Key Characteristics & Buyer Profile

This is a 1,047 sqft single-family home on William Avenue W in Winnipeg’s Weston neighbourhood, built in 1946 on a 4,506 sqft lot. The property sits close to the street average for size and age, but stands out locally: its living area is larger than about 72% of homes in Weston, and its lot is bigger than roughly 87% of neighbouring properties. The assessed value of $195,000 is near the community median but well below the citywide average of $390,000, reflecting both the area’s affordability and the home’s older construction.

The appeal lies in getting more indoor and outdoor space than most nearby homes, without paying a premium for it. The lot size in particular is a practical advantage—more room for gardening, storage, or future additions compared to typical Weston properties. That said, the home is older (1946) and its assessed value suggests it hasn’t been recently upgraded or expanded in a way that would significantly raise its market position. Buyers should expect some original features or the need for updates.

This property would suit someone looking for a solid entry point into homeownership in a central, working-class Winnipeg neighbourhood, especially if they value yard space over a move-in-ready interior. It’s less ideal for buyers who want a modern, low-maintenance home or who are concerned about resale positioning in the broader city market, where it falls in the bottom third for both age and value.

Frequently Asked Questions

1. How does this home compare to others on the same street?
It’s fairly typical for William Avenue W. Living area and assessed value are both close to the street average, and the build year is near the median. The main difference is the lot, which is larger than about 72% of homes on the street.

2. Is the assessed value of $195,000 realistic for this property?
Yes, it aligns with the Weston neighbourhood average and reflects the home’s age and likely condition. It’s significantly below the Winnipeg average because older homes in central neighbourhoods tend to be assessed lower than newer suburban builds.

3. What does “above average in Weston but below average citywide” mean in practice?
It means the home offers more space than most of its immediate neighbours, but the neighbourhood itself is more affordable and has older housing stock than much of Winnipeg. You’re getting a relatively spacious lot and home for the area, not a luxury property by city standards.

4. Should I be concerned about the 1946 build year?
Not necessarily, but it depends on maintenance history. Homes from that era often have good bones but may need updated electrical, plumbing, insulation, or windows. If you’re handy or budget for renovations, it can be a good value. If you want a home with modern systems and minimal work, you’ll want an inspection to know what you’re taking on.

5. What kind of resale potential does this property have?
Its resale strength is tied to the lot size and the stability of the Weston area, not to premium finishes or a high citywide ranking. Future value will come from keeping the home well-maintained or making smart upgrades that align with what local buyers want. It’s unlikely to appreciate as quickly as newer homes in higher-demand areas, but it offers solid, lower-risk ownership in an established neighbourhood.