975 William Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s West Alexander neighbourhood, built in 1907. With 810 square feet of living space and a 3,299-square-foot lot, it is smaller than most comparable properties across all three comparison levels—street, neighbourhood, and citywide. Its assessed value of $148,000 is well below the citywide average of $390,100, reflecting both its modest size and age.
The property’s appeal lies in its affordability and lot size relative to the immediate area. While the living area ranks in the bottom 10% citywide, the land area is actually around average for both the street and neighbourhood—suggesting more outdoor space per square foot of house than many nearby homes. This matters for buyers who prioritize yard space, gardening, or future expansion potential over interior square footage.
The home would suit a buyer comfortable with an older property who is less concerned about interior size and more focused on a lower entry price in a central Winnipeg location. It may also appeal to someone looking for a renovation project or a property with a larger-than-typical lot for the area. Investors or first-time buyers working within a tight budget might also find the assessed value and land-to-building ratio worth a closer look.
Frequently Asked Questions
1. How does this home’s assessed value compare to others nearby?
It is below average on its street and citywide, but around average for the West Alexander neighbourhood. The assessment sets it apart as one of the more affordable options in the area.
2. Is a 1907-built home likely to have maintenance concerns?
Generally, yes. Older homes can have aging systems, foundations, and insulation. However, the year built is typical for this neighbourhood—many surrounding homes are from the same era—so localized contractors and materials may be familiar with the construction style.
3. Why is the land area rank better than the living area rank?
The lot is 3,299 sqft, which is close to the street and neighbourhood averages. The living area (810 sqft) is well below both averages. This means you’re getting a relatively generous lot for a small house, which isn’t common in many newer developments.
4. What does “rank by land area, larger = better rank” mean in practice?
It means the property is compared by lot size, and higher ranks go to larger lots. This home sits around the middle of the pack locally, but citywide it still outperforms 83% of properties since many urban lots are much smaller.
5. Are the rankings based on all properties or just similar homes?
They compare this property to a set of “comparable homes” within each scope. The methodology filters by property type and location to give a fair benchmark, not the entire city’s housing stock. For example, the citywide average living area of 1,342 sqft reflects comparable homes, not all dwellings.