Here is a summary of the property at 742 Alfred Avenue, presented in a clean, direct format.
Property Overview & Buyer Profile
Key Characteristics:
This is a 1914-built home with 888 square feet of living space on a 3,004-square-foot lot. The assessed value is $136,000. Compared to other properties, the home is smaller than average, but its assessed value is competitive for its immediate street and neighbourhood.
Where the Appeal Lies:
The property’s main advantage is its value relative to the local market. While the home is smaller and older than citywide averages, its assessed value is on par with neighbours on Alfred Avenue and within the William Whyte area. This suggests a potentially lower entry price point for a detached home. The land size is also predictable for the street, meaning you’re not paying a premium for an oversized lot you don't need.
Who It Suits:
This property is best suited for a buyer focused on affordability within the William Whyte neighbourhood. It would appeal to first-time buyers looking for a smaller, older home that is priced in line with the immediate area, rather than someone seeking a large family home or a modern "turnkey" property. It may also suit an investor looking for a lower-cost entry into the neighbourhood, where the assessment suggests the home is not overvalued compared to its peers.
Five Frequently Asked Questions
1. How does the living space compare to other homes nearby?
The home is 888 sqft, which is smaller than the average on Alfred Avenue (1,084 sqft) and in the wider William Whyte area (1,158 sqft). It ranks in the bottom 28% on its street and bottom 26% in the neighbourhood. This is a compact home, so expect less square footage than many neighbouring properties.
2. Is the assessed value high or low for this area?
It is right around average. The $136,000 assessment is very close to the neighbourhood average of $149,100 and sits near the middle of the pack on Alfred Avenue. This suggests the home is priced consistently with its immediate surroundings, not above or below.
3. Is the property historically old compared to others?
Yes, but not unusually so for the area. Built in 1914, it is modestly older than the average home on its street (1929) and in the neighbourhood (1927). On a citywide scale, it ranks among the older properties, but within William Whyte, a home from this era is fairly typical.
4. What is the lot size like, and is it a typical size?
The lot is 3,004 sqft, which is close to the street and neighbourhood averages. You are not getting an unusually small or large piece of land. It will be a standard urban lot for the area, suitable for a regular yard or garden without excess maintenance.
5. How does this property rank at a citywide level?
Citywide, this home ranks below average in almost every category. It is in the bottom 15% for living area, bottom 12% for land size, and bottom 11% for year built. Its assessed value ranks in the bottom 2% across the city. This reflects that the property is in an older, more affordable pocket of Winnipeg, not a high-demand or high-value area.