1530 William Avenue W – Property Summary
Key Characteristics & Buyer Profile
This 1,050 sqft home, built in 1946, sits on a 4,502 sqft lot. Its standout feature is the land. Relative to other homes in the Weston neighbourhood, the lot is well above average—ranking in the top 13% locally. The house itself is slightly above average in living space for the area, though citywide it's on the smaller side. The assessed value of $188,000 is notably below the Winnipeg average, which reflects both the home's age and its location on a street where values are moderate.
The appeal here is practical rather than flashy. You get a solid plot of land in a neighbourhood where lot sizes tend to be smaller, giving you more outdoor space than most nearby homes. The house is older, but that also means it's part of a well-established street with mature trees and character. It’s not a turnkey modern flip—it’s a property that could suit a buyer who values space and is willing to do some updating, or someone looking for a home in a central Winnipeg neighbourhood without paying a premium. It would likely suit first-time buyers with some renovation appetite, or investors looking for a property with decent land value in an area where prices are still approachable.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The citywide average assessed value for comparable homes is $390,100, but this property is assessed at $188,000. That’s well below the city average. On the street itself, it’s around the middle—ranked in the top 54%. The neighbourhood average is $184,700, so this home is slightly above that. The low citywide ranking (top 93%) mainly reflects that it's in a more affordable part of Winnipeg, not that the home is in poor condition.
2. Is the living space adequate for a family?
At 1,050 sqft, it's typical for homes on William Avenue W and slightly above the Weston neighbourhood average of 936 sqft. Citywide, it's on the smaller side (top 67%). It would work well for a couple, a small family, or someone who prefers a compact layout with a good-sized yard. It's not spacious, but it's not unusually cramped for the area.
3. What’s the significance of the 1946 build year?
Homes from the 1940s in this neighbourhood are common—many houses nearby were built in the late 1930s. The property is newer than the street and area averages (1939 and 1937 respectively), though citywide it's older than most (average 1966). Older construction often means solid materials and established landscaping, but also potential for older systems (plumbing, electrical) that may need updating.
4. How does the lot size compare to other properties?
This is the most notable feature. The land area of 4,502 sqft ranks in the top 13% in Weston, where the average lot is 3,269 sqft. On the street, it's also well above average (top 28%). Citywide, Winnipeg lots vary widely, so it's around average overall, but in this specific neighbourhood, you're getting significantly more yard space than most neighbours.
5. Is the home overpriced or undervalued relative to its stats?
The assessed value is in line with street and neighbourhood averages, but given the above-average lot size and living area compared to nearby homes, some buyers might see it as offering good value for the space. The low citywide ranking suggests it's not in a high-demand area, but the land component gives it an edge. It’s likely priced fairly for the location, with the land being the main draw.