This property is a brand-new, 1,102-square-foot home built in 2024, situated on a 2,999-square-foot lot in the William Whyte neighbourhood. The most striking feature is its age: it is the newest home on its street (ranking 1 out of 520), in its neighbourhood (1 out of 1,707), and among the newest 1% citywide. This freshness contrasts sharply with the surrounding area, where the average home was built around 1930. The assessed value of $243,000 is above average both locally and within the neighbourhood (top 15% and top 7%, respectively), but well below the citywide average of $390,100—suggesting a strong asset relative to its immediate area, though not extravagant by broader city standards. The living area is close to the neighbourhood average, and the land is slightly smaller than typical for the area. The appeal lies in offering a modern, low-maintenance home in an older, established part of the city where such new construction is rare. This property would suit a first-time buyer or someone looking to downsize without compromising on efficiency or new-home warranties. It may also appeal to an investor targeting rental demand in a neighbourhood where most housing is aging, or to a buyer who values being part of a rapidly improving block rather than a fully finished, high-cost suburb. The trade-off is clear: you get a brand-new core in a lot that is modest by suburban standards, in a neighbourhood where the surrounding housing stock is decades older.
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What is included in the assessed value of $243,000?
The assessed value is set by the municipality and reflects the market value of the property as of the most recent assessment date, based on comparable sales, the new construction, and the lot. It is not the same as an appraisal or the price you will pay at closing, but it is used to calculate property taxes.
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Why is the land area ranking low citywide (top 89%) if the lot is 2,999 sqft?
The citywide average land area for comparable homes is 6,570 sqft, which includes many larger suburban lots and older properties with deep backyards. At just under 3,000 sqft, this lot is typical for the immediate street and neighbourhood but falls below that broader citywide average. It is a practical urban lot, not a sprawling yard.
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Is a home built in 2024 subject to any special building code requirements or warranty coverage?
Yes. All new homes in Manitoba are covered by a mandatory third-party warranty (through New Home Warranty Program of Manitoba), which typically includes two years on materials and labour, five years on the building envelope, and ten years on major structural defects. The home would also have to meet the latest 2020 National Building Code updates, including energy efficiency standards.
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How does the property compare to others currently for sale on Aberdeen Avenue or nearby?
On its street, this home ranks in the top 15% for assessed value and top 1% for year built. Very few nearby listings will be new construction—most will require significant updating. Its living area is average for the area, meaning you are not getting a bargain on square footage, but you are paying for the new roof, foundation, mechanicals, and insulation that an older home would lack.
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What is the neighbourhood like in terms of walkability, schools, and transit?
The William Whyte neighbourhood is a central, older urban area. It generally has good access to bus routes, some local schools, and convenience stores. It is not a high-amenity, walkable downtown core but is more connected than outlying suburbs. Prospective buyers should walk the street and nearby blocks to get a feel for the immediate context, as conditions can vary significantly from one block to the next.