1433 William Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 1946-built home with 1,178 square feet of living space on a 4,121-square-foot lot. What stands out is how the property compares to others around it. On William Avenue itself, it ranks in the top 30% for living area, top 28% for assessed value, and top 31% for lot size. The neighbourhood (Weston) is where it really shines: living area is in the top 14%, assessed value in the top 15%, and lot size in the top 20% locally. The year built is roughly average for the street but above average for Weston.
Citywide, the picture shifts. Living area is right around average (top 52%), but assessed value and lot size are notably below the Winnipeg average. The home is priced modestly compared to the city as a whole, while offering above-average space and value within its immediate area.
The appeal lies in getting more for your money in a specific pocket of the city. This suits buyers who want solid, functional space and a decent-sized lot without paying a premium for a trendy central location. It’s a good fit for someone who values local character and practicality over citywide status—think first-time buyers, small families, or investors looking for steady ground in a stable, older neighbourhood. The house is unpretentious and likely needs some updating, but the bones and lot offer real potential.
Five Possible FAQs
1. How does this property compare to others on William Avenue West?
It’s above average for living area and assessed value, and roughly average for lot size and year built. On this street, you’re getting more space and assessed value than most neighbours, with a lot that’s in line with what’s typical.
2. Why is the citywide ranking so different from the neighbourhood ranking?
Citywide averages include a much wider range of homes, including newer builds in pricier areas with larger lots. Weston has older, more modest homes, so this property ranks well locally but falls below the city average, especially for lot size and assessed value.
3. What does “assessed value” tell me about this home?
It’s the city’s estimate of market value for tax purposes. At $236,000, it’s above the street and neighbourhood averages but well below the citywide average of $390,100. That means you’re paying less tax than many city homes, but the value is strong relative to what’s nearby.
4. Is the lot size considered small or large for the area?
It’s larger than the neighbourhood average (4,121 sqft vs. 3,269 sqft), placing it in the top 20% for Weston. Citywide, it’s below average because newer subdivisions often have bigger lots, but for this older area, it’s generous.
5. What should I look for in a 1946-built home?
Expect older construction methods and materials. Check the foundation, electrical, plumbing, and insulation. These homes often have good bones and solid wood framing, but updates may be needed. The age is about average for the street, so neighbours’ homes likely have similar quirks.