642 William Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,373 sqft home on William Avenue offers above-average living space for its street and sits close to the average for the West Alexander neighbourhood and Winnipeg as a whole. The property was built in 1904, making it older than most homes on the street, in the neighbourhood, and across the city. The land is notably compact at 2,507 sqft—well below average at every level of comparison. The assessed value for tax purposes is $151,000, which is low relative to the street and city averages, though more in line with the neighbourhood.

The appeal here is straightforward: you get usable indoor square footage that stands out locally, without paying a premium for a large lot or a newer build. That makes this a practical option for buyers who prioritise interior space over yard size or modern construction. It would suit someone comfortable with an older home—perhaps a first-time buyer, a small household, or an investor looking for a property with decent bones in a central neighbourhood. The trade-off is clear: older construction and a small lot, but more room inside for the money.

Five Possible FAQs

1. How does the property tax assessment compare to similar homes?
The assessed value of $151,000 is below the street average of $204,000 and well below the city average of $390,000. It’s roughly in line with the neighbourhood average of $187,000. This likely keeps property taxes relatively modest.

2. Is the small lot a problem?
It depends on your needs. At 2,507 sqft, the lot is smaller than 84% of properties in the neighbourhood and 95% city-wide. That means limited outdoor space and a tighter footprint. If you want a garden, room for extensions, or privacy between neighbours, this may feel constrained.

3. What should I know about a home built in 1904?
Older homes can have character, but they often come with maintenance considerations—aging plumbing, electrical, insulation, and foundation issues are not uncommon. A thorough inspection is wise. The age also means the home may not meet modern energy-efficiency standards without upgrades.

4. How does the living space compare to other homes in the area?
It’s a strong point. At 1,373 sqft, this home is larger than about 61% of properties on the street and sits near the average for the neighbourhood and city. If interior space matters more than lot size, this property stands out favourably.

5. Who is this home not a good fit for?
It’s less suitable for buyers who want a large yard, a newer home with minimal upkeep, or a property that matches typical suburban lot sizes. Families needing room to expand or those looking for a turnkey modern build may want to look elsewhere.