370 Aberdeen Avenue – Property Summary
Key Characteristics & Ideal Buyer Profile
This is a 1905 home with 2,004 sq. ft. of living space on a 3,265 sq. ft. lot. The standout feature is its size. It ranks in the top 2% for living area on its street, top 4% in the William Whyte neighbourhood, and top 11% citywide—meaning it offers significantly more interior space than most comparable homes. The land area is slightly above average for the street but falls below citywide norms, reflecting a compact urban lot common in older Winnipeg neighbourhoods.
The assessed value (129k) is around average for the street and neighbourhood, and well below citywide averages. This suggests a gap between the home's physical footprint and its market valuation, which may appeal to buyers looking for space without paying a premium for a trendy area. The year built (1905) places it among the older homes locally and citywide, so it will suit someone comfortable with the quirks and maintenance of a century home—higher ceilings, solid framing, but likely older systems and finishes.
This property suits buyers who prioritise interior square footage over a modern build or a large lot. It’s a good fit for someone who wants room to spread out—a growing family, a home-based business, or a hobbyist needing extra floor space—and is willing to put time into upkeep or renovations. It’s less suited to those seeking a move-in-ready, low-maintenance home or a large yard.
Five Possible FAQs
1. How does this home compare to others in the area in terms of value for money?
The assessed value is around average for the street and neighbourhood, but the living area is among the largest. That means you’re getting well above-average space for a typical price in this area. Citywide, the value is low because the average Winnipeg home is newer and sits on a much bigger lot—but that’s common for older urban properties.
2. Is a 1905 home likely to have major issues?
Age alone doesn’t tell you condition, but a home of this era will often need updated electrical, plumbing, insulation, and possibly foundation work. It’s worth getting a thorough inspection focused on these systems. On the plus side, many century homes were built with old-growth lumber and solid construction that outlasts modern materials.
3. Why is the lot size below city average but not below the neighbourhood average?
The lot is about 3,265 sq. ft., which is typical for William Whyte and many close-in Winnipeg neighbourhoods. Citywide averages are inflated by newer suburban lots that are often double or triple that size. For urban living, this lot size is normal.
4. Who typically buys a house like this?
Often, first-time buyers who want more space than a starter condo or bungalow, DIY-minded homeowners who plan to renovate over time, or investors looking for a larger rental unit in a lower-cost area. It can also work for someone who wants to be in an older neighbourhood with mature trees and proximity to downtown, rather than a new subdivision.
5. Does a low assessed value mean the home is in bad shape?
Not necessarily. Assessed value reflects market conditions and comparable sales, not just condition. In this case, the value is low largely because the neighbourhood has lower overall sale prices. The home itself may be in reasonable condition, but the assessment doesn’t capture finishes or recent renovations—so it’s worth seeing in person.