Property Overview: 545 William Avenue
Key Characteristics & Buyer Appeal
This two-storey home at 545 William Avenue in Winnipeg's Centennial neighbourhood presents a compelling mix of modern convenience and value. Built in 2010, its construction date is a standout feature, ranking within the top 5% of homes in Centennial for newness. This offers significant appeal for buyers seeking a property with fewer concerns about aging infrastructure, major repairs, or outdated building standards.
The home features 1,302 sqft of living space, which is above average for its immediate street, and sits on a 3,281 sqft lot. A key updated feature is its renovated basement, adding functional living space. Notably, the home lacks a private garage. Its assessed value positions it as an above-average property within Centennial, yet it remains well below the citywide average for home values, indicating a more accessible price point for the area.
This property would suit first-time buyers or practical downsizers who prioritize a newer build with move-in-ready condition over extensive square footage or luxury finishes. Its appeal lies in offering a relatively modern, low-maintenance home in an established neighbourhood without the premium price tag of newer suburban developments. A thoughtful perspective for buyers is to consider the trade-off: you gain a newer structure with likely better energy efficiency, but you forgo the classic character and larger lot sizes more common with the neighbourhood's older homes.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should inquire about the quality of the renovation, whether it includes a proper bathroom or kitchenette, and if it has legal secondary suite potential or is designed solely as additional living space.
2. How does the lack of a garage affect daily life and resale?
The property has no private garage. Buyers should plan for street parking and consider the impact of Winnipeg winters. While some homes in the area may have garages, the newer build and renovated interior may offset this for many buyers, but it is a factor to weigh against personal needs and future marketability.
3. The assessed value seems low compared to the 2021 sale price of $260k. Why?
Municipal assessed value for tax purposes is not the same as market value and often lags behind current market trends. The 2021 sale price is a stronger indicator of its market value. The assessment suggests the property is taxed as an above-average home for Centennial, but still represents strong value citywide.
4. Is the living space sufficient for a growing family?
At 1,302 sqft, the living area is practical but not expansive. It is above average for William Avenue itself, suggesting it's a larger home on that block, but average for the broader Centennial area. Families should consider if the layout and room sizes, combined with the renovated basement space, meet their long-term needs.
5. What is the neighbourhood character like given the mix of old and new homes?
Centennial features primarily older homes, with this 2010 build being a notable exception. This can be an advantage, offering modern amenities within a mature streetscape. Buyers should visit to see if the architectural style fits their taste and to experience the vibe of a street with a diverse range of property ages and conditions.