1614 William Avenue W – Property Summary
1. Key Characteristics & Buyer Profile
This is a 1914-built home with 1,040 sq ft of living space on a 2,527 sq ft lot, located in Winnipeg’s Weston neighbourhood. Its assessed value is $130,000.
What stands out: The living space is slightly above average for Weston (top 29%), and comparable to other homes on William Avenue. But the property’s assessed value sits well below both the street and neighbourhood averages — and in the bottom 2% citywide. That gap between usable interior space and low tax assessment is the core appeal here. You get a reasonably sized home in a modest older neighbourhood, at a price point that reflects the lot size and age rather than the livable square footage.
Land size is the main trade-off. At 2,527 sq ft, it’s smaller than most properties on the street (bottom 3%) and significantly below the city average. This isn’t a house for someone wanting a big yard or room to expand.
Who it suits: Buyers who prioritize indoor space per dollar over outdoor space. It would work well for someone looking for an affordable entry into homeownership, especially if they’re comfortable with an older home that may need updates. It could also suit an investor focused on rental yield in a lower-value area, or someone who values being in a walkable, established part of the city over newer suburban lots.
2. Frequently Asked Questions
1. How does this home’s size compare to others in the area?
It’s slightly larger than the average home in Weston (936 sq ft), putting it in the top 29% of the neighbourhood. On its own street, it’s about average — right in the middle of the pack.
2. Why is the assessed value so much lower than the city average?
The assessment reflects the home’s age (built 1914) and its small lot size. Many newer or larger properties across Winnipeg push the city average up to $390,000, so a $130,000 assessment makes sense for an older, modest home on a compact lot.
3. Is this a good property for first-time buyers on a tight budget?
Potentially. The low assessment and likely lower purchase price can mean lower property taxes and mortgage payments. But buyers should factor in possible maintenance or renovation costs for a home over 100 years old.
4. How much outdoor space does it have, and is it usable?
The lot is roughly 2,527 sq ft — noticeably smaller than most in the area. Whether it’s usable depends on expectations. It’s fine for minimal landscaping or a small garden, but not for large gatherings, sheds, or expansion.
5. What’s the neighbourhood like in terms of housing stock and resale value?
Weston is an older, established area with many pre-war homes. Property values here tend to be lower and more stable than fast-growing suburbs. The home’s small lot could limit resale upside, but its larger-than-average interior may attract buyers who prioritize indoor space over land.