332 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,188-square-foot home on a 3,266-square-foot lot, built in 1907. Assessed at $167,000, it sits on Alfred Avenue in the William Whyte neighbourhood of Winnipeg.
The property is roughly average for its street and neighbourhood in terms of size and assessed value. Its living area ranks in the top third on Alfred Avenue and top 39% in the neighbourhood, so it’s not unusually small for the area. The lot is also typical for the immediate surroundings. The assessed value is notably low compared to citywide averages—this is one of the most affordable properties in Winnipeg relative to the overall market (bottom 5% citywide). The home’s age (1907) places it among older homes both on the street and citywide, which means systems and structure may reflect early-20th-century construction.
Where the appeal lies: The main draw is affordability within a modest, older neighbourhood. For someone who wants a detached home in Winnipeg at a below-median price point, this property delivers that without being an outlier on its own street. It’s a straightforward entry-level home in a working-class area with comparable neighbours. The lot size is workable and typical for the block, not unusually tight.
Who it would suit: First-time buyers priced out of more expensive neighbourhoods, investors looking for a lower-cost rental with reasonable comparables, or someone who values being in a older, established area rather than new subdivisions. It’s less suited for anyone seeking a large yard, a newer home, or a property that stands out positively on paper—this is a practical, average option in its immediate context.
Frequently Asked Questions
1. Is this a small home compared to others in Winnipeg?
Not particularly. Citywide, it ranks in the top 51% for living area, meaning it’s right around the middle. It’s slightly below the city average of 1,342 square feet, but not unusually small.
2. Why is the assessed value so much lower than the city average?
The citywide average includes many newer, larger homes in higher-value neighbourhoods. This property’s value reflects its age, location in William Whyte, and typical market prices there. On its own street, the assessed value is actually slightly above the street average of $164,100.
3. How old is the house, and what should I know about that?
Built in 1907, it’s older than most homes on Alfred Avenue (where the average build year is 1929) and much older than the city median of 1966. Expect potential issues like lead pipes, old wiring, or foundation work that are common in pre-1920s homes. A thorough inspection is strongly advised.
4. How does the lot size compare?
At 3,266 square feet, it’s typical for Alfred Avenue and the William Whyte neighbourhood. Citywide, lots average nearly double that size, but that’s driven by newer suburban properties. This lot is standard for the area—not cramped, but not generous.
5. Is this a good investment property?
The assessed value and neighbourhood rankings suggest it’s priced in line with local comparables. The low citywide ranking for value means the purchase price is relatively low, but rental demand and resale potential depend on the specific block and condition of the house. Comparable homes in William Whyte tend to be valued around $149,000 on average, so this property sits slightly above that, which is worth factoring into any investment calculation.