867 William Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact 824 sqft home on a 3,318 sqft lot, built in 1905, located on William Avenue in Winnipeg’s West Alexander neighbourhood. Its assessed value is $122,000.
Where the property stands out is its land-to-building ratio. While the house itself is smaller than most nearby homes and citywide averages, the lot size holds its own—ranking near the middle of the street and the neighbourhood. For a buyer who values outdoor space or sees potential for future expansion, that balance matters more than square footage alone.
The appeal here is not about moving into a polished, turnkey home. It’s about affordability in a dense urban area, combined with a lot that gives you room to breathe. The year built (1905) means this is an older property, and the low assessed value reflects both its age and its modest size. Buyers suited to this home tend to be: first-time purchasers prioritizing location over size, renovators looking for a project with a decent lot, or investors targeting lower-entry price points in a central Winnipeg neighbourhood. It’s not for someone seeking a move-in-ready home with modern finishes or a large living area.
Frequently Asked Questions
1. How does the living area compare to other homes nearby?
At 824 sqft, it’s below the street average of 1,090 sqft and well below the neighbourhood average of 1,299 sqft. It ranks in the top 71% on the street, meaning about 29% of homes are smaller, but the majority are larger.
2. Is the assessed value in line with the property's condition?
The $122,000 assessment is significantly below the street average ($204,200) and the neighbourhood average ($187,300). Citywide, it’s in the bottom 1% of comparable homes. This suggests the property is priced for its size and age rather than for upgrades or premium location features.
3. What should I know about the year built?
Built in 1905, it’s older than most homes on the street (average 1939) and much older than the citywide average (1966). Within the West Alexander neighbourhood, it falls around the middle in terms of age. Older homes can have charm and solid bones, but may require more maintenance—especially for electrical, plumbing, or foundation work.
4. Could the lot size be an advantage?
Yes. The 3,318 sqft lot is near the middle of the pack for the street and neighbourhood. Citywide, lots in Winnipeg average 6,570 sqft, so this is on the smaller side overall, but for the area it’s reasonable. If you're comparing to other homes in West Alexander, the land-to-house ratio is actually favourable here.
5. Who typically buys a property like this?
Buyers who are budget-conscious and willing to invest sweat equity are the most common fit. It also appeals to those who prioritize being in a central Winnipeg location over having a large interior. For an investor, the low entry price and decent lot size could make it a candidate for future redevelopment or rental use, depending on zoning and neighbourhood trends.