831 William Avenue

831 William Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1905-built home with 864 sqft of living space on a 3,313 sqft lot, assessed at $108,000. Its standout feature is affordability: the assessed value ranks in the bottom 1% citywide, meaning it's one of the least expensive properties in Winnipeg. The living area and land area are both below average for the city, but land size sits close to the neighbourhood median on William Avenue itself.

The appeal lies in entry-level pricing within an older, established area. West Alexander is a mixed neighbourhood with a range of building ages and conditions—this property fits in with the local character rather than standing out. The year built (1905) is older than the street average, so buyers should expect period construction quirks and potentially higher maintenance.

This property suits first-time buyers with limited budgets who are willing to take on an older home, or investors looking for a low-cost entry into the Winnipeg market. It's less suited to anyone seeking move-in-ready condition, modern layouts, or significant land for expansion. The below-average living area means it'll feel compact, and the low assessed value suggests limited recent upgrades.

Frequently Asked Questions

1. Why is the assessed value so low compared to the street and neighbourhood averages?
   The $108,000 assessment ranks in the bottom 5% on William Avenue and bottom 11% in West Alexander. This likely reflects the home's age, smaller living area, and possibly deferred maintenance or outdated systems. It may also indicate the property hasn't been renovated in recent years.

2. What does the "Top 67%" ranking for living area actually mean?
   It means the home is smaller than about two-thirds of homes on the same street. The average living area on William Avenue is 1,090 sqft, so this property is roughly 200 sqft smaller than typical. Compared to the rest of Winnipeg, it's significantly smaller (city average is 1,342 sqft).

3. Is a 1905 home likely to have any particular issues?
   Homes from that era often have original knob-and-tube wiring, cast iron plumbing, lead paint, and foundations that may need attention. Insulation and energy efficiency will likely be poor. Buyers should budget for a thorough home inspection and anticipate that some systems may need updating soon.

4. How does the lot size compare to other properties in the area?
   The 3,313 sqft lot is slightly below the street average (3,800 sqft) but close to the neighbourhood median. It ranks in the top half on William Avenue and top 42% in West Alexander, meaning it's not unusually small for the area. However, it's significantly smaller than the citywide average of 6,570 sqft.

5. What does "Around Average" mean in the context of this property's rankings?
   These rankings compare the property to other homes within the same geographic scope. "Around Average" (used for living area on the street and land area in both the street and neighbourhood) means the property falls near the middle of the pack for that specific metric. It's not remarkable, but not an outlier either.