283 Aberdeen Avenue

283 Aberdeen Avenue – Property Summary

Key Characteristics & Ideal Buyer

This 1926 home on Aberdeen Avenue offers 1,376 sq. ft. of living space on an unusually large 5,321 sq. ft. lot. The lot is the standout feature: it ranks in the top 2% on the street and in the William Whyte neighbourhood, making it significantly larger than most nearby properties. The living area itself is above average for the street and neighbourhood, though close to the citywide norm. The assessed value of $195k is above the local average, but well below the citywide median for comparable homes—which suggests the property is priced relative to its neighbourhood, not the broader market.

The appeal here is space and potential. A lot this size on a street where most homes sit on roughly 3,200 sq. ft. gives room for expansion, a large garden, or additional structures (subject to zoning). The home is older, but not unusually so for the area; many neighbouring houses date from the 1920s and 1930s. This property would suit buyers who value outdoor space over a move-in-ready interior, or those looking for a fixer-upper in a settled, older neighbourhood where land is scarce. It may be less suited to someone wanting a modern, low-maintenance home or a location closer to downtown amenities.

Five Possible FAQs

1. How does the assessed value compare to similar homes in Winnipeg?
   The assessed value of $195k is around the 30th percentile on Aberdeen Avenue and the 19th percentile in William Whyte, meaning it’s above local averages. Across the entire city, however, it falls in the bottom 8%—the citywide median for comparable homes is $390k. This reflects the neighbourhood’s older housing stock and lower market values, not a flaw in the property itself.

2. Is the large lot a practical advantage, or just a number?
   The lot is genuinely large for the street and neighbourhood—more than 60% bigger than the local average. That translates into a deep rear yard, good side clearance, and possibilities for a garage, workshop, or garden. The trade-off is upkeep: more lawn, more fencing, and more snow to clear. It’s a real asset if you have a use for it, but not a passive bonus.

3. What does “built in 1926” mean for maintenance and renovations?
   The home is old, but construction from that era in Winnipeg is generally solid—often brick or stone foundations, plaster walls, and good-quality framing. That said, expect older wiring, plumbing, and insulation. The age ranks around average for the street and slightly above average for the neighbourhood, so you’re not inheriting an outlier. A thorough inspection is recommended, especially for the roof, basement moisture, and any knob-and-tube wiring.

4. How does this property compare to others on the market in William Whyte?
   The William Whyte neighbourhood has many early-20th-century homes, often on smaller lots. This one stands out for its land size and slightly larger living area. Assessed values in the area are well below city medians, so you’re likely to get more square footage and land for your money compared to newer suburbs. The trade-off is an older home in a less central location.

5. Would the property be a good investment for rental or resale?
   The strong local lot ranking (top 2%) gives it scarcity value. If neighbourhood values rise over time, land-heavy properties often appreciate faster than buildings. For rental, the living space is modest but functional, and the large yard could appeal to tenants with children or pets. Resale depends on future development and market trends in William Whyte, but the land alone makes it more resilient than a typical older home on a standard lot.