Property Summary: 1609 William Avenue W
Key Characteristics & Buyer Profile
This is a compact home with a 648 sqft living area, set on a 2,602 sqft lot, built in 1955. Its assessed value sits at $195,000. The appeal is not in space or lot size—both rank well below average on the street and across Winnipeg. Where the property stands out is its construction era: it’s newer than most homes in the immediate area (top 24% on the street, top 16% in Weston). This suggests a solid mid-century build that may have required less foundational upkeep than older nearby stock.
The value proposition is relative. On the street and in the neighborhood, the assessed value is around average, meaning you’re not overpaying for the location. But citywide, it’s well below average—reflecting the lower-cost nature of the Weston area. This property likely suits buyers who prioritize affordability and a decent structure over square footage or a large yard. It may also appeal to investors looking for a well-located infill lot, or first-time buyers who want to avoid the deferred maintenance often found with pre-war houses in the same price range.
Five Possible FAQs
1. How does the small living area affect livability?
At 648 sqft, the home is significantly smaller than both the neighborhood and city averages. This suits a single person, a couple, or someone downsizing, but may feel tight for a family, especially without knowing the layout or number of bedrooms.
2. Is the land size a dealbreaker?
The 2,602 sqft lot ranks in the bottom 14% on the street. That limits expansion potential, outdoor space, and future resale appeal for buyers who prioritize a yard. However, it’s close to the Weston average, so it’s typical for the area.
3. Why is the year built important here?
Built in 1955, the home is newer than most on the street (average 1939) and in the neighborhood (average 1937). That usually means more modern wiring, plumbing, and foundation work compared to older neighbors. It’s still mid-century, so don’t expect modern insulation or open layouts without renovation.
4. How does the assessed value compare to what I’d actually pay?
The $195,000 assessment is a tax baseline, not a market price. On the street, it’s close to the average, suggesting sale prices could align. But citywide, the average assessment is $390,100, so this is clearly an entry-level segment of the market.
5. What’s the neighborhood like for resale?
Weston ranks in the bottom quartile citywide for living area and land size. Resale will depend on condition and updates. The home’s newer build is a plus, but the small lot may limit buyer pool. It’s likely a hold for value growth rather than a quick flip.