped layout.
What type of buyer it would suit: This property fits buyers who are comfortable with an older home (built 1924) and prioritize land and affordability over a move-in-ready, updated interior. It would appeal to first-time buyers looking for a lower entry price in a central neighbourhood, or to investors or renovators who see the lot as the main asset. It’s less suited for someone who wants a modern, large home without any work, or who needs to be in a top-rated school catchment or high-appreciation area.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value is roughly $140,000. On Alfred Avenue, it’s slightly below the street average of $164,100, but it’s close to the William Whyte neighbourhood average of $149,100. Citywide, it’s well below the $390,100 average for comparable homes, which reflects both the age of the home and the neighbourhood’s pricing.
2. Is the lot big enough for a garage or an addition?
At 3,560 square feet, the lot is larger than most on the street and in the neighbourhood. Whether you can add a garage or extend the footprint depends on zoning, setbacks, and permit requirements. It’s worth checking with the city, but the size gives you more flexibility than a typical infill lot.
3. What condition is a 1924 home likely to be in?
No inspection details are provided here, but homes from this era often have original foundations, plaster walls, and older electrical or plumbing systems. The ranking data shows it’s older than 85% of homes citywide, so expect some maintenance needs. A thorough home inspection is strongly recommended.
4. How does this property compare to others in William Whyte?
The home is fairly typical for the area in terms of size (around 1,043 sqft) and age (1924). The lot is above average, which is a key differentiator. Assessed values in the neighbourhood are modest, so you’re not overpaying relative to local comps. The neighbourhood itself is central and older, with a mix of character homes and some redevelopment.
5. What does “Above Average” and “Below Average” actually mean in these rankings?
The rankings compare this property to others in the same category. “Above Average” for lot size means this home outperforms most on the street and in the neighbourhood. “Below Average” for citywide lot size just reflects that lots in Winnipeg vary widely—this is still a decent-sized lot for the area. The “Below Average” ranking for year built and citywide assessed value simply means the home is older and priced lower than much of the city, not that there’s anything wrong with it.