Property Overview: 423 William Avenue, Winnipeg
Key Characteristics & Appeal
This home on William Avenue presents a distinct and compelling profile defined by its impressive scale and historic roots. Built in 1884, it is one of the oldest homes in its immediate area, offering classic character. Its primary appeal lies in its generous proportions: with 2,359 sqft of living space, it ranks in the top 2-4% of homes locally for size, and its 6,558 sqft lot is significantly larger than most in the Centennial neighborhood. This combination of a spacious interior on a substantial lot is rare for the area.
Despite its above-average physical footprint, the property carries a relatively modest assessed value of $166k, which is around the neighborhood average but well below the Winnipeg citywide average. This creates an interesting value proposition—a lot of house and land for the price, albeit likely requiring a buyer comfortable with the upkeep of an older home.
This property would suit a pragmatic buyer or investor who values space and land over modern finishes. It’s ideal for someone looking for a character home with room to grow or adapt, who is prepared for the maintenance realities of a 140-year-old structure. It also appeals to those seeking a cost-effective entry into a neighborhood where the land itself holds long-term potential.
Frequently Asked Questions
1. Why is the assessed value relatively low compared to the home’s size?
The assessed value is influenced by multiple factors, including the property’s age (1884), its specific condition, and local market comparisons. While the living area and lot size are elite for the street and neighborhood, the age and potential renovation needs of a home this old are typically reflected in a lower assessment compared to newer, updated homes citywide.
2. What does the "Below Average" ranking for year built mean practically?
Ranking in the top 99% for age (meaning 99% of comparable homes on the street are newer) indicates this is a true historic property. Practically, this suggests potential for heritage character but also means systems, structure, and insulation may not meet modern standards without updates. It’s a key consideration for insurance, renovation costs, and energy efficiency.
3. How reliable is the sold price history for this property?
The site does not display a transaction history from its public data sources and explicitly states that missing data does not mean no sales occurred. They recommend contacting them directly for a manual lookup to obtain the most accurate, verified sale history, as they do not have access to MLS sales records.
4. The lot size is noted as "Elite" for the area. What are the advantages?
A 6,558 sqft lot in this neighborhood offers notable outdoor space for gardens, recreation, or additions—options that are scarce on the area’s typical 3,300-3,800 sqft lots. It also provides better privacy and potential for future development, subject to zoning.
5. Who should consider requesting the manual data lookup?
Serious buyers or investors should use the email request service to get exact sold prices and a full transaction history. This is crucial for making an informed offer, as the public data shown is intentionally broad (displayed in $50k bands for non-members) and may be incomplete.