849 William Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 928 sqft home on a 3,280 sqft lot, built in 1905, with an assessed value of $145k. Located in the West Alexander neighbourhood of Winnipeg, the property sits below citywide averages in almost every category—smaller living area, smaller lot, older construction, and lower assessed value. Its strongest relative position is on land area at the street level, where it falls in the top 63% of comparable homes on William Avenue. The assessed value, while low citywide, is roughly in line with the West Alexander neighbourhood average.
The appeal here is primarily affordability and entry point. For a buyer who prioritizes low cost of entry over square footage or modern construction, this property offers a chance to own in a denser, older part of the city where prices are compressed. It’s not a home that will impress on paper with size or upgrades—but it may suit someone looking for a compact, no-frills property with a functional lot in an established area. Investors or first-time buyers willing to take on some renovation or maintenance work might also see potential, given the low valuation relative to citywide medians. That said, the below-average metrics at every scope suggest limited upside without significant improvement.
Frequently Asked Questions
1. How does this property compare to others on William Avenue specifically?
On its street, the home is broadly average for living area and land size, but below average in assessed value and year built. It’s not an outlier—just slightly older and lower-valued than the median home on the block.
2. Is the low assessed value a problem or an opportunity?
It depends on your goals. A low assessed value often means lower property taxes, which can help with monthly carrying costs. On the other hand, it may reflect limited recent sales activity or deferred maintenance. If you’re planning to renovate, the low base could mean a quicker path to added equity.
3. What’s the neighbourhood like in terms of home age and style?
West Alexander has an average year built around 1921, so this 1905 home fits the character of the area. Many homes in the neighbourhood are older, which means the area has a mature feel, but also potential for aging infrastructure that buyers should inspect carefully.
4. How does the lot size affect usability?
At 3,280 sqft, the lot is smaller than the neighbourhood average of 3,591 sqft and well below the citywide average of 6,570 sqft. It’s a compact urban lot—practical for a small yard, garden, or parking, but not suited for major additions or expansive outdoor space.
5. Should the rankings influence my decision?
They’re useful for context, but rankings are relative. This home ranks low citywide because it’s old and small by modern standards—that’s not inherently bad. What matters more is how the property fits your budget, your tolerance for older construction, and your plans for the space. Rankings don’t measure character, location convenience, or potential.