851 William Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,098-square-foot home built in 1956 on a 3,310-square-foot lot at 851 William Avenue in Winnipeg’s West Alexander neighbourhood. Its main strength is its age: built over a decade newer than the average home on its street (1939) and nearly 35 years newer than the neighbourhood average (1921). That means its structure, systems, and layout likely reflect mid-century construction standards rather than pre-war ones, which often translates to fewer immediate replacement needs.

The assessed value sits at $201,000—slightly below the street average but above the neighbourhood norm. Citywide, this property is priced well below the Winnipeg median, making it a relatively accessible entry point into the market. The living area is modest at 890 square feet, ranking in the lower third citywide and below the neighbourhood average of 1,299 square feet. The land area (3,310 square feet) is also below average, particularly compared to the citywide median lot size of 6,570 square feet.

Where this property appeals is to buyers looking for a solidly built, mid-century home in a central, established neighbourhood without paying a premium for a larger lot or renovated interior. It suits someone who values a newer build (relative to the area) over extra square footage or a big yard. First-time buyers, downsizers, or investors seeking a lower-maintenance property with reasonable assessed value for the street would find it relevant. It is less suited to families wanting generous indoor or outdoor space, or buyers looking for a home that stands out in terms of living area or lot size against citywide averages.

Five Possible FAQs

1. How does the living area compare to other homes nearby?
At 890 square feet, it’s below the street average of 1,090 square feet and well below the neighbourhood average of 1,299 square feet. It ranks in the bottom quarter of living area citywide.

2. Is the assessed value considered high or low for this street?
The assessed value of $201,000 is slightly below the street average of $204,200, but above the neighbourhood average of $187,300. It ranks in the top 45% on the street and top 39% in the area, meaning it’s competitively priced relative to nearby homes.

3. What does the “year built” ranking tell me?
The home was built in 1956, which is newer than 77% of houses in the neighbourhood and 89% of homes on the street. That suggests you’re getting a mid-century build in an area with many pre-war homes, which may mean better insulation, updated electrical, and less foundation or knob-and-tube wiring risk.

4. Is the lot size typical for the area?
The lot is 3,310 square feet, which is below the street average of 3,800 square feet and the neighbourhood average of 3,591 square feet. Citywide, it’s in the bottom 17% for lot size, so outdoor space is compact.

5. Who would this property not be a good fit for?
Buyers looking for a large living area, generous yard space, or a home that stands out against average citywide metrics may find it tight. It’s also not ideal for someone who wants a pre-war character home or a property with a very high assessed value for resale leverage. It works best for those prioritizing moderate size and solid construction over square footage.