973 William Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home on Winnipeg’s William Avenue, built in 1907. Its living area is 688 square feet—well below the street, neighbourhood, and city averages. The assessed value ($99,000) is also low relative to comparable properties, ranking near the bottom on every level. The land area (3,299 sqft) is close to the middle of the pack for the street and neighbourhood, though still below the citywide average.
The property’s main appeal is its price point. For buyers who want to own a detached home in the city without stretching their budget, this is about as affordable as it gets. The combination of a very low assessed value and a small living area suggests it could suit someone looking for a starter home, a renovation project, or a low-cost entry into the market in a central neighbourhood. It’s less suited for families needing space or buyers who want a property that already matches area norms for size or finish.
Frequently Asked Questions
1. Does the low assessed value mean the house is in poor condition?
Not necessarily. Assessed value reflects market comparisons for similar homes, but it can also be influenced by small living area, age, or limited recent sales data. It’s worth getting a home inspection to separate condition from the numbers.
2. How does the 1907 build year affect insurance or maintenance?
Homes from that era often have older wiring, plumbing, and foundations. Some insurers charge higher premiums or require updated systems. It’s a good idea to check with an insurance broker before committing.
3. Is a 688 sqft house practical for daily living?
It depends on your lifestyle. With efficient layout, it works for a single person or a couple. But storage, entertaining, and room for guests will be limited. The lot is just over 3,200 sqft, so there’s some outdoor space but not much room to expand the footprint.
4. Why is the land area ranked higher than the living area?
This property has a land area that’s much closer to its neighbourhood average than its living area is. In older parts of Winnipeg, small houses on modest lots are common. The land holds a fair share of the property’s value, especially for redevelopment or future additions.
5. What kind of neighbourhood is West Alexander?
West Alexander is an older, centrally located area with a mix of residential and light commercial uses. It’s walkable to some amenities, but not a high-end or newly developed pocket. Buyers should consider noise, proximity to main roads, and the general condition of surrounding properties when viewing.