366 Aberdeen Avenue

Here is a clean, standalone summary of the property at 366 Aberdeen Avenue, written for direct webpage display.

Key Characteristics & Buyer Profile

This is a small, older home (built 1909) on a notably large lot. The living area is 694 sq. ft., which is significantly smaller than the average home on its street (1,025 sq. ft.), in its neighbourhood (1,158 sq. ft.), and citywide (1,342 sq. ft.). Its assessed value of $97,000 is equally below average, reflecting the modest structure.

The property’s standout feature is the land. At 3,265 sq. ft., this lot is substantially larger than average for the street (ranking in the top 27%) and is right in line with the neighbourhood average. This creates a clear contrast: a small, low-cost house on a generous piece of land.

Its appeal lies in the land value and entry price, not the house itself. This property suits a specific type of buyer: someone looking for an affordable entry into homeownership who is comfortable with a fixer-upper, or an investor or builder interested in the development or infill potential of the lot. The neighbourhood (William Whyte) is ranked lower for assessed values citywide, so the buyer should be comfortable with an area that is still maturing. This is not a move-in-ready family home; it’s a property where the value is below the ground floor.

Frequently Asked Questions

1. The living area is very small. Is this a one-bedroom or a two-bedroom home?
The data shows 694 sq. ft., which is typical for a small two-bedroom bungalow or a one-bedroom with a den from this era. The exact layout isn't specified in the summary, but given the square footage, it will be a compact floor plan. Buyers should verify the bedroom count during a viewing.

2. The house was built in 1909. What are the main risks with a home this old?
Homes from 1909 often have original foundations (fieldstone or rubble), outdated wiring (knob-and-tube), and old plumbing. Lead paint and asbestos in insulation or siding are also common. A thorough pre-purchase inspection is essential, and budget for potentially major system replacements.

3. The assessed value is $97k, but the lot is big. Does that mean the house is essentially worthless?
Assessed value isn't market value, but the data does suggest the structure holds little value relative to the land. It’s common in older neighbourhoods for the land to be worth more than the building. This property is likely "land-heavy," meaning the house may need significant work or a teardown to realize the full value of the lot.

4. What does "Top 97%" for living area citywide mean?
It means the home is smaller than 97% of comparable homes in Winnipeg. This ranking system measures how you compare to others: a "Top 97%" rank in living area means you are in the bottom 3% for size. The smaller the number (e.g., Top 27% for land area), the better the ranking for that metric.

5. Who typically buys a property like this?
The most likely buyers are investors looking for a low-cost renovation project or someone planning to build a new home on the lot. First-time buyers with a very limited budget and strong DIY skills might also consider it, but they should be prepared for major work and ongoing maintenance on a century-old structure.