Here is the summary of the property at 636 William Avenue, formatted for direct display.

Key Characteristics & Buyer Profile

This 1903 home (1,296 sq ft) sits on a compact 2,507 sq ft lot. Its standout feature is a remarkably low assessed value—ranking in the bottom 1% citywide—paired with a living area that is actually above average for its street. The property trades a small footprint for significant affordability, sitting well below neighborhood and city medians on both land size and valuation. The house itself is visibly older (ranking in the oldest 11% on the street), which is typical for the West Alexander area but notably older than the citywide average.

The appeal here is not curb appeal or yard space; it is financial potential. For a buyer who values a low entry price over square footage or a large lot, this property offers a way into a central Winnipeg neighborhood at a price point that few others nearby can match. It would suit a buyer who is comfortable with an older home and a smaller lot, and who is primarily focused on minimizing their mortgage—whether as a first-time buyer, an investor seeking a low-cost rental, or someone looking for a "starter home" to build equity in. The numbers suggest a property that has not been "flipped" or over-improved, which often means a more honest price, but also likely means work will be needed.

Five Possible FAQs

1. Is this the cheapest house in the neighborhood?
   More than that. It ranks in the top 94% cheapest on its street and top 99% cheapest citywide. The assessed value is roughly half the neighborhood average and less than a third of the city average. It is objectively one of the lowest-valued homes in Winnipeg.

2. Why is the assessed value so low compared to the neighborhood?
   The property combines an older construction year (1903) with an unusually small land area (2,507 sq ft vs. the street average of 3,800 sq ft). Assessed values in this area are heavily influenced by land size, and this lot is in the smallest 1% on the street. The living area is decent for the street, but the total package of age and land holds the value down.

3. Is the living space too small for a family?
   At 1,296 sq ft, it is about 5% larger than the average home on William Avenue. Visually, it would feel similar in size to many other older homes in West Alexander. It is not a cramped "starter" condo, but it is also not a sprawling family home—it sits right in the middle for the neighborhood.

4. Does the "below average" land ranking mean the yard is unusable?
   Not necessarily. A 2,507 sq ft lot is small (think a standard inner-city lot or slightly less), but it is still common for older, walkable urban areas. The ranking compares it to the entire city, where many newer suburban lots are 5,000+ sq ft. You will not have a large backyard, but for someone who values low maintenance, this is often a feature, not a drawback.

5. The house was built in 1903. Should I expect major problems?
   Not automatically, but you should budget for maintenance. It is older than 99% of homes in Winnipeg, which means it predates modern electrical, plumbing, and insulation standards. A thorough home inspection is essential, particularly for the foundation, the condition of the original systems, and potential environmental concerns. The low price likely reflects this age, so factoring in a renovation budget is more realistic than hoping it is move-in ready.