912 William Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,296 sqft home on William Avenue sits on a 3,850 sqft lot and was built in 1905. It has an assessed value of $232,000. The property performs best at the street and neighbourhood levels, particularly in terms of value. On William Avenue, it ranks in the top 30% for assessed value and the top 23% for living area—both above the street averages. In the West Alexander neighbourhood, value remains strong (top 24%), while living area is around average. Citywide, the picture shifts: the home falls in the bottom 13% for value and bottom 2% for age, reflecting that many Winnipeg properties are newer and more expensive overall.

The appeal here is context-specific. Buyers get above-average space and value for the immediate street, with a lot size that is slightly above neighbourhood norms. The 1905 build date places it among older homes citywide, but not unusually old within West Alexander, where the average year built is 1921. This suggests the property fits a block with similar vintage housing.

This home would suit a buyer who values established central neighbourhoods and wants more interior space than typical for the street, without paying a premium for a newer build. It is less suitable for someone seeking a turnkey modern home or a large suburban lot. First-time buyers or investors looking for a solid, older home in a walkable area—where value relative to neighbours is favourable—may find this property worth a closer look.

Five Frequently Asked Questions

1. How does the assessed value compare to what I might actually pay?
The assessed value of $232,000 is higher than the street average ($204,200) and neighbourhood average ($187,300), but well below the citywide average for comparable homes ($390,100). Assessment is not the same as market price, but it suggests the property is valued above its immediate neighbours while being relatively affordable compared to the broader Winnipeg market.

2. Is a 1905 home likely to have major issues?
Homes of this era often have solid bones—dense lumber, good layout—but may need updates to electrical, plumbing, insulation, and foundation. The ranking shows it is newer than many homes on its street (average 1939) but older than the citywide average (1966). A thorough inspection is essential, focusing on the roof, basement, and mechanicals.

3. Why is the lot considered "below average" citywide but not on the street?
The lot is 3,850 sqft, which is slightly above the street average (3,800 sqft) and neighbourhood average (3,591 sqft). Citywide, however, the average comparable lot is 6,570 sqft—much larger because it includes suburban properties. This home’s lot is typical for an older, urban infill area.

4. What does "top 23%" for living area on the street actually mean in practice?
It means this home is larger than 77% of comparable homes on William Avenue. With 1,296 sqft, it offers more interior space than most homes on the same block. For someone who wants extra room without moving to a pricier street, this is a practical advantage.

5. How reliable are the rankings and averages shown here?
The rankings compare this property to a “comparable” group within each scope—similar home types in the same street, neighbourhood, or city. The averages are rough medians, not exact means. The data gives a useful snapshot of where this home stands relative to peers, but it should not replace an in-person evaluation or local market expertise.