983 William Avenue – Property Summary

Section 1: Key Characteristics, Appeal, and Buyer Profile

This is a 1905-built home on William Avenue in Winnipeg’s West Alexander neighbourhood, with 1,720 square feet of living space on a 4,552-square-foot lot. Its assessed value is $202,000.

The property stands out most for its size. The living area is well above average on the street (top 11%), in the neighbourhood, and even citywide. The lot is also generous—top 26% on the block and top 19% in the area—which is notable in a dense older neighbourhood where land is often tighter. The assessed value, meanwhile, is essentially average for the street and neighbourhood, but well below the citywide average of $390,000. That gap suggests the home offers more square footage per dollar than many newer or more centrally located Winnipeg properties.

The year built, 1905, puts it among the older homes citywide (top 98% oldest). That means it likely has character details, solid materials, and a layout typical of pre-war construction, but it may also come with older systems and maintenance needs.

This property would suit a buyer who values space—both indoor and outdoor—over a move-in-ready or low-maintenance home. It’s a strong candidate for someone willing to invest time and money into updates, or for a buyer who appreciates older homes and wants a larger lot in a well-established neighbourhood without paying a premium for a recently renovated house.

Section 2: Five Possible FAQs

1. How does the assessed value compare to similar homes in the area?
   At $202,000, it’s close to the street average ($204,200) and slightly above the neighbourhood average ($187,300). Citywide, it’s well below the typical $390,100, reflecting the older age and likely smaller overall market profile of the area.

2. Is the lot size unusual for this neighbourhood?
   Yes, it’s above average. At 4,552 square feet, it ranks in the top 19% within West Alexander. Most nearby lots are around 3,600 square feet, so this provides more outdoor space than typical for the area.

3. What should I expect from a 1905 home in terms of condition?
   Older homes often have good bones—thick walls, large rooms, and natural materials—but systems like plumbing, electrical, and insulation may need updating. It’s worth a thorough inspection, especially focusing on the foundation, roof, and windows.

4. How does this property compare to newer homes in Winnipeg?
   It offers significantly more living area than many newer entry-level homes, but it’s older, has a smaller lot than suburban averages (4,552 vs. 6,570 sq ft citywide), and lacks the energy efficiency and warranty of new construction. It’s a trade-off between space and modernity.

5. Would this be a good investment property?
   Possibly. The low assessed value relative to square footage suggests potential for added value through renovations. The large lot and above-average living area could also appeal to renters or future buyers. However, older homes often have higher carrying costs for maintenance and insurance, so the numbers should be run carefully.