871 William Avenue – Property Summary

Key Characteristics & Buyer Fit

This single-family home at 871 William Avenue in Winnipeg’s West Alexander neighbourhood offers 1,512 square feet of living area on a 3,313-square-foot lot, built in 1976. Its assessed value is $293,000.

The property stands out most clearly at the neighbourhood level. Within West Alexander, it ranks in the top 5% for assessed value (average $187,300) and top 7% for newer construction (average year built 1921). This means it’s one of the more modern, higher-valued homes in an area with older stock. The living area is also above average for the street and neighbourhood (top 15% and 29%, respectively), giving it more interior space than most nearby properties.

Where the property is less striking is on land area. The 3,313-square-foot lot is near average for its street and neighbourhood, and below average citywide. Citywide, the assessed value also falls below the Winnipeg average of $390,100—so while the home is a strong value in its immediate area, it doesn’t compete with pricier city-wide comps.

Appeal & Buyer Fit: This home suits someone who values interior space and a newer build in an older, established neighbourhood—likely a buyer who wants more square footage without a large yard to maintain. It may also appeal to someone looking for relatively strong assessed value relative to the local market, which could indicate good resale potential within West Alexander. It’s less suited to buyers who prioritize a large lot or citywide prestige.

Five Possible FAQs

1. How does the living area compare to other homes in Winnipeg?
   At 1,512 square feet, this home is above average for its street and neighbourhood, and in the top 30% citywide. It’s larger than many comparable homes in West Alexander, where the neighbourhood average is 1,299 square feet.

2. Is the assessed value high for the area?
   Yes, within West Alexander. The home ranks in the top 5% of the neighbourhood, with an assessed value of $293,000 against a neighbourhood average of $187,300. Citywide, however, it’s below the average of $390,100, so the value is very localized.

3. How old is the property, and is that typical for the neighbourhood?
   Built in 1976, it’s newer than most homes on William Avenue (average 1939) and much newer than the West Alexander average of 1921. Citywide, it’s close to the average year built of 1966, making it a roughly mid-century home in a broader context.

4. What is the lot size, and is it a selling point?
   The land area is 3,313 square feet—average for the street and neighbourhood, but smaller than the typical Winnipeg lot (average 6,570 square feet). It’s not a standout feature, but it could appeal to buyers who prefer a manageable yard.

5. How were these rankings calculated?
   Rankings compare this property to similar homes within each scope (street, neighbourhood, city). For living area and assessed value, larger is better; for year built, newer is better; for land area, larger is better. The “avg” shown is a rough median for comparable homes in that group.