Property Summary: 977 William Avenue
Key Characteristics & Appeal
This 1907-built home offers 908 sq ft of living space on a 3,299 sq ft lot. It sits below average in size compared to other homes in its West Alexander neighbourhood and across Winnipeg, but it is close to the average for its own street. The assessed value is notably low at $128,000, ranking in the bottom 12% on William Avenue and the bottom 2% citywide. The building is older than most homes in Winnipeg (built 59 years before the city average), though it aligns closely with the age of other homes in West Alexander.
The appeal here is straightforward: this is not a property that competes on size, luxury, or modern construction. Instead, its main draws are likely affordability and potential. The low tax assessment suggests a lower entry price point relative to many other properties in the city, which could appeal to buyers looking for a project or a first home in a central neighbourhood. The lot size, while modest by city standards, is reasonable for this part of the city and offers outdoor space without being oversized. It suits buyers who are comfortable with an older home, may be looking to renovate or update over time, and are prioritising location and cost over square footage or a move-in-ready finish.
Five Possible FAQs
1. How does the property’s size compare to others nearby?
The 908 sq ft interior is slightly below the average for William Avenue (1,090 sq ft) and more noticeably below the West Alexander average (1,299 sq ft). The 3,299 sq ft lot is close to typical for both the street and neighbourhood, but smaller than the Winnipeg average of 6,570 sq ft.
2. Why is the assessed value so low compared to other homes?
The assessed value of $128,000 is significantly lower than the William Avenue average ($204,000) and the citywide average ($390,000). This reflects factors like the home’s age, smaller size, and possibly its condition or lack of recent major upgrades, not necessarily its location or land value alone.
3. Is the house very old, and does that matter?
Built in 1907, it is older than most homes in Winnipeg (average 1966) and on its street (average 1939), but it is in line with the age of many homes in West Alexander (average 1921). Age can mean character and solid construction, but it also often brings maintenance needs, outdated systems, and less efficient insulation.
4. Is this property a good fit for an investor or a first-time buyer?
It could suit either, depending on expectations. The low assessment and likely lower purchase price may appeal to first-time buyers wanting to enter the market. For investors, the smaller size and older build may limit rental income potential unless renovations are done. Both should budget for ongoing upkeep and possible updates.
5. What does “below average” in the city rankings really mean here?
The property ranks in the bottom 17% citywide for living space and bottom 2% for assessed value. This doesn’t mean it’s a poor property, but it indicates that compared to the full range of Winnipeg homes, it is smaller, older, and valued much lower. In its immediate street and neighbourhood, these differences are less extreme.