610 William Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,632 sqft home on William Avenue offers above-average living space relative to its street, neighbourhood, and the city at large. It ranks in the top 13% on the street and top 24% citywide for living area, making it a spacious option in a market where many comparable homes are smaller. The assessed value of $239,000 is above the street and neighbourhood averages but well below the citywide average of $390,100, which suggests the property sits in a more affordable pocket of Winnipeg while still offering good interior square footage.
The home was built in 1905, placing it among the older stock on the street and in the city. Its land area is notably small—2,509 sqft—ranking in the bottom 3% on William Avenue and bottom 5% citywide. This is a trade-off worth considering: you get a generous interior footprint, but the lot is tight compared to typical single-family homes in Winnipeg. For buyers who value indoor space over a large yard, or who are comfortable with a compact outdoor area, this trade-off may work well. The property would likely appeal to someone looking for a solid, older home with character in a central neighbourhood, or an investor attracted by the below-city-average assessed value relative to the living area. It is less suited to buyers seeking a large private lot or a newer, low-maintenance build.
Frequently Asked Questions
1. How does the living area compare to other homes nearby, and is that considered a selling point?
The home’s 1,632 sqft is about 540 sqft larger than the average on William Avenue and roughly 300 sqft above the citywide average for comparable homes. It ranks in the top 13% on the street and top 24% citywide, so it is genuinely spacious for its price tier. That said, “comparable homes” refers to similar property types, not all homes in Winnipeg, so the advantage is relative to homes in a similar bracket.
2. The assessed value seems low compared to the city average. Does that mean the property is undervalued?
Not necessarily. The $239,000 assessment is above the street and neighbourhood averages, but well below the $390,100 citywide average. This likely reflects the older age of the home, its small lot, and the specific area’s market conditions rather than a hidden bargain. A low citywide rank (top 85%) means most properties in Winnipeg carry a higher assessment. Buyers should view this as a sign of affordability relative to the broader market, not as a guarantee of future appreciation.
3. What should I expect from a home built in 1905?
The year built ranks in the bottom 2% citywide, meaning this is an older home by any standard. Older construction often means solid materials like old-growth lumber, but also potential issues with insulation, electrical, plumbing, and foundation work. Buyers should budget for maintenance and possible upgrades, especially around energy efficiency and modern systems. A thorough inspection is strongly recommended.
4. Why is the land area so small, and how might that affect my experience?
At 2,509 sqft, the lot is smaller than 97% of properties on the same street and 95% citywide. This is a significant constraint if you want a large garden, space for a garage, or room for expansion. On the upside, smaller lots often mean less yard maintenance and a lower purchase price relative to interior square footage. For homeowners focused on indoor living or a walkable neighbourhood, this can be a practical advantage.
5. How does this property rank in terms of overall value compared to others in West Alexander?
In the neighbourhood (West Alexander), the home ranks in the top 23% for living area and top 20% for assessed value. That indicates it is both larger and slightly more valuable than most nearby homes. However, its land area ranks in the bottom 17% of the neighbourhood, so the value is concentrated in the house itself rather than the lot. If you prioritize square footage over outdoor space, this property offers strong relative value within the area.