344 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1905-built home with 915 square feet of living space on a 3,000-square-foot lot, located in Winnipeg’s William Whyte neighbourhood. Its assessed value is $83,000.
What stands out about this property is how it sits relative to its surroundings. The living area is roughly average for the street but below average for both the neighbourhood and the city. The land area follows a similar pattern—right around the median on Aberdeen Avenue and in William Whyte, but well below the citywide average, which is heavily influenced by newer suburban lots. The assessed value is notably low, ranking near the bottom of the street and neighbourhood, and in the bottom 1% citywide. The year built (1905) places it among the older homes on the street and in the area, and among the oldest citywide.
The appeal here is not in turnkey condition or modern specs. It’s a fixer-upper or a low-entry ownership opportunity in a dense, established part of the city. The lot size is modest but not unusually small for the area, and the assessed value suggests significant room for added value through renovation—provided the work aligns with what the neighbourhood can support.
This property would suit a buyer who is comfortable with a project: a first-time buyer with renovation skills, an investor looking for a low-cost entry into the William Whyte market, or someone who values location and character over square footage and modern finishes. It is less suited for anyone expecting a move-in-ready home or quick resale at a large markup without substantial work.
Frequently Asked Questions
1. How does this home’s size compare to other houses in William Whyte?
It’s on the smaller side for the neighbourhood. The living area (915 sqft) is below the neighbourhood average of 1,158 sqft, ranking in the bottom 30% of comparable homes there. The land area (3,000 sqft) is closer to the local average, so the house itself is compact but the lot is fairly typical for the area.
2. Why is the assessed value so low relative to other homes?
The $83,000 assessment reflects several factors: the home’s age (1905), its below-average living area, and likely condition. It ranks near the bottom of the street and neighbourhood for assessed value. This is a common pattern for older, smaller homes that haven’t been recently updated. The low assessment can work in a buyer’s favour for property taxes, but it also signals that the home needs investment to increase its market value.
3. Is the location on Aberdeen Avenue a positive or negative?
That depends on your priorities. The street itself is mixed; homes here vary significantly in age, size, and condition. The ranking data shows this property is around average for living area and land size on Aberdeen, meaning it’s not an outlier on the block. The neighbourhood, William Whyte, is an older, centrally located area with a mix of rental and owner-occupied housing. It’s not a high-demand area for luxury buyers, but it offers proximity to downtown and established infrastructure.
4. What are the main risks of buying a property this old?
The year built (1905) puts it among the oldest 10% of homes citywide. Typical risks include outdated electrical and plumbing systems, foundation issues, potential lead paint or asbestos, and a layout that may not suit modern expectations. Renovations can also uncover problems that cost more than anticipated. A thorough inspection is essential, and a deep understanding of older-home maintenance is helpful.
5. Could this be a good investment property?
Possibly, but with caveats. The low purchase price and assessed value provide a low cost of entry, and the land area is reasonable for the neighbourhood. However, the rental market in William Whyte is not as strong as in higher-demand areas, and any resale value will be heavily influenced by the quality of renovations. The upside is in adding square footage or significantly updating the interior, but that requires capital and patience. It’s not a passive investment—it’s more suited to someone willing to do the work themselves or manage a renovation closely.