368 Aberdeen Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,130 sqft home on a 3,265 sqft lot, built in 1901 in Winnipeg’s William Whyte neighbourhood. Its assessed value is $77,000.

Where the appeal lies: The property stands out for its very low entry price. The assessed value ranks in the bottom 3% on its street and bottom 5% in the neighbourhood, making it one of the most affordable options in the area. The living area is slightly above average for the street (top 31%) and roughly average for the neighbourhood, so you're getting functional square footage without paying a premium. The lot size is also above average locally, ranking in the top 27% on Aberdeen Avenue—unusual for a home of this price point.

What’s less obvious: The year built (1901) places it among the oldest homes citywide (top 1% oldest), which means this is a property that will likely need attention to systems, foundation, and insulation. The low assessed value may reflect deferred maintenance, not just the age. That said, older homes in older neighbourhoods often have solid bones and larger room proportions than newer infill builds. For someone willing to invest sweat equity, this could be a way into a neighbourhood with potential upside—William Whyte has seen pockets of reinvestment in recent years.

Who it suits: Budget-conscious buyers who are comfortable with a renovation or major updating project. First-time buyers looking for an affordable foothold in a central Winnipeg neighbourhood. Investors seeking a low-cost entry with room for forced appreciation through improvements. Not suited for someone who wants a move-in-ready home or has limited tolerance for older-house quirks like knob-and-tube wiring, knob-and-tube wiring, plaster walls, or an uninsulated foundation.

Five Possible FAQs

1. Why is the assessed value so low compared to the neighbourhood average?
The home is one of the oldest on the street and likely has not undergone significant recent updates that would raise its assessed value. The city assessor considers age, condition, and comparable sales—this property falls well below the neighbourhood median of $149,100, which suggests it's been valued conservatively. A renovation could shift that number meaningfully.

2. How does the living area compare to other homes nearby?
It's slightly above average for the street (1,130 sqft vs. a street average of 1,025 sqft) and close to the neighbourhood average of 1,158 sqft. Citywide it sits below the 1,342 sqft average, but that's expected given the older, smaller housing stock in this part of town. You're not losing space compared to immediate neighbours.

3. What should I look out for with a home built in 1901?
Expect original or early-era mechanicals unless there's proof of replacement. Common issues include outdated electrical (knob-and-tube), galvanized or lead plumbing, minimal or no insulation in walls, and potential foundation settlement. A thorough inspection is essential, and you should budget for surprises—especially around the roof, windows, and heating system. The lot size is generous, which can help offset some renovation costs if you have room to expand.

4. Is the neighbourhood improving or still struggling?
William Whyte is a mixed-area neighbourhood with below-average incomes and older housing stock. It's seen some spillover interest from buyers priced out of the North End's better-kept blocks, but it's not yet a hot market. The ranking data shows the property sits in the bottom tier for value citywide, which reflects the area's current reputation. That said, the street-level lot and living area rankings (top 27% and top 31% respectively) suggest this particular property has better physical attributes than many of its neighbours—in theory, that gives it more renovation potential than the average fixer-upper in the area.

5. What does the land area mean practically?
At 3,265 sqft, the lot is exactly average for the street but larger than most citywide (only 16% of Winnipeg properties have more land). For a 1901 home, this likely means there's space for a detached garage, a decent backyard, or possibly a future addition—depending on zoning. It's not a huge lot, but it's functional, and in a denser older neighbourhood, that's a real advantage. Check the city's zoning bylaws before assuming you can build anything, but the space itself is above what you'd typically get at this price point.