931 William Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,423-square-foot home on William Avenue in Winnipeg’s West Alexander neighbourhood was built in 1907 and sits on a 3,299-square-foot lot. Its assessed value is $148,000.
What stands out here is the living space: it’s larger than most homes on the same street (top 18%) and sits slightly above the neighbourhood and city averages. For a home of this era, that extra square footage is meaningful—older homes in this category often feel cramped by modern standards, but this one offers room to breathe.
The assessed value is low, both on the street (top 77%) and citywide (top 97%). That’s partly a reflection of age and land size—the land is below average for the city—but it also means the property may be priced below what its interior square footage would suggest elsewhere. The year built (1907) puts it among the older homes in the city, though it’s actually younger than the neighbourhood average of 1921.
Who this would suit: Buyers who value interior space over a large lot, and who are comfortable with an older home that may need updates or maintenance. It’s a practical fit for someone looking for more room per dollar in a central neighbourhood, rather than a move-in-ready modern finish. It could also appeal to investors or renovators who see potential in the low assessed value, or to first-time buyers who are handy and want to build equity. The smaller lot (3,299 sqft) means less yard work, but also less outdoor space—worth noting if you garden or have kids.
Frequently Asked Questions
1. How does the living area compare to similar homes nearby?
The home’s 1,423 sqft is above the street average of 1,090 sqft and slightly above the neighbourhood average of 1,299 sqft. It’s in the top 18% on William Avenue, so it offers noticeably more interior space than most homes in the immediate area.
2. Why is the assessed value so low compared to the city average?
The citywide average assessed value for comparable homes is $390,100, while this property is $148,000. The main factors are its age (1907) and its relatively small lot (3,299 sqft vs. the city average of 6,570 sqft). Older homes often have lower valuations unless extensively renovated, and the smaller land base limits overall value.
3. Is the house very old compared to others in Winnipeg?
Yes. The citywide average year built is 1966, and this home was built in 1907—ranking in the bottom 4% citywide. However, within the West Alexander neighbourhood, the average is 1921, so it’s less of an outlier locally. Expect systems (plumbing, electrical, foundation) that reflect its age.
4. What’s the lot size like, and does it matter?
The lot is 3,299 sqft, which is below the city average (6,570 sqft) and slightly below the street average (3,800 sqft). It’s around the middle for the neighbourhood. If you want a big yard for gardening, pets, or expansion, this is a drawback. If you prefer lower maintenance and less outdoor upkeep, it’s a plus.
5. How were the rankings calculated?
The rankings compare this home to other “comparable homes” within each geographic scope (street, neighbourhood, city). For living area, larger is better; for year built, newer is better; for assessed value, higher is better. The percentage shown (e.g., top 18%) means the home outperforms that share of peers in that category. The “Avg” shown is a rough median for each group.