768 Alfred Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,256-square-foot home built in 1930, sitting on a 3,004-square-foot lot in the William Whyte neighbourhood. What stands out most is the value gap: the property is assessed at $211,000, which ranks in the top 13% for the neighbourhood and top 20% for the street—well above local averages of $149,100 and $164,100 respectively. Yet citywide, it sits in the bottom 10% for assessed value, reflecting how much more affordable this area is compared to Winnipeg as a whole.
The living space is slightly larger than typical for the street and neighbourhood, but the land is average for the area and small by city standards. Built in 1930, the home is older than most citywide (where the average is 1966), but it’s consistent with the age of nearby homes. The appeal here is clear: you’re getting above-average space and value relative to the immediate neighbourhood, in a part of the city where prices are well below the citywide median. The trade-off is an older home on a modest lot, in an area that may not have the same resale demand or appreciation as higher-ranked parts of town.
This property would suit buyers who are comfortable with an older home and want more square footage and assessed value for their money than what’s typical nearby. It’s less suited for someone looking for a large yard or a newer build, or for those who prioritize citywide rankings over neighbourhood-level value.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $211,000 is about 29% above the neighbourhood average of $149,100 and 28% above the street average of $164,100. However, it’s well below the citywide average of $390,100, so the home offers strong local value relative to the wider market.
2. Is the living space larger than typical for the area?
Yes. At 1,256 square feet, it’s above the street average of 1,084 sqft and the neighbourhood average of 1,158 sqft. That puts it in the top 23% for the street and top 32% for the neighbourhood.
3. What should I know about the year built?
The home was built in 1930, which is in line with most homes on Alfred Avenue and in William Whyte. Citywide, the average year built is 1966, so this is an older property by Winnipeg standards. Buyers should budget for potential updates to systems, insulation, or windows that are common in pre-war homes.
4. Is the lot size small compared to other properties?
The lot is 3,004 square feet, which is slightly below the street average (3,225 sqft) and neighbourhood average (3,277 sqft). Citywide, the average lot is nearly 6,600 sqft, so this is a small lot by city standards—something to consider if outdoor space is a priority.
5. Why is the citywide ranking so low if the home is above average locally?
The rankings reflect how this property compares to all similar homes across Winnipeg. Because William Whyte has lower assessed values and older homes than many other parts of the city, a property that ranks well locally can still rank low citywide. This doesn’t mean the home is poor quality—it just means the neighbourhood itself is more affordable and older than much of Winnipeg. Buyers who prioritize citywide stats may prefer other areas, while those focused on local value will find this home competitive.