295 Aberdeen Avenue – Property Summary
Key Characteristics & What to Know
This 1,091 sqft home, built in 1906, sits on a 3,000 sqft lot in the William Whyte neighbourhood. Its assessed value is $180,000.
The property’s main draw is value per square foot relative to the neighbourhood. While the living area is close to the street and neighbourhood averages, the assessed value sits notably above both—ranking in the top 26% locally. That suggests a home that may be undervalued in terms of price-to-space, or one that has been maintained or updated in ways that the broader market hasn’t fully reflected. The lot size is standard for the area but significantly smaller than the citywide average, which is typical for older, inner-city infill neighbourhoods.
The year built (1906) puts it among the older homes locally and citywide. That’s not unusual for the area, but buyers should be aware of the maintenance realities that come with a century-plus-old structure—foundations, wiring, plumbing, and insulation may vary.
Who it suits: This property will likely appeal to buyers looking for an affordable entry into a mature, established neighbourhood. It’s a strong candidate for someone who values location and square footage over a modern build, and who is comfortable with the character (and quirks) of an older home. It may also suit investors or flippers who see upside in the assessed value gap between the property and the neighbourhood median.
Five Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The property’s assessed value of $180k is above the neighbourhood average of $149.1k, ranking in the top 26% locally. However, it sits well below the citywide average of $390k, reflecting the neighbourhood’s overall affordability rather than any issue with the home itself.
2. Is a 1906 home a risky purchase?
Not necessarily, but it depends on how well it has been maintained. Homes of this age often have solid framing but may need updated electrical, plumbing, or insulation. A thorough home inspection—especially of the foundation, roof, and mechanical systems—is strongly recommended.
3. How does the lot size compare to other homes in the area?
At 3,000 sqft, the lot is slightly smaller than the street average (3,265 sqft) and neighbourhood average (3,277 sqft). It’s well below the citywide typical lot size of 6,570 sqft, which is common for older, denser Winnipeg neighbourhoods.
4. What is the neighbourhood like for resale value?
William Whyte is an area with older housing stock and a mix of owner-occupied and rental properties. The property’s assessed value ranks well within the neighbourhood, which may indicate stable demand at this price point. Resale value will depend largely on the condition of the home and any upgrades made over time.
5. How does the living area compare to other homes in Winnipeg?
The home’s 1,091 sqft is close to the citywide average for comparable homes (1,342 sqft) and slightly above the street average (1,025 sqft). It’s a comfortably sized home for a small family, couple, or single occupant, but would not be considered spacious by modern suburban standards.