708 Alfred Avenue – Property Summary
Key Characteristics & Suitability
This is a 1,260-square-foot home built in 1910, sitting on a 3,004-square-foot lot in the William Whyte neighbourhood. Its main appeal is value. The assessed value sits at $124,000—well below the citywide average of $390,100 and also below the street average of $164,100. Meanwhile, the living area is above average for the street (top 23%) and roughly average for the neighbourhood and city. So you’re getting more interior space than most nearby homes for a comparatively low assessment. The land is on the smaller side—below average citywide but typical for the area. The year built (1910) is older than average for Winnipeg, which is common in this part of the city.
This property would suit a buyer who is comfortable with an older home and wants to maximize square footage per dollar. It’s less suited to someone looking for a turnkey modern finish or a large lot. Because the assessed value is low relative to the neighbourhood average, it may also appeal to investors or first-time buyers watching cash flow and property taxes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The citywide average pulls in newer, higher-value homes from wealthier areas. In William Whyte and on this street, home values are generally more modest. The property’s assessment reflects the local market, not a citywide benchmark.
2. Does “older than average” mean higher maintenance?
Not necessarily, but it’s worth a thorough inspection. A 1910 home may have original plumbing, wiring, or foundation work that’s been updated—or not. The age puts it in a bracket where renovations are common, so check what’s been done.
3. How does the living area compare to other homes nearby?
It’s above average for the street (top 23%) and roughly average for the neighbourhood and city. That means it’s a good size for the area—more spacious than many immediate neighbours, but not unusually large.
4. Is a 3,004 sqft lot small?
It’s slightly below the street and neighbourhood averages (around 3,200–3,300 sqft), and significantly smaller than the city average (6,570 sqft). That’s typical for an older urban lot in a dense area. It’s not restrictive, but don’t expect a deep backyard.
5. Who typically buys in William Whyte?
First-time homebuyers, investors looking for rental potential, and people who want to be close to downtown without paying downtown prices. The area has a mix of older character homes and some newer infill. It’s not a high-demand hot spot, so you’re trading some resale speed for affordability.