552 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,332 sqft home on a 3,268 sqft lot, built in 1905. Its main draw is space: the living area ranks in the top 18% on the street and top 27% in the William Whyte neighbourhood, meaning it’s noticeably larger than most nearby homes. The lot size also stands out locally, ranking in the top 19% on Alfred Avenue.
Where the property is less competitive is age and assessed value. The house is older than most in the area (1905 versus a neighbourhood average of 1927) and its assessed value of $146k sits slightly below the street average. Citywide, the value ranks very low (top 97%), which reflects the broader market gap between this area and higher-priced parts of Winnipeg.
The appeal here is straightforward: you get above-average interior and lot space at a below-average price point for the city. That combination tends to suit buyers who are comfortable with an older home—and the maintenance that can come with it—but want more square footage than comparably priced options elsewhere. It could also work for someone looking to build equity through renovations, since the low assessed value leaves room for improvement. The William Whyte neighbourhood is an established residential area, so buyers should be prepared for a working-class urban setting, not a newly developed suburb.
Five Possible FAQs
1. Is the 1905 build a major concern?
It depends on your tolerance for older construction. Homes from that era often have solid bones—thick plaster walls, old-growth lumber—but they can also come with outdated electrical, plumbing, or insulation. A thorough inspection is strongly recommended, especially for the foundation and roof.
2. How does the assessed value compare to similar homes?
The $146k assessment is slightly below the street average ($164k) and neighbourhood average ($149k). Citywide, it’s very low compared to the $390k average for comparable homes. That’s not a red flag—it simply means this property is in a lower-cost part of Winnipeg, which can be an advantage for affordability.
3. What’s the lot like at 3,268 sqft?
It’s above average for Alfred Avenue but typical for the neighbourhood. Citywide, it’s smaller than many suburban lots, which average over 6,500 sqft. In the city core, a lot this size is practical—enough for a decent yard or garden without being a burden to maintain.
4. How does the living area stack up against new builds?
Newer homes in Winnipeg often have smaller footprints, especially in the core. At 1,332 sqft, this house is larger than many new infill homes or townhouses in the same price bracket. If you prioritize interior space over modern finishes, this could be a good fit.
5. Is the William Whyte neighbourhood improving?
That’s subjective and depends on your definition of improvement. It’s a mature area with a mix of older homes and some recent renovations. Property values have not kept pace with the city average, which can mean more affordable entry points but also slower appreciation. Buyers should look at recent sales in the immediate area and talk to a local realtor for current trends.