922 William Avenue – Property Summary

Key Characteristics & Appeal

This is a 1,147 sqft home built in 1947 on a 5,134 sqft lot in Winnipeg's West Alexander neighbourhood. What stands out most is the land. The lot is significantly larger than average for both the street (where the average is 3,800 sqft) and the neighbourhood (3,591 sqft), ranking in the top 20% on William Avenue and top 13% in West Alexander. That extra yard space is this property’s strongest asset—something that matters more to buyers who value outdoor room, gardening, or future expansion potential than those looking for a turnkey interior.

The assessed value tells an interesting story. At $232,000, it sits above the street and neighbourhood averages, but well below the citywide average of $390,100. That gap reflects two things: West Alexander is a more modestly priced pocket of Winnipeg compared to pricier areas, and the home itself is older (1947) with a living area that’s only slightly above the street average. So you’re getting a relatively affordable property in a lower-cost neighbourhood, with above-average lot size and above-average assessed value for the immediate area—meaning it holds its ground locally without being overvalued citywide.

The living area is around average for the street but slightly below the neighbourhood and city averages. This isn’t a house that impresses with square footage. Its appeal is more practical: a solidly sized lot, a reasonable price point, and a location where it competes well against nearby homes. It would suit first-time buyers looking for something with outdoor space, or investors who see value in the land rather than the structure. It’s less suited to someone who wants a larger interior or a newer build without putting work in.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
The home’s assessed value of $232,000 is above both the street average ($204,200) and the neighbourhood average ($187,300). It ranks in the top 24% in West Alexander. Citywide, it’s below average, which is typical for this area.

2. Is the lot size unusual for this neighbourhood?
Yes. At 5,134 sqft, it’s considerably larger than the neighbourhood average of 3,591 sqft and ranks in the top 13% locally. On the street itself, it’s in the top 20%. That’s a notable advantage if yard space is a priority.

3. What does the year built (1947) mean for maintenance or updates?
The home is older than the citywide average of 1966 but newer than the neighbourhood average of 1921. In West Alexander, many homes are pre-war, so a 1947 build is actually on the newer side locally. That said, you should expect typical older-home considerations—potential for older wiring, plumbing, or insulation updates—especially since no renovation details are provided here.

4. How does the living area compare to other homes in the area?
At 1,147 sqft, it’s slightly above the street average of 1,090 sqft but below the neighbourhood average of 1,299 sqft. It’s also below the citywide average of 1,342 sqft. It’s a modest interior, not oversized.

5. Is this property in a high-demand part of Winnipeg?
The rankings show it performs best at the street and neighbourhood levels for assessed value and lot size, but citywide rankings drop significantly (top 87% for value, top 55% for living area). That suggests strong local demand within West Alexander, but the area itself isn’t among the city’s most competitive markets overall. Buyers should weigh the neighbourhood’s affordability against potential for long-term appreciation.