536 William Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,579-square-foot home built in 1891, located on William Avenue in Winnipeg’s West Alexander neighbourhood. The property’s standout feature is its living area: it ranks in the top 14% on its street and top 27% citywide, meaning it offers noticeably more interior space than most comparable homes in the area. The land is 3,169 square feet, which sits close to the average for the street and neighbourhood but is well below the citywide average—typical for an older, more central Winnipeg lot.
The assessed value is $113,000, which is significantly lower than the street average of $204,200 and the citywide average of $390,100. This low assessment is partly explained by the home’s age (it’s one of the oldest on the street and in the city), as older homes often carry lower assessed values even when they have generous floor plans. The combination of ample interior space and a low assessed value creates a potential value proposition: you’re getting more square footage than many nearby homes, at a much lower assessed price point.
This property would suit buyers who are comfortable with an older home and see potential in updating or renovating. It’s less ideal for someone seeking a move-in-ready modern finish or a large lot. An investor or first-time buyer looking to build equity through improvements might find the low entry cost and above-average living space appealing. The trade-off is that the home’s age may come with maintenance considerations that a newer property wouldn’t have.
Frequently Asked Questions
1. Why is the assessed value so low compared to other homes on the street?
The low assessed value ($113,000) reflects the property’s age (1891) and likely its current condition relative to newer or updated homes on the block. Older homes often depreciate in assessed value unless significant renovations have been completed. This doesn’t necessarily mean the home is in poor shape—just that its tax assessment hasn’t kept pace with more recently built or upgraded properties.
2. How does the living space compare to other homes in West Alexander?
This home’s 1,579 square feet is well above the neighbourhood average of 1,299 square feet. It ranks in the top 27% in the area, so while there are larger homes nearby, this property offers more interior space than most. For a central neighbourhood, that’s uncommon.
3. Is the small lot a disadvantage?
The lot is 3,169 square feet, which is slightly smaller than the street and neighbourhood averages. It’s typical for an older, inner-city property—land was often more compact in historic developments. If you’re looking for a large yard or space for additions, this lot will feel tight. But if you want a manageable outdoor area with less upkeep, it works.
4. What does “top 14% for living area” actually mean in practical terms?
It means that out of 365 comparable homes on William Avenue, this property has more interior space than roughly 86% of them. In real terms, you’re likely to have larger rooms, more storage, or an extra bedroom or living area compared to neighbours. It’s a useful metric for understanding the home’s relative size, not just its raw square footage.
5. What should I look out for with a home built in 1891?
Homes from this era often have thick plaster walls, solid wood framing, and unique architectural details, but they may also have aging electrical, plumbing, or foundation systems. It’s wise to check for updates to wiring and insulation, as well as the condition of the roof and basement. A thorough home inspection would be essential. The upside: older homes in this part of Winnipeg can have good bones and character that are hard to replicate in newer builds.