1603 William Avenue W – Property Summary
Key Characteristics & Buyer Profile
This is a 648-square-foot home built in 1961 on a 2,602-square-foot lot in Winnipeg’s Weston neighbourhood. Its standout feature is assessed value: at $211,000, it ranks in the top 25% within Weston and sits above the local average of $184,700. On its own street, the value is around average.
The home is smaller than most comparables—both on the street and citywide—and sits on a lot that’s below average for the area. However, the year built (1961) is newer than many nearby homes, which average 1939 on the street and 1937 in the neighbourhood. This suggests the property may have been built during a later wave of development, potentially offering more modern construction than surrounding older stock.
Where the appeal lies: The value ranking relative to size suggests a potential price-to-space efficiency. For a buyer who doesn’t need a large footprint or a big yard, this property may offer a relatively low entry point in a neighbourhood where assessed values are trending above the local median. The compact size could also mean lower maintenance and utility costs.
Best suited for: First-time buyers looking for an affordable entry into a stable neighbourhood, downsizers who want something manageable, or investors targeting properties with below-average living area but above-average value retention. It’s less suitable for anyone needing generous indoor or outdoor space, or for those comparing strictly on square footage against citywide benchmarks.
Frequently Asked Questions
1. How does this property compare to others on William Avenue?
It’s smaller than most—648 sqft versus the street average of 1,090 sqft—but its assessed value is right around the street average. That means it’s roughly on par price-wise with larger homes on the same street, which could reflect location, condition, or lot specifics not captured in the data.
2. Is a 648 sqft home practical for a small family?
It depends on layout. This size is common for a one-bedroom or small two-bedroom unit. Families with one child might manage, but two children or the need for a dedicated home office would likely feel tight. The land area is also modest, so outdoor expansion isn’t an obvious option.
3. Why is the assessed value relatively high for such a small home?
Assessed value reflects factors beyond square footage, including location, lot value, and comparable sales. In Weston, the neighbourhood average value is $184,700, and this home’s $211,000 puts it above that. Compact homes can carry higher per-square-foot values if demand is steady and inventory is limited.
4. How does the land size affect the property’s potential?
At 2,602 sqft, the lot is smaller than average for Weston (3,269 sqft) and significantly smaller than the citywide average. This limits scope for additions or large landscaping projects but also means less yard work. For some buyers, a modest lot is a feature, not a drawback.
5. What should someone consider before viewing this property?
Look closely at the home’s condition and layout—the data can’t tell you if the 648 sqft is well-used or cramped. Also consider the street ranking: it’s among the smaller homes on William Avenue, which could affect resale if future buyers prefer larger units. If you’re comfortable with compact living and the neighbourhood fits your lifestyle, the value proposition is solid.