315 Aberdeen Avenue – Property Summary
Key Characteristics & Appeal
This is a 1905-built home with 934 square feet of living space on a 2,999-square-foot lot. Its assessed value is $158,000. The property sits in the William Whyte neighbourhood of Winnipeg.
The home’s appeal is rooted in affordability relative to the broader city. While its living area and year of construction are below city averages, its assessed value is significantly lower than the citywide median of $390,100. On the street and neighbourhood level, the value aligns closely with local medians, suggesting the pricing is consistent with the immediate area—not an outlier.
This property would suit a buyer with a limited budget who prioritizes low entry cost over modern finishes or square footage. It may also appeal to someone looking for a project home or a rental property in an established neighbourhood, given the older construction and lot size that is modest by city standards but typical for the area. The year of construction (1905) places it among the older homes on the street, which could be a factor for buyers interested in character or renovation potential, though it also implies possible maintenance needs.
Frequently Asked Questions
1. How does the property's size compare to others nearby?
The living area is slightly below the street average (1,025 sqft) and neighbourhood average (1,158 sqft), ranking in the 57th and 69th percentiles respectively. The land area is also below the neighbourhood average of 3,277 sqft.
2. Is the assessed value in line with comparable homes?
On Aberdeen Avenue, the value is near the median. In the wider William Whyte neighbourhood, it is slightly above the average ($149,100). Citywide, it is well below typical values—ranking in the bottom 4%—which reflects the area’s more affordable pricing.
3. What does the year built mean for condition or upkeep?
Built in 1905, the home is older than the street average (1930) and much older than the city average (1966). Buyers should budget for potential updates to plumbing, electrical, insulation, and foundation, which are common with homes of this era.
4. How does the land size affect usability or future development?
The 2,999-square-foot lot is smaller than the neighbourhood average but is still a standard urban lot. It leaves room for a yard, garden, or minor additions, though not for subdivision or large-scale expansion without variance.
5. What kind of buyer typically considers this type of property?
First-time buyers with limited funds, investors seeking low-cost entry into a stable area, or renovators looking to add value through upgrades. The price point and older construction suggest it is not a turnkey property for those wanting modern amenities without work.