982 William Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,872 sqft single-family home built in 1959, located on William Avenue in Winnipeg’s West Alexander neighbourhood. The property stands out most for its living space and assessed value relative to its immediate surroundings. On its own street, it ranks in the top 7% for living area—nearly double the street average of 1,090 sqft. Its assessed value of $324,000 is also well above both the street and neighbourhood averages ($204,200 and $187,300 respectively), though it sits around the citywide median.
The land is modest: a 3,383 sqft lot that’s typical for the neighbourhood but smaller than Winnipeg’s citywide average. The home itself is newer than most on the street and in the area (street average built in 1939; neighbourhood in 1921), which may mean more modern construction standards and systems.
Where the appeal lies: You get a larger-than-average home in a street and neighbourhood where smaller, older houses are the norm. That creates a two-sided story: the property feels spacious compared to its neighbours, but you’re not paying a premium for a large lot. The assessed value suggests the market recognizes the house’s size and condition within this pocket of the city, yet it’s not priced at the top citywide tier.
Who it would suit: Buyers who want more interior square footage than most homes in the area offer, without chasing a big yard. It could work well for someone who values a reasonably modern home in an older established neighbourhood—people who prefer being slightly newer than the surrounding stock rather than competing for a fully renovated property. It may also appeal to buyers looking for a home whose assessed value reflects solid street and neighbourhood positioning, without overextending into citywide high-cost brackets.
Frequently Asked Questions
1. How does this home compare to others on William Avenue specifically?
It’s well above average. The street’s typical home has about 1,090 sqft of living space and an assessed value around $204,000. This one is 1,872 sqft and assessed at $324,000. It’s also twenty years newer than the average building on the street (1959 vs. 1939). On land area, it’s roughly middle-of-the-pack.
2. Is the assessed value of $324,000 high for this neighbourhood?
Yes. Within West Alexander, this property ranks in the top 3% for assessed value, while the neighbourhood average is just $187,300. That’s a significant gap. However, citywide, it’s near the middle—suggesting that the premium is very localized. You’re paying for one of the larger, newer homes in this specific area, not for a citywide luxury property.
3. Why is the citywide ranking for assessed value only “around average” when the street and neighbourhood rankings are so high?
Because context matters. William Avenue and West Alexander are areas where home values and sizes tend to be below the Winnipeg citywide average. This property is a standout within that pocket, but once compared to the whole city—which includes more expensive suburbs and larger lots—it lands near the median. In other words, it’s a top-tier home in a modest neighbourhood, not a top-tier home citywide.
4. How much yard space does the property have, and is that typical?
The land is 3,383 sqft. That’s slightly below the street average of 3,800 sqft and the neighbourhood average of 3,591 sqft. Citywide, the typical comparable home sits on nearly double the land (6,570 sqft). So the yard is compact—more in line with an older, denser urban street than a suburban plot.
5. What does it mean that the home’s year built is “above average” for the street but “around average” citywide?
The street and neighbourhood have many pre-war homes (average 1939 and 1921 respectively), so a house from 1959 is noticeably newer. But across Winnipeg, many homes were built in the 1950s and 1960s, so 1959 is closer to the citywide median (1966). You get a home that’s twenty years newer than your immediate neighbours, but not unusually modern for the city as a whole. That often means better insulation, wiring, and layout compared to century-old houses nearby, without the premium of a recent build.