Here is a clean, standalone summary of the property at 516 William Avenue.

Key Characteristics & Buyer Profile

516 William Avenue is a 1909-built home offering 2,336 square feet of living space on a 3,448 square foot lot. Its primary appeal is interior space, which ranks in the top 2% on its street and in the neighborhood, and top 4% city-wide. At an assessed value of $314,000, it sits notably above the local averages (approximately 50% higher than the street and neighborhood medians of ~$204K and ~$187K), making it a significant asset in its immediate area while remaining around the citywide median.

The property suits a buyer who values generous indoor square footage over a large yard, as the land area is below citywide norms (ranking in the bottom 20%). The home's age (1909) is a defining factor—it is older than most properties city-wide, which may appeal to buyers interested in established construction and historic character, but could also mean higher maintenance or renovation needs. This home is best matched for someone looking for a spacious, well-built older home in a central neighborhood, who sees the lot size as secondary to room count and layout. It is less suited for someone seeking move-in ready modern finishes or a large outdoor footprint.

Five Possible FAQs

1. How does the assessed value compare to the actual market price?
The provided $314,000 figure is an assessment, not a price tag. It indicates the property is valued well above its street and neighborhood medians, but is average by citywide standards. Your realtor can advise on whether recent local sales suggest the home will list above, at, or below this assessment.

2. What is the condition of a 1909-built home?
The age means the home likely has plaster walls, older wiring, and possibly original woodwork or windows. A home inspection is essential—pay special attention to the foundation, roof age, and whether the electrical and plumbing systems have been updated. Many homes from this era have solid bones but require ongoing upkeep.

3. Why is the land area considered "below average" but the living area is so large?
This property likely maximizes its footprint. With 2,336 square feet of living space on a 3,448 square foot lot, the home itself takes up a substantial portion of the land. This is common for older, deeper or multi-story homes on narrower city lots—you get more indoor room and less backyard.

4. How does this property compare to others in the West Alexander neighborhood?
It performs exceptionally well compared to neighborhood averages: living area is almost double the local median (1,299 sqft), and assessed value is about 68% higher than the neighborhood median ($187K). It ranks in the top 3% for value and top 2% for size in West Alexander.

5. Should I be concerned that the year built ranks in the lowest 5% city-wide?
Only if you require a newer home with modern construction standards. Being in the oldest 5% of homes in Winnipeg adds character but often means higher heating costs and potential for outdated systems. However, many buyers actively seek pre-war homes for their craftsmanship and location in established neighborhoods. Just budget for possible updates.