669 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1912-built home on Alfred Avenue in Winnipeg’s William Whyte neighbourhood offers 1,719 square feet of living space on a 3,003 sqft lot, with an assessed value of $127,000. Its standout feature is the living area: it ranks in the top 5% on its street, top 9% in the neighbourhood, and top 20% citywide. In a market where older homes in this area typically run smaller (neighbourhood average is 1,158 sqft), this property provides noticeably more interior space without the premium you’d expect for that size—the assessed value sits around average for the street and neighbourhood, and well below citywide norms.
Where the property doesn’t stand out as strongly is in land area and age. The lot is average for the street and neighbourhood, and below average citywide (the typical Winnipeg lot is more than double the size). The 1912 build date places it among the older homes in the city, though that’s not unusual for this neighbourhood, where the average home was built in 1927.
The appeal is straightforward: you’re getting a large interior footprint in an older character area, at a price point that hasn’t been inflated by square footage premiums. It suits buyers who prioritize indoor living space over a big yard, and who are comfortable with the realities of an early-1900s home—maintenance, potential updates, and possibly lower energy efficiency. It would also appeal to someone looking for a renovation or sweat-equity project in a neighbourhood that’s still relatively affordable compared to citywide averages. It’s less suited for buyers who want a large lot, a newer build, or a property with high resale value relative to the surrounding market.
Frequently Asked Questions
1. Why is the assessed value so low compared to the city average when the house is larger than average?
The citywide average assessed value ($390k) is pulled up by newer, larger homes in higher-demand areas. This property is in William Whyte, an older neighbourhood where values are generally lower. The assessed value here tracks closely with what similar homes on the street and in the area are worth—it’s not undervalued, it’s reflecting the local market.
2. Is a 1912 home likely to need major work?
Almost certainly. Homes of this era often have original foundations (sometimes stone or rubble), outdated electrical and plumbing, and less insulation. The ranking data doesn’t speak to condition—only size and value. You’d want a thorough inspection and budget for possible structural, mechanical, or roof work.
3. How does the lot size compare to other homes in the area?
It’s slightly below average for the street (3,003 sqft vs. 3,225 sqft) and neighbourhood (vs. 3,277 sqft). Citywide, it’s notably smaller—the average Winnipeg lot is 6,570 sqft. This isn’t unusual for older inner-city homes, which often have compact lots.
4. What’s the resale potential like in this neighbourhood?
The neighbourhood ranks in the top 9% for living area but only around average for assessed value. That gap could mean upside (if the area appreciates) or risk (if demand stays flat). Resale will depend more on street-level trends and any improvements you make than on local averages.
5. How do I see how this property compares to nearby homes on a map?
There’s a neighbourhood analysis page available (linked on the original listing) that lets you view this property alongside nearby houses, comparing year built, living area, assessed value, and lot size in detail. That’s the best way to gauge how it fits within its immediate surroundings.