Here is a summary of 496 Alfred Avenue, Winnipeg, written for direct web display.
Property Overview: 496 Alfred Avenue
Key Characteristics & Appeal
This 1,026 sqft home, built in 2007, sits on a 3,268 sqft lot in the William Whyte neighbourhood. Its standout feature is its age: at just 17 years old, it is significantly newer than almost everything around it. On its own street, it ranks in the top 5% for year built, and in the top 13% city-wide, where the average home was built in 1966. This gives it modern construction standards and systems without the premium of a brand-new build.
The assessed value of $214,000 tells an interesting story. On the street and in the neighbourhood, the home ranks well above average (top 19% and top 12%, respectively), reflecting that its newer condition commands a higher value than older surrounding properties. However, compared to the city-wide average assessment of $390,100, it is below average. This creates a specific opportunity: you get a home that is relatively modern and considered a top-tier asset in its immediate area, at a price point well below the typical single-family home in Winnipeg.
The living area is about average for the street but below the city-wide norm, and the land area is similarly modest by broader Winnipeg standards.
Who It’s For: This property is best suited for a buyer who wants a newer, turnkey home in a central neighbourhood, without paying for a large lot or a big floor plan. It appeals to someone who values low-maintenance, modern systems over historic character, and who is comfortable owning a home that is a clear standout in a block of older homes. It may be less appealing to someone seeking a large yard or a home that blends into a uniformly modern streetscape.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighbourhood average but lower than the city average?
The home is newer and likely in better condition than most of its neighbours in William Whyte, which pushes its value well above the local median of $149,100. However, Winnipeg as a whole includes many larger homes on bigger lots in more affluent areas, which pulls the city-wide average up to $390,100. This home sits in a middle ground: a premium local property at a moderate city-wide price.
2. How does the “Top 5%” ranking for year built actually affect daily life?
Practically, it means the home’s mechanical systems (furnace, electrical, plumbing) and structure are likely in better shape than those in a 95-year-old house. You’re less likely to face immediate, expensive replacements—like a new roof or foundation work—that often come with much older homes in the area. The trade-off is that the home won’t have the historic details or character of its older neighbours.
3. The living area is described as “around average” on the street. What does that mean for a buyer?
It means the 1,026 sqft floor plan is typical for this block. You won’t be cramped compared to other homes nearby, but you also aren’t getting a larger-than-normal house for the area. It’s a practical, not generous, amount of space. If you need a lot of square footage, you may need to look at different streets or consider a home with a basement suite.
4. Is a 3,268 sqft lot small or restrictive?
By Winnipeg standards, this is a small lot. The city-wide average is nearly double that size. You’ll have a modest yard, likely suitable for a small garden or a patio but not for large projects or extensive landscaping. If you value outdoor space highly or want room for a garage, a workshop, or a large family garden, this lot size will feel tight. If you want a low-maintenance yard, it’s ideal.
5. What does the “Top 12%” assessment in the neighbourhood tell you about resale value?
It suggests the home is already near the top of what the immediate market in William Whyte will support. Future value growth will likely depend more on the neighbourhood’s overall trajectory than on the home itself getting significantly better relative to its neighbours. It’s a strong asset now, but the upside may be more gradual than if you bought a fixer-upper on the same street.