1601 William Avenue W

1601 William Avenue W – Property Summary

Key Characteristics & Buyer Profile

This is a 900 sqft home built in 1912, sitting on a 2,602 sqft lot in Winnipeg’s Weston neighbourhood. Its assessed value is $183,000.

What stands out here is the trade-off between size and value. The living area is slightly below the street and neighbourhood averages, and well below the citywide average. But the assessed value tells a different story: it’s close to the neighbourhood average and well below the citywide median. That suggests a property priced for its location and era, not for square footage. Buyers looking for a modestly sized home in a more established, older part of the city—rather than a newer or larger suburban property—would find that alignment appealing.

The lot is smaller than typical for the street and city, which may be relevant for anyone hoping to expand or build out later. The 1912 build date puts it among the older homes in the area, which can mean character features but also the need for upkeep.

This property would suit a first-time buyer or someone looking for an entry-level investment in a central Winnipeg neighbourhood, where the assessed value aligns more with the area than with citywide trends. It’s less suited to buyers seeking larger living spaces or newer construction.

Frequently Asked Questions

1. How does this home’s size compare to others nearby?
The living area is about 1,090 sqft on average on this street, so this home is slightly smaller. It ranks in the top 61% on the street, meaning about 39% of nearby homes are larger. The neighbourhood average is 936 sqft, so it's around average for the wider area.

2. Is the assessed value reasonable for the neighbourhood?
Yes. The street average is about $204,200 and the neighbourhood average is about $184,700. At $183,000, this home’s assessed value is close to the neighbourhood median and just below the street average. Citywide, comparable homes average $390,100, so this property is well below that.

3. What is the land area, and is it a concern?
The lot is 2,602 sqft—below the street average of 3,800 sqft and the citywide average of 6,570 sqft. It’s around the middle for the neighbourhood, though. If you plan to add an extension or a garage, the lot size may limit those options. For a smaller home on a standard city lot, it’s typical.

4. How old is this property, and should that worry me?
Built in 1912, it’s older than most homes on the street (average 1939) and in the city (average 1966). Older homes can have charm and solid construction, but they may also require updates to wiring, plumbing, or insulation. A home inspection would be wise to assess current condition.

5. Are there any other notable features or data points?
The home is part of a neighbourhood analysis that allows side-by-side comparisons of year built, living area, assessed value, and lot size with nearby properties. The rankings and bar charts show where it stands relative to peers. If these metrics matter to you, opening the neighbourhood map view would give more context.