Property Summary: 1901 William Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1910 on a standard city lot in Brooklands. Its key characteristic is its modest scale, with a living area of 674 sqft, which is notably smaller than most homes in the area and city. The lot size is also below the local average. The home’s assessed value is significantly lower than typical benchmarks, reflecting its size and age.

The primary appeal lies in its potential as an affordable entry point into the Winnipeg market, particularly for a land-owning property. It suits buyers with a specific vision: a hands-on renovator looking for a manageable project, an investor seeking a low-cost rental property, or a minimalist buyer who values low property taxes and utility costs over space. A less obvious perspective is its potential for strategic redevelopment; the lot, while not large, could be a blank canvas for a new build in an established neighborhood, offering a path to equity that isn't immediately apparent from the existing structure.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the last sale price?
The last recorded sale was in 2017 for $100,000. The current assessed value of $12,600 is for municipal tax purposes and is not an indicator of market value. It reflects the value of the land and the very modest improvement (the existing structure) according to the city's assessment model.

2. What should I budget for renovations?
Given the home's age (1910) and smaller size, a thorough inspection is essential. Budgets can vary widely, but buyers should be prepared for potential updates to foundational systems like wiring, plumbing, and insulation, which are common in century-old homes, even if the scope of work seems manageable due to the square footage.

3. Is there potential to expand the living space?
The existing footprint is small, and the lot size is 2,607 sqft. While an addition may be possible subject to zoning bylaws and setbacks, the lot does not offer an unusually large amount of extra space for expansion compared to other local properties, so creative design would be key.

4. What is the neighborhood like?
The home is in Brooklands, a long-established Winnipeg neighborhood. The property data shows that homes here are generally older and on smaller lots compared to the wider city average, suggesting a mature, compact community character.

5. How do the "rankings" work in the property details?
These rankings compare this specific property against others on its street, in Brooklands, and citywide for metrics like lot size and living area. For example, a "Top 88%" rank for living area on its street means 88% of comparable homes on William Avenue W are larger. It's a relative gauge of how this property's physical attributes compare to its peers.