385 Alfred Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,487-square-foot home built in 1915, located on Alfred Avenue in Winnipeg’s William Whyte neighbourhood. Its standout feature is living space. At nearly 1,500 square feet, it ranks in the top 10% on its street and top 17% in the community—well above the local average of roughly 1,084 and 1,158 square feet respectively. Citywide, it sits near the average.

The trade-off is land and assessed value. The lot is 2,622 square feet, which is notably smaller than both the street average (3,225 sqft) and the city average (6,570 sqft). The assessed value is also low—$134,000, ranking in the bottom 2% citywide—which keeps property taxes modest relative to larger or newer homes.

The house itself is older (1915), which is typical for this part of Winnipeg. The street and neighbourhood averages are around 1927–1929, so it fits the local character. Buyers should expect an older home’s upkeep considerations, but also the possibility of original detailing or solid construction common to pre-war houses.

Who it suits: Buyers who prioritize interior space over yard size. This could work well for someone who wants a reasonably spacious floor plan on a budget, in a central neighbourhood with older housing stock. It’s less ideal for anyone needing a large lot, a newer build, or a high resale value relative to assessment.

Frequently Asked Questions

1. Why is the assessed value so low compared to the city average?
The $134,000 assessment reflects the home’s age, its smaller lot, and the fact that William Whyte generally has lower property values than newer or more affluent parts of Winnipeg. The assessment appears consistent with other properties on the street and in the neighbourhood.

2. Is a 1915 home likely to have major issues?
It depends on maintenance history. Pre-1920s homes can have solid construction (often brick or timber) but may need updated electrical, plumbing, insulation, or roofing. A thorough inspection is recommended, especially for knob-and-tube wiring or lead pipes common in that era.

3. How does the small lot affect usability or resale?
A 2,622-square-foot lot limits outdoor space for gardening, expansion, or parking additions. For resale, a smaller lot can be a drawback for families wanting a big yard, but it may appeal to buyers looking for less maintenance. It also keeps the property tax low.

4. Does the ranking data mean the house is well-priced?
The rankings show the home offers above-average interior space at a below-average assessed value (and likely a below-average asking price relative to city norms). That suggests potential value for space-conscious buyers, but the low land value and older construction should factor into any offer.

5. What’s the neighbourhood like in terms of comparables?
William Whyte is a mixed, older central neighbourhood with many early-20th-century homes. The average home here is slightly smaller in living area (1,158 sqft) and slightly newer (built around 1927). This house is larger than most nearby but sits on a slightly smaller lot. It fits the area’s overall character.