339 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,340 sqft single-family home on a 3,001 sqft lot, built in 1901, with an assessed value of $102,000. The property sits in the William Whyte neighbourhood of Winnipeg.
Where the appeal lies: The living area is its strongest feature. At 1,340 sqft, it ranks in the top 18% on Alfred Avenue and above average for the neighbourhood. For someone who values indoor space over lot size or a modern build, this home delivers significantly more square footage than most nearby comparables. The assessed value is well below the street, neighbourhood, and city averages—notably, it sits in the bottom 1% citywide for valuation. This could signal either an opportunity for an investor looking for value-add potential, or a property that simply hasn't kept up with market appreciation.
Less obvious perspective: The year built (1901) places it among the oldest homes on the street and in the neighbourhood. Older homes often come with solid framing and mature landscaping, but also with maintenance considerations around foundations, wiring, and insulation. The lot is modest—below street average and well below the citywide norm—which means limited outdoor space but also less yard upkeep. For a buyer focused on interior living area rather than land, this trade-off may be acceptable or even desirable.
Who it would suit: First-time buyers who want above-average indoor space at a below-average price point. Investors or flippers who see potential in an undervalued property within an older neighbourhood. Buyers who appreciate character homes from the early 1900s and don't mind a smaller lot. It's less suited for families seeking a large yard, or for anyone wanting a move-in-ready modern home with minimal maintenance.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value of $102,000 is well below the street average of $164,100, the neighbourhood average of $149,100, and the citywide average of $390,100 for comparable homes. It ranks in the bottom 1% citywide, meaning almost all other Winnipeg homes are assessed higher.
2. What should I know about a house built in 1901?
Homes from this era often have solid wood framing and good bones, but may need updates to electrical, plumbing, insulation, and roofing. It's worth budgeting for a thorough home inspection, especially for older foundations and lead paint. The property ranks among the oldest 3% on its street and in the neighbourhood.
3. Is the lot size typical for this neighbourhood?
The lot is 3,001 sqft, which is slightly below the neighbourhood average of 3,277 sqft and well below the Winnipeg average of 6,570 sqft. It ranks near the bottom citywide for lot size. If having a large garden or backyard is important, this property may feel tight.
4. What are the property taxes likely to be?
Property taxes are based on the assessed value of $102,000. Since that's significantly below average for the area, annual taxes should be relatively low. You can confirm the exact rate with the City of Winnipeg's property tax calculator using the assessed value as a starting point.
5. Is this a good candidate for renovation or flipping?
The low assessed value combined with above-average living area suggests potential upside. The modest lot and older construction mean renovations may cost more per square foot than a newer home, but the purchase price leaves room for upgrades. The key will be whether improvements can raise the assessed value and market price enough to justify the work.