1-579 William Avenue

Property Overview: 1-579 William Avenue, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1907, presents a compelling mix of vintage character and practical space. Its primary appeal lies in its generous 1,751 sqft of living area, which is notably larger than most comparable homes on its street, in the Centennial neighbourhood, and across Winnipeg. This offers significant room for a growing household or those needing a home office or flexible spaces. The property sits on a 3,283 sqft lot, which is a manageable size for urban living while still providing outdoor space.

The home suits buyers who value established neighbourhoods and are looking for a property where the interior space is the standout feature, rather than the lot size. It’s a solid candidate for someone with a vision for gradual updates, as the basement is noted as unrenovated. The assessed value is strong for its immediate area, suggesting the property is well-regarded in its local context. A thoughtful perspective for a buyer is to see the older build date (1907) not just as a challenge, but as an opportunity to own a piece of local history with the sturdy construction of its era, while the above-average living space provides a blank canvas for modernization.

Frequently Asked Questions

1. How does the sale price compare to the assessed value?
The home sold for $220,000 in March 2023, which is substantially higher than its $24,600 assessed value. This is common, as assessed values for tax purposes often don't reflect current market prices, especially in appreciating neighbourhoods.

2. What does the "above average" living area ranking mean practically?
It means this home offers more interior square footage than roughly 80-90% of comparable homes in Winnipeg. For daily living, this translates to more room for bedrooms, living areas, and storage compared to many other options in its price range.

3. Is the older year (1907) a concern?
It indicates that major systems like wiring, plumbing, and the roof may need inspection or updating. However, many homes of this age in established neighbourhoods have been maintained or partially updated over the years. It's a key point for a thorough home inspection.

4. Who might this property not suit?
It may not be ideal for buyers seeking a move-in-ready, fully modernized home (due to the unrenovated basement) or for those prioritizing a very large yard or an attached garage, as it has neither.

5. How does the lot size compare?
At 3,283 sqft, the lot is around average for Centennial but below the Winnipeg city-wide average. This suggests a manageable yard for maintenance, but not an expansive private outdoor space. The focus here is more on the interior footprint.